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Wells Fargo Slides After Another Dismal Quarter With Misses Across The Board

As a result of these ugly results, the stock is not happy, sliding over 2%.

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Higher Costs, Weak Revenue Cloud Citi’s Quarterly Profit Beat

Citigroup Inc reported fourth-quarter profit that beat market expectations on Friday, but that failed to impress Wall Street as higher costs and a fall in revenue across its consumer business weighed on the results.

JPMorgan’s Record Profit Comes With Warning That Risk Isn’t Gone

Still, the firm cautioned that uncertainty remains and that it wasn’t reducing the money set aside for credit card losses as it waits to see the impact of fiscal stimulus efforts.

 

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Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.

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