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Wells Fargo earnings top estimates on $1.05 billion release of loan loss reserves

Wells Fargo earnings top estimates on $1.05 billion release of loan loss reserves
Wells Fargo CEO Charles Scharf listens during the Milken Institute Global Conference in Beverly Hills, Calif., on April 30, 2019. Kyle Grillot | Bloomberg | Getty Images Wells Fargo reported earnings and revenue that beat expectations for its first-quarter on Wednesday. Here's how the results stacked up...

High valuations and Covid risks put market in fragile position ahead of Q1 earnings, PNC warns

High valuations and Covid risks put market in fragile position ahead of Q1 earnings, PNC warns
PNC Financial's Amanda Agati is warning investors the market is in a fragile place on the eve of earnings season because of high valuations and serious risks associated with the Covid pandemic. "I'm not necessarily convinced that Q1 earnings season is really going to be...

Earnings season should boost hot financial stocks, RBC’s top bank analyst predicts

Earnings season should boost hot financial stocks, RBC's top bank analyst predicts
One of the year's hottest trades may get a boost from earnings season. RBC Capital Markets' Gerard Cassidy expects financials to exceed Wall Street expectations when they start reporting this week. "The big beats are likely to come from the loan loss reserve releasing numbers," the...

Stocks making the biggest moves in the premarket: Levi Strauss, WD-40, fuboTV & more

Stocks making the biggest moves in the premarket: Levi Strauss, WD-40, fuboTV & more
Take a look at some of the biggest movers in the premarket: Levi Strauss (LEVI) – Levi Strauss reported quarterly profit of 34 cents per share for its latest quarter, 9 cents a share above consensus. Revenue also came in above Wall Street forecasts with...

Stocks making the biggest moves in the premarket: GameStop, Box, WW International & more

Stocks making the biggest moves in the premarket: GameStop, Box, WW International & more
Take a look at some of the biggest movers in the premarket: GameStop (GME) – The video game retailer said board member and Chewy co-founder Ryan Cohen would become chairman of the board of directors following its annual meeting. GameStop gained 2.2% in premarket trading. Box...

Stocks making the biggest moves in the premarket: Beyond Meat, Nokia, Li Auto & more

Stocks making the biggest moves in the premarket: Beyond Meat, Nokia, Li Auto & more
Take a look at some of the biggest movers in the premarket: Beyond Meat (BYND) – Beyond Meat announced the opening of a new manufacturing facility in China, its first outside the United States. The plant-based food company said the new factory would news24nationificantly increase...

Stocks making the biggest moves in the premarket: Illumina, Cara Therapeutics, Snap & more

Stocks making the biggest moves in the premarket: Illumina, Cara Therapeutics, Snap & more
Take a look at some of the biggest movers in the premarket: Illumina (ILMN) – Illumina issued preliminary current-quarter and full-year guidance that exceeded current analyst estimates. The life sciences company said its projected results are being driven by record orders in its gene-sequencing and...

The Fed could come under fire for easy policy while the economy soars and inflation rises

The Fed could be a source of market volatility as Powell and others speak in the week ahead
Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters As the economy booms over the next couple of months, the...

‘Beat the S&P handily’ by owning equal portions of cyclicals and growth, top strategist Art Hogan says

'Beat the S&P handily' by owning equal portions of cyclicals and growth, top strategist Art Hogan says
Investors may want to avoid playing favorites. Art Hogan of National Securities said Monday that owning equal amounts of growth and cyclical stocks will produce major advantages as stocks break out. "Nothing is going to be binary this year," the firm's chief market strategist told CNBC's...