Why JPMorgan Chase, Bank of America, and Wells Fargo Are Trading Higher
Shares of JPMorgan Chase ( JPM 4.60%) and Bank of America ( BAC 4.90%), the two largest banks in the country, traded roughly 4.2% and nearly 5% higher, respectively. Shares of Wells Fargo ( WFC 5.80%) traded nearly 6% higher.
Wall Street's benchmark S&P 500 index (SP500) on Friday crossed the 5,800 points mark in a historic first, as U.S. stocks ...
Stocks traded higher Friday after Wall Street cheered quarterly earnings from some of the biggest U.S. banks, and inflation ...
Profits at JPMorgan and Wells Fargo both fell from the year-ago period, but those declines were less than what analysts ...
Both banks reported an uptick in home lending from the second to third quarters, but executives expressed caution due to ...
So far, banks reporting earnings results are not seeing any major cracks in consumer health. JPMorgan Chase’s net charge-off rate for credit cards rose to 3.24% in the third quarter from 2.49% a year ...
Major U.S. indexes climbed to fresh highs Friday after strong earnings reports from big banks and a lower-than-expected ...
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