City Fargo, county Wells Financial News

17.07 / 10:31

UPS Microsoft DOW Tesla Futures lackluster as investors wait for more earnings

(Reuters) — U.S. stock index futures were subdued on Monday after last week's gains, as investors geared up for quarterly results from industry heavyweights through the week.

17.07 / 09:09

Target Booking JPMorgan HSBC TCS ICBC HDFC Bank enters $100 billion m-cap club, but fails to pip TCS as number 2 stock

Reliance Industries (RIL) and IT major Tata Consultancy Services (TCS), sitting on the third position with a market cap of ₹12.43 lakh crore. The m-cap of RIL is over ₹18.85 lakh crore, while that of TCS is around ₹12.94 lakh crore. With a market value of over $151 billion, HDFC Bank is now the world’s seventh largest lender.

17.07 / 02:29

UPS DOW COMPOSITE NIFTY KOSPI Indian Gift Nifty, Asian shares, cautious Fed to corporate results, among key global cues for Indian stock markets

US Federal Reserve continued to sound cautious, with Governor Christopher Waller Thursday saying that he expected two more rate hikes this year to bring inflation down to the 2% goal, though more good data on prices could obviate the need for the second hike. Also Read: Q1 earnings, global cues & more: Key triggers for stock markets this week Japanese markets are closed for a holiday. China's Shanghai Composite Index declined 0.58% to 3,219.02, while the Shenzhen Composite Index dropped 0.34% to 2,051.13. South Korea’s Kospi dipped 0.43%, while Hong Kong’s Hang Seng index futures were trading around 100 points lower at 19,319.

14.07 / 21:11

UPS DOW Citigroup UBS week Stock market today: Dow wraps up best week since March as earnings season begins

Investing.com — The Dow closed higher Friday, wrapping up its best weekly gain since March as Wall Street banks lifted the curtain on the quarterly earnings season, with mostly better-than-expected results.

14.07 / 21:11

UPS JPMorgan week U.S. bank deposits rise, lending falls in latest week: Fed

Invesitng.com — Bank deposits rose, but lending fell in the week ended July.5, the latest data from the Fed showed.

14.07 / 19:31

UPS NASDAQ DOW JPMorgan Citigroup 500 S&P 500 off highs on Citigroup slip as major Wall Street banks kick off earnings

Investing.com — The S&P 500 gave gains Friday as financials were hurt by a slip in Citigroup as the Wall Street bank failed to replicate the better-than-expected quarterly results delivered by rivals JPMorgan and Wells Fargo .

14.07 / 17:35

UPS Provident CEO Rising assets, rates stabilize wealth management at Wells Fargo

The rising stock market is a boon to wealth management businesses, and Wells Fargo & Co. reported a 9% increase in total client assets at the end of June, to almost $2 trillion, when compared to the same period a year earlier.

14.07 / 17:27

UPS JPMorgan Airlines Chase JetBlue UnitedHealth Stocks making the biggest moves midday: UnitedHealth, JPMorgan Chase, Microsoft, JetBlue and more

Check out the companies making headlines in midday trading.

14.07 / 17:27

COST UPS CEO JPMorgan Chase Dimon says private equity giants are 'dancing in the streets' over tougher bank rules

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14.07 / 17:15

Microsoft JPMorgan BlackRock UBS AT&T Nokia Midday movers: JPMorgan, AT&T, Nokia and more

Investing.com — U.S. stocks rose on Friday, ending a strong week on a positive note following healthy results from some of the country’s leading banks and a stronger-than-expected reading on consumer sentiment for July.

14.07 / 16:21

COST UPS CEO JPMorgan Chase JPMorgan, Wells Fargo prepare for losses on office loans

JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from commercial real estate loans, in the latest sign that stress is building up in the sector. Lenders' exposure to commercial real estate has come under growing scrutiny this year, as the sector globally — particularly office buildings — has been pressured by high interest rates and workers continuing to stay at home. Wells Fargo reported higher losses in CRE due to its office loan portfolio.

14.07 / 15:37

Citi Lowe's FIVE Digital CEO Strategy Citigroup Why Citigroup's shift to wealth management is a risky bet

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14.07 / 15:19

UPS Microsoft NASDAQ DOW Bank earnings U.S. stocks were rising as strong bank earnings lift Wall Street

Investing.com — U.S. stocks were rising after three big banks reported strong second quarter profits.

14.07 / 15:17

COST UPS JPMorgan Citigroup Chase Wells Fargo shares jump after Q2 results exceed estimates

Wells Fargo & Co. earned more net interest income than analysts expected in the second quarter and lifted its guidance for the full year as big U.S. banks continue to benefit from the Federal Reserve’s rate hikes.

14.07 / 13:49

NASDAQ DOW JPMorgan Chase Bank earnings open Strong big bank earnings lift Wall Street at open

(Reuters) — Wall Street's main indexes opened higher on Friday after three of the country's top lenders including JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC) commenced second-quarter earnings for big U.S. banks on a strong note.

14.07 / 12:47

Citi Microsoft JPMorgan coinbase UBS AT&T Stocks making the biggest moves premarket: AT&T, Microsoft, JPMorgan, Citi and more

Check out the companies making headlines in premarket trading.

14.07 / 12:05

UPS JPMorgan Citigroup Chase BlackRock US stock market earnings season officially begins today

Beginning on July 14, when JPMorgan Chase, Citigroup, and Wells Fargo announce their quarterly report, the earnings season officially begins. According to market experts, the big lenders results may disappoint and end up below expectations. This reporting season is expected to reflect a worsening of the sector’s outlook and damage bank stocks.

14.07 / 11:07

Provident Target Progressive JPMorgan AT&T analyst 4 big analyst cuts: AT&T slashed to Neutral, Progressive downgraded after Q2 miss

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at AT&T, Progressive, Alcoa, and SoFi Technologies.

14.07 / 11:07

Wells Fargo rises 3% on solid Q2 earnings

Wells Fargo (NYSE:WFC) shares jumped 3% in pre-market Friday after the company reported better-than-expected Q2 numbers.

14.07 / 11:07

UPS Microsoft NASDAQ DOW JPMorgan Chase Bank earnings Deal Activision Bank earnings, Microsoft-Activision deal latest - what's moving markets

Investing.com — Major U.S. banks begin to deliver their second-quarter earnings reports, with investors keen to see how they have managed to weather the turmoil in the sector earlier this year. Elsewhere, U.S. regulators continue their legal push to temporarily halt the massive tie-up between Microsoft and Activision Blizzard, while Hollywood actors go on strike.

14.07 / 10:57

Target JPMorgan Citigroup Chase week Equities have performed their best since March this week

A rally in global stocks paused on Friday, though still on track for the best week since March, as earnings season in Europe and the US started to swing into gear.

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