Wells Fargo reported better-than-expected quarterly results ahead of Friday’s opening bell. We were also pleased to see that by the end of 2023, management has officially delivered on its multi-year cost savings program of $10 billion. But shares came under pressure due to a weaker-than-expected outlook. Total revenue for the three months ended Dec. 30 … Read more
Check out the companies that made headlines in pre-market trading. Tesla — Shares of the electric car maker fell more than 3% in premarket trading after Tesla cut prices of both the Model 3 and Model Y in China a day earlier. Tesla also said its Berlin manufacturing plant will face outages due to shipping … Read more
Here are the most important news investors need to start their trading day: 1. Packaging Stock futures fell on Friday ahead of the week’s final trading session. However, all the major indices are still heading for weekly gains, despite what has seemed like near-daily stagnation since the start of 2024. The Dow Jones Industrial Average … Read more
Wells Fargo shares fell on Friday even after fourth-quarter profit rose from last year, as the bank warned that net interest income for 2024 could be significantly lower year-on-year. Here’s what the bank reported versus what Wall Street expected, based on a survey of analysts at LSEG, formerly known as Refinitiv: · Revenue: $20.48 billion … Read more
Jamie Dimon, CEO of JPMorgan Chase, test during the Senate Banking, Housing and Urban Affairs Committee’s Annual Oversight of Wall Street Firms hearing on Dec. 6, 2023, in the Hart Building. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase is scheduled to report fourth-quarter earnings before Friday’s opening bell. Here’s what Wall … Read more
CNBC’s Investing Club with Jim Cramer hosts a live “Morning Session” every weekday at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. US stocks were mixed on Tuesday, renewing some of the early 2024 pressure we saw on Wall Street last week. The Nasdaq turned positive on Tuesday as Nvidia hit another … Read more
Here are the top news investors need to start their trading day: 1. Welcome back Stocks rebounded to start the year on Monday after a week of losses. The broad S&P 500 ended roughly 1.4% higher, while the tech-heavy Nasdaq jumped a stellar 2.2%. The Dow improved only about half a percentage point as a … Read more