Tag Archives: Wells Fargo & Co

[ad_1] New York CNN  —  JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless a little disappointed at first. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase …

[ad_1] New York CNN  —  Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on serving bank customers and minority homebuyers instead of acquiring new customers. Wells …

[ad_1] CNBC’s Jim Cramer on Tuesday named three financial stocks he believes are worth buying. Stocks closed higher on Tuesday, snapping a four-day losing streak that had been driven in part by Wall Street’s fears that the Federal Reserve’s interest rate increases could tip the economy into a recession next …

[ad_1] Netflix could have a strong 2023 thanks to its newly implemented ad-supported video tier, Wells Fargo said Friday. Analyst Steven Cahall upgraded the streaming giant to overweight from equal weight. He also hiked his price target on the stock to $400 per share from $300. The new target implies …

[ad_1] CNBC’s Jim Cramer on Wednesday told investors that they should take gloomy economic commentary from bank executives with a grain of salt.  “Don’t panic the next time you hear one of these bank CEOs say something terrifying — they don’t know the impact of their words,” he said, adding, …

[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed Chair Powell to speak Defensive growth stocks Alphabet’s high costs 1. Fed Chair Powell to speak Stocks were mixed Wednesday ahead of a …

[ad_1] Whether consumers are looking to save or are hunting for a buried treasure, the resale business is booming. During the Covid pandemic, secondhand stores such as eBay, the RealReal and ThredUp thrived online. So-called recommerce grew nearly 15% in 2021 — twice as fast as the broader retail market and …

[ad_1] Inflation is weighing heavily on the holidays this year. Roughly half of shoppers will buy fewer things due to higher prices, and more than one-third said they will rely on coupons to cut down on the cost, according to a recent survey of more than 1,000 adults by RetailMeNot. …

[ad_1] CNBC’s Jim Cramer said he anticipates a near-term rally in energy stocks if Republican candidates perform well in Tuesday’s midterm elections and win a majority in at least one chamber of Congress. Oil and gas companies should be among the “biggest winners” if that were to happen, Cramer said …

[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments: Dow is higher to start the week Midterm elections in focus Apple production woes, Costco downgrade 1. Dow is higher to start the week The …