CNBC’s Jim Cramer on Wednesday offered investors a list of bull markets he’s identified as companies report quarterly financial results. “Now that we are already one-fifth of the way through earnings season, we can start identifying the winners and losers,” he said, adding, “We have some legitimate, sizable bull markets going on here, and they …
Jim Cramer picks his standout stocks in 4 bull market industries Read More »
Brendan McDermid | Reuters Several banks are reportedly working on a digital wallet that links with debit and credit cards to compete with Apple Pay and PayPal. According to the Wall Street Journal, the digital wallet would be operated by Early Warning Services, a joint venture from several banks that also run Zelle. The major …
Being negative can be terrifying. Staying negative can be lethal. For, almost all of 2022 will be remembered as a year of disappointment and discouragement. Not for the bears. They were occasionally beaten back — but for the most part, they had the run of the joint. Any time you got too excited, too bullish, …
Cramer sees bullish signs in the market, just not in the same places Read More »
A sign posted in front of a Wendy’s restaurant on August 10, 2022 in Petaluma, California. Justin Sullivan | GettyImages Check out the companies making headlines in midday trading. JPMorgan Shares of the largest US bank by assets rose more than 2% after the firm posted fourth-quarter profit and revenue that topped expectations. The New …
New York CNN — JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless disappointed. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase (JPM) were up about 1% in late morning trading while …
Bank earnings fail to impress investors as recession worries rise Read More »
diego_cervo | GettyImages Here are the most important news items that investors need to start their trading day: 1. Will luck hold on Friday the 13th? Stocks are on a roll. The Dow and the S&P jumped Thursday, after December’s consumer price index showed inflation slowed down, as expected. The Nasdaq registered its first five-day …
5 things to know before the stock market opens Friday, January 13 Read More »
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s reduced expectations for their fourth-quarter profits as higher interest rates boosted income from loans. The banks turned in stronger-than-expected results despite a slowdown in overall deal activity such as home mortgage loans and initial public …
Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | GettyImages citygroup said fourth-quarter net income decreased by more than 21% from a year ago as declines in investment banking overshadowed a benefit from higher interest rates. The bank also said …
People walk past a Wells Fargo bank on 14th Street on December 20, 2022 in New York City. Michael M. Santiago | GettyImages Wells Fargo Shares came under pressure Friday after the bank reported shrinking profits, weighed down by a recent settlement and the need to build up reserves amid a deteriorating economy. The stock …
Check out the companies making headlines in premarket trading. CarMax Shares of the used car seller slid 4.8% after JPMorgan downgraded them to underweight, saying investors aren’t fully pricing in the risks surrounding the company and hope for a recovery looks “premature.” CarMax fell 53% in 2022 but has risen 18% since its disappointing quarterly …