CNBC Daily Open: Big Bank earnings signal downbeat quarter
Publishing timestamp: 2024-01-14 19:02:16
Summary
Four of Wall Street's big banks reported earnings, with JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo all experiencing various challenges. There was an unexpected decline in wholesale prices, indicating a potential decline in inflation. European stocks ended higher, but Burberry shares fell after a profit warning. Taiwan's presidential election was won by a China skeptic, and Warren Buffett stated that he will not invest in airline stocks again.
Sentiment: MIXED
Tickers: GOOGL, .DJI, JPM, BRBY-GB, .SPX, .STOXX, WFC, BAC, C, .IXIC,
Keywords: inflation, alphabet inc, markets, stoxx 600, citigroup inc, jamie dimon, prices, bank of america corp, united states, consumer prices, s&p 500 index, burberry group plc, business news, wells fargo & co, jpmorgan drn, nasdaq composite, banks, dow jones industrial average, world markets, breaking news: markets,
Source: https://www.cnbc.com/2024/01/15/stock-markets-earnings-dont-start-until-the-big-banks-report.html