Bank Stocks Hit Speed Bump: JPMorgan, Wells Fargo, BofA Each Slide Over 2%
Major bank stocks gave back gains Wednesday as JPMorgan, Bank of America, and Wells Fargo each fell more than 2%. The pullback comes after a blistering start to 2026.
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Major bank stocks gave back gains Wednesday as JPMorgan, Bank of America, and Wells Fargo each fell more than 2%. The pullback comes after a blistering start to 2026.
Constellation Brands reports fiscal Q3 2026 earnings with strong beer performance from Modelo and Corona offset by continued weakness in wine and spirits segment.
WTI crude falls below $57 per barrel as Venezuela oil transfers and potential Ukraine peace deal raise the specter of a major supply glut in 2026.
Strategy (MSTR) shares jumped after MSCI announced it will not immediately exclude digital asset treasury companies from its indexes, averting potential forced selling of $15 billion.
The S&P 500 Equal Weight Index is outperforming its cap-weighted counterpart as market breadth expands beyond the Magnificent Seven in early 2026.
Goldman Sachs stock reached an all-time high of $920 on January 6, 2026, as the financial sector led what analysts are calling the 'Great Rotation' from tech to banks.
The Trump administration has secured an exemption for U.S.-headquartered companies from the OECD's global minimum tax, reversing a key Biden-era policy initiative.
The healthcare sector rose 1.6% on Tuesday to lead all S&P 500 sectors, signaling a defensive rotation as investors prepare for critical economic data this week.
Energy Transfer announces $5 billion to $5.5 billion in growth capital expenditures for 2026, targeting natural gas infrastructure expansion with mid-teens returns.
President Trump is expected to announce his Federal Reserve chair nominee by the end of January, with Kevin Hassett, Kevin Warsh, and three others on the shortlist.
JPMorgan Chase kicks off Q4 earnings season next week. Here's what investors should watch for as the banking giant sets the tone for financial markets.
Onyx Partners fails to close on JCPenney's $947 million property deal, leaving 119 store locations in uncertainty. The retailer closed 8 stores in 2025 with more closures planned.