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May 3, 2021

Wells Fargo & Co

Berkshire’s annual meeting is Saturday with Buffett and Munger together again, shares at a record

CNBC
CNBC – For more and to sign up click here Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder......

After Chauvin verdict, business leaders speak out saying fight for racial justice must continue

CNBC
CNBC – For more and to sign up click here People raise their fists and hold a portrait of George Floyd during a rally following the guilty verdict the trial of Derek Chauvin on April 20, 2021, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty Images In tweets, corporate......

Cyclical stocks are driving the market to new highs while momentum plays like Tesla and Zoom are stalling, Cramer says

CNBC
CNBC – For more and to sign up click here The same high-flying stocks that drew investors to the stock market last year have left the newcomers out in the cold, CNBC’s Jim Cramer said Monday. “The house of pleasure has walls made of traditional stocks that hold up under......

Morgan Stanley is set to report first-quarter earnings – here’s what the Street expects

CNBC
CNBC – For more and to sign up click here James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report first-quarter earnings before......

Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

CNBC
CNBC – For more and to sign up click here Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer,......

Citigroup is set to report first-quarter earnings — here’s what the Street expects

CNBC
CNBC – For more and to sign up click here Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report......

Bank of America tops estimates on Wall Street trading and banking, release of loan-loss reserves

CNBC
CNBC – For more and to sign up click here Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported on Thursday profit that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan loss reserves as fewer......

Banks’ biggest concern could also be an investor opportunity: Miller Tabak

CNBC
CNBC – For more and to sign up click here Big bank earnings are underway. Wells Fargo, Goldman Sachs and JPMorgan all beat earnings estimates Wednesday morning. This comes ahead of reports from Citi and Bank of America before the bell Thursday. Matt Maley, chief market strategist at Miller Tabak,......

Stock futures are flat ahead of earnings season kickoff

CNBC
CNBC – For more and to sign up click here U.S. stock futures were flat in overnight trading on Tuesday ahead of the first batch of corporate earnings. Dow futures fell just 10 points. S&P 500 futures gained 0.03% and Nasdaq 100 futures dipped 0.02%. On Tuesday, the S&P 500......

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

CNBC
CNBC – For more and to sign up click here 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......

Earning season is about to get underway and that could be a positive catalyst for stocks

CNBC
CNBC – For more and to sign up click here A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters The earnings reporting season gets underway in the week ahead, and it is expected......

Small businesses have 2 more months to apply for forgivable PPP loans. Here’s what you need to know

CNBC
CNBC – For more and to sign up click here A small business owner in Chinatown, San Francisco Source: CNBC The Senate on Thursday passed the PPP Extension Act of 2021 with overwhelming support, extending the deadline for the Paycheck Protection Program to May 31 from March 31. Passage of......

His was 4 months behind on his rent. Why his landlord never mentioned eviction

CNBC Real Estate
Victor Washington fell behind on his rent during the pandemic. He and his landlord, Andrea Sorum, joined forces to keep him in his home. Source: Andrea Sorum At one point in the pandemic, Victor Washington was nearly four months behind on his rent. The problems began soon after he moved......

Cramer’s week ahead: The bond market is dictating stock trading

CNBC
CNBC – For more and to sign up click here Tech stocks climbed Friday to end the week on a high note, but CNBC’s Jim Cramer expects more downside in the tech cohort as investors continue to rotate out of high-growth names. “Like it or not, stocks are joined at......

Younger women are more likely to be primary income earners than in previous generations

CNBC
CNBC – For more and to sign up click here Among those earning over $100,000, nearly 1 in 3 millennial and Gen X women report being the primary income earner or contributing the largest share of the household finances. Only about 20% of women in previous generations carried their families......

Shares of Oscar Health dip in NYSE market debut, begins trading at $36 per share

CNBC
CNBC – For more and to sign up click here The New York Stock Exchange welcomes Oscar Health, Inc. (NYSE: OSCR), today, Wednesday, March 3, 2021, as they celebrate its IPO. NYSE Shares of Oscar Health dipped 8% in its initial public offering Wednesday on the New York Stock Exchange.......

Stocks making the biggest moves premarket: Home Depot, Palo Alto Networks, Shopify, AMC & more

CNBC
CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer beat quarterly estimates by 3 cents with earnings of $2.65 per share. Revenue came in above estimates as well. Comparable store sales jumped 24.5%......

Wells Fargo shares jump after Fed reportedly approves bank’s overhaul plan

CNBC
CNBC – For more and to sign up click here A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo shares popped Wednesday after the Federal Reserve......

Stocks making the biggest moves in the premarket: Chevron, Verizon, Vir Biotechnology & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator reported a quarterly loss of 10 cents per share, surprising analysts who had expected a profit of 4 cents per share.......

Robinhood lobbying targets legislation that could hurt its business model

CNBC
CNBC – For more and to sign up click here Pavlo Gonchar | LightRocket | Getty Images Robinhood is preparing a lobbying effort on key pieces of legislation that if passed, could weigh on its business model. The stock trading start-up registered its in-house team to begin lobbying on Feb.......

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