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Wells Fargo & Co

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  • *Fourth-qtr net income $4.38/ shr vs. est. Jan 16- Goldman Sachs Group Inc reported a 7 percent drop in fourth-quarter profit as an unexpected bout of market volatility in December hit its bond-trading business. Overall, FICC revenue fell 29 percent to $1.22 billion in the quarter, mainly due to low levels of activity in debt products and mortgages, partially offset...

  • Jan 16- Goldman Sachs Group Inc reported a 7 percent drop in quarterly profit as investment banking revenue slid and an unexpected bout of market volatility in December hit revenue in its business that trades bonds, currencies and commodities. Goldman's net income fell to $2.17 billion, or $4.38 per share, in the fourth quarter from $2.33 billion, or 4.60 per...

  • Final Glance: Banks companies Thursday, 15 Jan 2015 | 6:08 PM ET

    Bank of America Corp. fell$. 84 or 5.2 percent, to $15.20. Citigroup Inc. fell $1.82 or 3.7 percent, to $47.23. JPMorgan Chase fell $1.82 or 3.2 percent, to $54.99.

  • Energy stocks: Buy low or get out of the way? Thursday, 15 Jan 2015 | 4:37 PM ET

    NEW YORK— Bargain hunting can be a thrill, but remember that it can also be dangerous. After hitting a peak around $107 a barrel in June, the price has dropped by more than half and settled Thursday at $46.25. Supplies are more plentiful due to increased U.S. production, while weak economies in Europe and elsewhere are pulling down on demand.

  • BofA, Citi miss forecasts as trading struggles Thursday, 15 Jan 2015 | 3:17 PM ET

    Bank of America and Citigroup reported disappointing results Thursday, hit by lower trading revenues and more legal expenses. Like JPMorgan Chase, Citigroup and Bank of America saw drops in their fixed-income trading revenue as client trading activity slowed. Citi said revenue in that part of its business fell to $2 billion in the period, a drop of 16 percent...

  • Most active New York Stock Exchange-traded stocks Thursday, 15 Jan 2015 | 1:59 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alcoa Inc. rose. 1 percent to $14.97 with 26,064,400 shares traded. Bank of America Corp. fell 5.2 percent to $15.20 with 176,727,500 shares traded.

  • Midday Glance: Banks companies Thursday, 15 Jan 2015 | 1:59 PM ET

    Bank of America Corp. fell$. 67 or 4.2 percent, to $15.37. Citigroup Inc. fell $1.90 or 3.9 percent, to $47.15. Goldman Sachs fell $1.94 or 1.1 percent, to $178.29.

  • Europe ends sharply higher; Swiss stocks slide Thursday, 15 Jan 2015 | 11:30 AM ET

    European equities rallied after a volatile session of trade on Thursday to close sharply higher, following action from the Swiss National Bank.

  • Early Glance: Banks companies Thursday, 15 Jan 2015 | 11:00 AM ET

    Bank of America Corp. fell$. 47 or 2.9 percent, to $15.58. Citigroup Inc. fell $1.15 or 2.3 percent, to $47.90. Goldman Sachs fell $1.53 or. 8 percent, to $178.70.

  • *Faltering euro zone and China, disinflation biggest risks. BENGALURU, Jan 15- Global economic growth will be modest at best in the coming year as weak inflation persists, Reuters polls showed on Thursday, while a faltering euro zone and China could restrain it further. Economists polled over the past week by Reuters say the biggest risk to the global economy this...

  • Cramer Remix: Coke, Pepsi or Monster? Wednesday, 14 Jan 2015 | 7:10 PM ET

    Some say pop is losing its fizz, but "Mad Money" host Jim Cramer sees some serious opportunity in the soda aisle.

  • Cramer's Monster Beverage battle—bull or a bear? Wednesday, 14 Jan 2015 | 6:32 PM ET
    A variety of Monster Energy drinks are shown in Washington.

    Analysts are battling over Monster Beverage, so Jim Cramer takes a deep dive to find out if it's a bull or a bear.

  • Is JPMorgan better off with a split-up?  Wednesday, 14 Jan 2015 | 5:37 PM ET

    Fred Cannon, Director of Research & Chief Equity Strategist of Keefe, Bruyette & Woods, discusses whether a split of J.P. Morgan's main businesses will help the lender address concerns related to new capital rules.

  • *World Bank cuts global growth forecasts. NEW YORK, Jan 14- U.S. stocks fell for a fourth day on Wednesday as a World Bank forecast fueled concerns about global economic weakness and copper prices sank, although a late-day rebound in energy shares left the market well off its lows after a volatile session. The price of copper, a key industrial metal, touched its lowest...

  • Stocks fall; Dow's longest loss streak in 3 months Wednesday, 14 Jan 2015 | 4:28 PM ET
    Traders on the floor of the New York Stock Exchange.

    Stocks fell Wednesday as a thrashing of commodities increased worry about the world economy.

  • Wells Fargo CFO: Very bullish quarter  Wednesday, 14 Jan 2015 | 3:19 PM ET
    A Wells Fargo branch in New York City.

    Discussing the landscape for mortgages and the banks outlook on oil and interest rates, with John Shrewsberry, Wells Fargo CFO.

  • NEW YORK, Jan 14- Wells Fargo& Co, one of the biggest lenders to U.S. energy companies, is reviewing each of its loans to the sector in the wake of oil prices tumbling 60 percent since last summer, executives said Wednesday. The bank did not think its energy loan portfolio was at risk enough to justify setting aside any money in the fourth quarter to cover possible...

  • *World Bank cuts global growth forecasts. *Freeport McMoRan drops on copper weakness. Stocks were still on track for a fourth day of losses, however, after a World Bank forecast sparked concerns about global economic growth and U.S. retail sales for December came in weaker than expected.

  • *World Bank cuts global growth forecasts. NEW YORK, Jan 14- U.S. stocks fell on Wednesday, on track for a fourth day of losses, as a World Bank forecast sparked concerns about weak economies and December U.S. retail sales missed expectations. Copper touched its lowest since July 2009 and was last down 6.2 percent at $5,497 a tonne after the World Bank cut its growth...

  • Midday movers: Freeport-McMoRan, BP, Netflix & more Wednesday, 14 Jan 2015 | 1:06 PM ET

    Some of Wednesday's midday movers: