Wall Street ends flat but futures slip after Turkey coup reports
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StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Fitch Positive on Wells Fargo (WFC) Following Q2 Report; Ratings Affirmed
July 15, 2016 2:43 PM EDTWells Fargo & Company (NYSE: WFC) reported $5.6 billion in net income, higher on linked-quarter basis, resulting in a return on assets (ROA) of 1.20%, and a return on equity (ROE) of 11.7%. Earnings reflected continued growth in spread income, stable credit costs, and lower noninterest expenses, according to Fitch Ratings. The quarter also included a $290 million gain on the sale of the health benefit services business, as part of the company's strategy to reduce non-core businesses, simplify the organization, and improve the risk profile. This follows last quarter's gain of $381 million on the sale of the crop insurance... More
