Following Mr. Market's disappointment with JPMorgan's (JPM) and Wells Fargo's (WFC) earnings numbers all eyes will be on Citigroup's (C) Monday-morning report. Other names to watch this coming week as we work through earnings season are Goldman Sachs (GS) and IBM (IBM) on Tuesday American Express (AXP) and Qualcomm (QCOM) on Wednesday Bank of America (BAC) on Thursday and General Electric (GE) on Friday.
Light trading may have worked to the advantage of the markets today as the Dow finished 112 points higher and Nasdaq 20 points upward as banks helped lead the way. Wells Fargo (WFC:NYSE) was up almost 7 percent, JPMorgan (JPM:NYSE) ... Read Post
It's possible that if Wells Fargo (WFC) hadn't tried to play the role of hero when it outbid Citigroup (C) for Wachovia last year, then it would be more like JPMorgan (JPM), and less like BofA (BAC) in terms of getting out of TARP. ... Read Post