Nasdaq hits record; bank earnings validate Wall St. rally
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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
FBR Capital Reiterates Market Perfrm on Wells Fargo (WFC) Following 4Q Miss
January 17, 2017 7:21 AM ESTFBR Capital reiterated a Market Perform rating and $55.00 price target on Wells Fargo (NYSE: WFC) following the company's 4Q earnings report. WFC reported EPS of $0.96, missing FBR's estimate of $1.01 and the Street estimate of $1.00. The miss was largely driven by non-interest revenue dipping 11.5% quarter over quarter. As a result, the efficiency ratio spiked to 61.2%, up 180 bps from the third quarter.
Analyst Paul... More
FBR Capital Remains Bullish on JPMorgan (JPM) Following 4Q EPS Beat
January 17, 2017 6:59 AM ESTFBR Capital reiterated an Outperform rating and $100.00 price target on JPMorgan (NYSE: JPM) following the company's 4Q earnings report. JPM reported EPS of $1.71, well ahead of the Street estimate of $1.42. The beat was primarily due to lower provision expenses given a reserve release in the consumer banking segment, as well as... More
