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Wells Fargo & Co

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  • *JPMorgan dips, Citigroup climbs after results. "It was disappointing to see the gains we've had over nine months dissipate so quickly," said Larry Peruzzi, senior equity trader at Cabrera Capital Markets Inc in Boston. Early third-quarter earnings reports have been mixed, but Citigroup, up 2.7 percent at $51.26, was among the top boosts to the benchmark S&P index...

  • Midday Glance: Banks companies Tuesday, 14 Oct 2014 | 1:42 PM ET

    Bank of America Corp. rose$. 14 or. 8 percent, to $16.54. Citigroup Inc. rose $1.43 or 2.9 percent, to $51.33. Goldman Sachs rose $1.62 or. 9 percent, to $180.39.

  • Most active New York Stock Exchange-traded stocks Tuesday, 14 Oct 2014 | 1:42 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. fell 4.4 percent to $2.62 with 39,232,900 shares traded. Alcoa Inc. fell 1.4 percent to $14.29 with 35,871,800 shares traded.

  • *JPMorgan falls, Citigroup climbs after results. "In an environment that is oversold to begin with, it doesn't take much to effectuate a shift in market," said Art Hogan, chief market strategist at Wunderlich Securities in New York. Citigroup, up 2.7 percent to $51.26, was among the top boosts to the benchmark S&P index after the bank posted better-than-expected...

  • Oct 14- Citigroup Inc said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs. Expenses in Citigroup's main businesses rose 11 percent in the third quarter, while revenue rose 8 percent, underscoring the work the bank still has to do to contain...

  • Why JPMorgan Chase earnings came out early Tuesday, 14 Oct 2014 | 12:19 PM ET

    JPMorgan Chase surprised Wall Street when the bank's third-quarter earnings report appeared several hours earlier than expected.

  • Bank CEOs see US economy improving Tuesday, 14 Oct 2014 | 11:29 AM ET
    Jamie Dimon and John Stumpf

    Weakness in stocks is distracting from economic tailwinds: lower oil prices, a better U.S. economy, and high cash levels at U.S. corporations.

  • *JPMorgan falls, Citigroup climbs after results. Citigroup, up 3.2 percent to $51.48, was among the top boosts to the benchmark S&P index after the bank posted better-than-expected quarterly results and said it would pull out of consumer banking in 11 markets. But JPMorgan Chase shares lost 1.1 percent to $57.54, after the biggest U.S. bank posted third-quarter...

  • Early Glance: Banks companies Tuesday, 14 Oct 2014 | 10:27 AM ET

    Bank of America Corp. rose$. 06 or. 4 percent, to $16.46. Citigroup Inc. rose $1.38 or 2.8 percent, to $51.28. Goldman Sachs rose $1.15 or. 6 percent, to $179.92.

  • *JPMorgan falls, Citigroup climbs after results. Citigroup, up 3.2 percent to $51.48, was the biggest boost to the benchmark S&P index after the bank posted better-than-expected quarterly results and said it would pull out of consumer banking in 11 markets. But JPMorgan Chase shares lost 0.9 percent to $57.61, after the biggest U.S. bank posted third-quarter...

  • Oct 14- Citigroup Inc said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the most international U.S. bank focuses on more profitable businesses. Citigroup, which reported a better-than-expected 13 percent rise in adjusted third-quarter net profit, is returning to an earlier structure of concentrating its extensive global...

  • Wells Fargo profit up as mortgage business steadies Tuesday, 14 Oct 2014 | 9:21 AM ET
    A Wells Fargo bank branch in New York City.

    Wells Fargo reported quarterly earnings and revenue that were in line with analysts' expectations on Tuesday.

  • Citigroup to exit retail banking in 11 markets Tuesday, 14 Oct 2014 | 9:17 AM ET

    NEW YORK— Citigroup customers across Central America and parts of Eastern Europe will be looking for a new place to bank next year. Citigroup said Tuesday that it will bow out of the retail banking business in 11 markets, part of its ongoing effort since the financial crisis to restructure and slim down. Citi said the impact would primarily be smaller countries in...

  • *Citigroup, Johnson& Johnson climb after earnings. JPMorgan Chase shares lost 1.8 percent to $57.13 in premarket, after the biggest U.S. bank posted third-quarter earnings. Fellow banks Citigroup gained 2.2 percent to $51 while Wells Fargo declined 1.2 percent to $49.59 after posting quarterly results.

  • JPMorgan posts profit as legal costs ease Tuesday, 14 Oct 2014 | 8:57 AM ET
    A JPMorgan sign outside the firm's Los Angeles, California offices.

    JPMorgan reported a third-quarter profit, as it moved past huge legal claims that caused it to book a rare loss in the same quarter last year.

  • Oct 14- Wells Fargo& Co, the fourth largest U.S. bank, reported a 1.7 percent rise in third-quarter profit on Tuesday as its mortgage business stabilized. Mortgage lending rose by $1 billion from the second quarter to $48 billion, though new home loans were 40 percent below the level in the third quarter of 2013. Income from mortgage banking rose 2 percent to $1.63...

  • Wall Street turns higher as banks report earnings Tuesday, 14 Oct 2014 | 8:27 AM ET

    U.S. futures turned higher Tuesday as U.S. banks began reporting earnings.

  • Early movers: Costco, Lowe's, Domino's & more Tuesday, 14 Oct 2014 | 8:11 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE).

    Take a look at some of Tuesday's midday movers:

  • Can banks, tech earnings halt Wall Street's carnage? Tuesday, 14 Oct 2014 | 8:10 AM ET
    Traders on the floor of the New York Stock Exchange.

    Earnings from major banks and tech companies can't come soon enough for investors hoping to avoid more losses.

  • Wells Fargo meets 3Q profit forecasts Tuesday, 14 Oct 2014 | 8:06 AM ET

    SAN FRANCISCO— Wells Fargo& Co. on Tuesday reported third-quarter profit of $5.41 billion. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.02 per share. Analysts expected $20.95 billion, according to Zacks.