Markets

US stocks slide as disappointing bank earnings prompt end-of-week sell-off

US stocks sank on Friday as investors digested disappointing bank earnings and a December slump in retail sales. Retail sales shrank 0.7% in December as COVID-19 lockdowns cut into holiday-season spending, according to Census Bureau data published Friday. Economists expected sales to hold flat from November. Less-than-stellar earnings reports from […]
US stocks slide as disappointing bank earnings prompt end-of-week sell-off
Markets

The top 5 women who could run Wells Fargo

Wells Fargo has embarked on a search for a new CEO, focusing only on external candidates. The bank reported disappointing guidance in its first quarter results, heightening need to replace Sloan. Markets Insider has compiled a list of the top women in the financial industry who are qualified for the […]
The top 5 women who could run Wells Fargo
Markets

Wells Fargo earnings top estimates

Wells Fargo beat earnings expectations for the first quarter. Shares were little changed ahead of Friday’s opening bell. The embattled lender is expected to give an update on its CEO search later today. Watch Wells Fargo trade live. Wells Fargo announced first-quarter results on Friday morning that topped Wall Street’s […]
Wells Fargo earnings top estimates