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February 21, 2020
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Bank stocks took worst hit on Apple’s coronavirus warning

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CNBC – For more and to sign up click here The bank stocks ironically got the shortest end of the stick on Apple‘s coronavirus warning that rattled Wall Street, CNBC’s Jim Cramer said Tuesday. The stocks of J.P. Morgan Chase and Citigroup declined more than 1%, one day after the......
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Why wealthy investors are increasingly bullish on economy to start 2020

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CNBC – For more and to sign up click here A man runs past the New York Stock Exchange (NYSE). Bloomberg There already have been six new all-time highs for stocks in the 12 trading days of 2020, putting the S&P 500 up close to 3% since the year started.......
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As stocks hit more more records, there are signs traders may be getting way too euphoric

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CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Wall Street may be getting a bit too excited about the stock market’s hot start to the new year. The S&P 500 has already jumped......
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Morgan Stanley Earnings Q4 2019 beat estimates

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CNBC – For more and to sign up click here James Gorman David A. Grogan | CNBC Morgan Stanley posted profit and revenue that exceeded analysts’ expectations. The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts......
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Bank of America (BAC) earnings Q4 2019

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CNBC – For more and to sign up click here Bank of America posted profit that exceeded analysts’ expectations on a rebound in trading revenue and as the company repurchased shares. The bank on Wednesday posted fourth-quarter profit of $7 billion, a 4% decline from a year earlier, or 74......
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JP Morgan, Wells Fargo, Delta, SmileDirectClub

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CNBC – For more and to sign up click here An Airbus A320-212 operated by Delta Airlines takes off from JFK Airport on August 24, 2019 in New York City. Bruce Bennett | Getty Images Check out the companies making headlines in midday trading. J.P. Morgan — Shares of J.P.......
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Citigroup executive Ray McGuire considers running for New York mayor

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CNBC – For more and to sign up click here Ray McGuire, a longtime Citigroup executive, is being encouraged by allies in the business community to run for mayor of New York. McGuire, Vice Chairman of Citigroup and Chairman of Banking, Capital Markets and Advisory, has been asked by other......
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Citigroup earnings beat expectations on 49% fixed-income trading surge

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CNBC – For more and to sign up click here Citigroup reported Tuesday quarterly results that easily beat analyst expectations, driven by strong fixed-income trading revenues along with growing sales from the bank’s consumer business. Here’s what analysts are expecting to see from the banking giant’s results: Earnings: $1.90 per......
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Wells Fargo (WFC) earnings Q4 2019

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CNBC – For more and to sign up click here Wells Fargo on Tuesday said fourth-quarter profits fell as persistent low interest rates and litigation charges weighed on its financial results. Earnings: 93 cents per share versus $1.12 per share forecast by Refinitiv Revenue: $19.86 billion versus $20.14 billion forecast......
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JP Morgan kicks off bank earnings, but all eyes on guidance

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CNBC – For more and to sign up click here Pedestrians walk outside a JPMorgan Chase & Co. Chase bank in Chicago. Daniel Acker | Bloomberg | Getty Images Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the......
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Joe Biden campaign chairman rallies Wall Street donors for fundraising push

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CNBC – For more and to sign up click here Democratic presidential candidate, former Vice President Joe Biden delivers remarks on the Trump administration’s recent actions in Iraq at Current, Chelsea Piers in New York City. Ron Adar | Barcroft Media | Getty Images Joe Biden’s campaign chairman privately met......
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Six themes including China will drive gains

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CNBC – For more and to sign up click here It’ll be an interesting year for exchange-traded funds. ETF industry leaders are watching a handful of themes they see gaining traction in 2020, two such leaders — John Davi, founder and chief investment officer at Astoria Portfolio Advisors, and Armando......
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Wall Street strategists recommend stable dividend-paying investments

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CNBC – For more and to sign up click here Traders work the floor of the New York Stock Exchange on August 23, 2019 in New York. Don Emmert | AFP | Getty Images Stocks may be at record highs, but 2020 has already proven to be a volatile year,......
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Trade deal and earnings season could shape the market’s next moves

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CNBC – For more and to sign up click here Chinese Vice Premier Liu He (C) with United States Trade Representative Robert Lighthizer (R) and Treasury Secretary Steven Mnuchin (L) pose for photos before holding talks at the Xijiao Conference Center in Shanghai on July 31, 2019 Ng Han Guan......
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Dow 29,000, JP Morgan healthcare conference

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CNBC – For more and to sign up click here A trader works on the floor at the closing bell of the New York Stock Exchange, December 30, 2019. Bryan R Smith | Reuters Here’s what you need to know about Monday before you hit the door for the weekend.......
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More companies let you buy now, pay later. Ask if you can afford it

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CNBC – For more and to sign up click here Fstop123 | E+ | Getty Images There are more ways than ever to buy things you shouldn’t. Described as the “new layaway,” companies like Affirm, Quadpay and Afterpay allow consumers to spread out their payments on a purchase over weeks......
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Citigroup names 39 year old ex-McKinsey partner head of retail bank

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CNBC – For more and to sign up click here The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup bank branch in San Francisco. David Paul Morris | Bloomberg | Getty Images Citigroup is making David Chubak its new head of U.S. retail banking......
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Exxon, Axon, Boeing, Nordstrom & more

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Cal-Maine Foods (CALM) – The nation’s largest egg producer posted a quarterly loss of 21 cents per share, compared to consensus estimates of a 3 cents per share profit. Revenue also......
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Big Tech will push deeper into finance this year — but avoid the ‘headache’ of being a bank

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Google and Apple are pushing into consumer banking without taking on the regulatory restraints that come with being a bank. Source link: Click here for more...

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