JeeYeon Park is a writer for CNBC.com.
Wells Fargo reported a record quarterly profit on Wednesday and Edward Najarian, head of bank research at ISI Group, shared his insights on the bank and its earnings results.
Stocks bounced back from a lower open Wednesday, but bank stocks skidded after two of Wall Street's biggest names issued disappointing earnings. Morgan Stanley and Wells Fargo both declined, even though the Wells numbers appeared to beat analyst estimates. Traders appeared to be focusing on the sustainability of the Wells numbers, while Morgan's loss was much broader than expectations. Another heavy earnings calendar will shape the market's day again. Read and listen to what the experts had to say...
Apple is expected to report strong earnings results after the closing bell on Tuesday. Keith Woolcock, co-founder of Cyck Partners shares his insights on the company.
As many companies report better-than-expected second-quarter earnings, investors ask if the economy is finally on its way to a recovery. David Goerz, CIO of Highmark Capital and Ken Shreve, market commentator at Investor’s Business Daily shared their insights.
Southwest posted a quarterly profit on Tuesday, after three straight quarters of losses as lower costs boosted its bottom line. Senior airline analyst Jamie Baker at JPMorgan discussed the company’s earnings and his outlook.
This is nothing but a relief rally in a secular bear market and we’ll be in a secular bear market for another 10 to 15 years, said David Hefty, principal of Cornerstone Wealth Management.
The Dow turned lower in late morning trading as investors continued to digest earnings reports from a slew of top-tier companies. After turning positive mid-morning, the blue-chip average slipped back into negative territory, joining the two other major indexes. An economic report showing an unexpected rise in new housing starts and building permits helped stoke some enthusiasm. Wall Street will attempt to make it a perfect week for the bulls—with the Dow, the S&P 500 and the Nasdaq rising in all four trading days so far this week. Read and listen to what the experts had to say...
The quarterly reports for the big banks were terrible across the board, but stocks are up because the psychology and the method of valuing bank stocks have changed, said Richard Bove, financial strategist at Rochdale Securities.