Wells Fargo & Co

Jim Cramer picks his standout stocks in 4 bull market industries

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 …

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Bank of America, JPMorgan and other banks reportedly team up on digital wallet to rival Apple Pay

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 …

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Cramer sees bullish signs in the market, just not in the same places

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, …

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Bank earnings fail to impress investors as recession worries rise

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 …

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5 things to know before the stock market opens Friday, January 13

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 …

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JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about ‘headwinds’ remain.

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 …

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Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses

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 …

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CarMax, Salesforce, Coinbase and more

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 …

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