Wells Fargo upgraded Charles Schwab (NYSE:SCHW) to Overweight from Equalweight after analyst Michael C. Brown sees the bear case weakening as major key production indicators inflect to the positive.
Banks such as JPMorgan, Citi, and Goldman Sachs started the earnings season off on a positive note when all beat expectations on the top and bottom lines.
Stocks are also seeing support as the 10-year T-note yield slid to a 2-1/2 week low. Falling inflation expectations boosted T-note prices today after crude prices tumbled to a 1-week low when ...
Morgan Stanley posts Q4 adjusted EPS of $2.22, exceeding estimates. Sales climb 26% to $16.22 billion as net earnings hit $3.7 billion. Wealth Management shines.