Stocks soar as America's biggest banks are booming

Several of America's largest financial firms reported strong earnings and revenue Thursday thanks to solid demand for loans, better credit quality and a boom in mergers and initial public offerings.

News: What you need to know about the markets     Stocks soar as America's biggest banks are booming Several of America's largest financial firms reported strong earnings and revenue Thursday thanks to solid demand for loans, better credit quality and a boom in mergers and initial public offerings. Read more »   Biden alone can't end the supply chain crisis The Biden administration is making a concerted effort to ease the extreme stress on supply chains that is causing sticker shock, leaving store shelves empty and creating lengthy shipping delays. Read more »   The 'swear word' at the heart of the great inflation debate Inflation is high. It could stay that way. Read more »   Wells Fargo profit soars nearly 60% Wells Fargo's third-quarter earnings were up 59% after it freed up money it had set aside to cover loan losses. Read more »   Investors want clarity. They might not like what they see US stocks have stumbled lower in recent weeks as investors try to assess the threat posed by snarled supply chains, a global energy crisis and rising inflation that could prompt central banks to pull back stimulus. Read more »   Home heating costs will rise sharply this winter, federal government forecasts Americans should expect to shell out more money to heat their homes this year — especially if it's a very cold winter. Read more »

Dow Nasdaq S&P +534.75   +251.79   +74.46 34,912.56   14,823.43   4,438.26 +1.56%   +1.73%   +1.71% YTD +14.07%   YTD +15.01%   YTD +18.16%

Biggest Winners Carrier Global Corp +4.49%   Bank of America Corp +4.47%   Everest Re Group Ltd +4.39%   Fidelity National Information Services Inc +4.20% Biggest Losers US Bancorp -2.25%   Boeing Co -1.96%   Wells Fargo & Co -1.61%   Howmet Aerospace Inc -1.47%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $81.50 +1.06 / +1.32% Gold $1,797.30 +2.60 / +0.14% 10-yr 1.52% -0.03 Euro $1.16 -0.00 / -0.00%

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