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☆ New York Yankees clinch first World Series berth since 2009
▼ + stars: | 2024-10-20 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +4 min

CNN —The New York Yankees are World Series bound for the first time since 2009 after defeating the Cleveland Guardians 5-2 in extra innings of Game 5 of the AL Championship Series on Saturday. With the victory, the Yankees secured their 41st World Series appearance, marking a return to the Fall Classic after a 15-year absence, when they won their 27th championship. Right now we feel really good.”The Yankees now await the winner of the NLCS between the Los Angeles Dodgers and the New York Mets. The Dodgers hold a 3-2 series lead heading into Game 6 on Sunday in Los Angeles. In the 10th inning, catcher Austin Wells got the Yankees offense going, drawing a full-count walk off Guardians reliever Hunter Gaddis.

Persons: Giancarlo Stanton Giancarlo Stanton, Juan Soto, Soto, ” Soto, ALCS Mary DeCicco, Tanner Bibee, Gleyber Torres, Aaron Judge, Giancarlo Stanton, Stanton, Babe Ruth, Austin Wells, Hunter Gaddis, Alex Verdugo, Brayan Rocchio, Torres, mashing, ” Boone, Soto’s, “ It’s, Luke Weaver, ’, Stephen Vogt, it’s Organizations: CNN, The New York Yankees, Cleveland Guardians, Yankees, Los Angeles Dodgers, New York Mets, Dodgers, New York Yankees, ALCS, Getty, Cleveland, San Diego Padres, Boston Red Sox, ” Locations: Los Angeles . CLEVELAND , OH

☆ New York Yankees are one win away from elusive World Series after holding off resilient Cleveland Guardians in Game 4 of ALCS
▼ + stars: | 2024-10-19 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +5 min

CNN —The New York Yankees are just one victory away from reaching the franchise’s first World Series since 2009. Cleveland Guardians' Steven Kwan runs the bases against the New York Yankees. Fans at Progressive Field watching the Cleveland Guardians game against the New York Yankees on Friday. Nick Cammett/Getty ImagesAfter the game, Cleveland manager Stephen Vogt was asked about the team’s mindset ahead of a must-win game on Saturday. After the game, Yankees slugger Giancarlo Stanton said the team was still focused on the task at hand.

Persons: Juan Soto, Giancarlo Stanton, Emmanuel Clase, Clase, ” Stanton, David Dermer, Gleyber Torres, Soto, Cleveland, Austin Wells, Josh Naylor, Steven Kwan, Aaron Judge, Jazz Chisolm, Stanton, Jason Miller, Brayan Rocchio, Kwan, Jake Cousins, Aaron Boone, Clay Holmes, Holmes, David Fry, José Ramírez, Naylor, Fry, Mark Leiter Jr, Anthony Rizzo, Bo Naylor, Tommy Kahnle, Nick Cammett, Stephen Vogt, That’s, ” Vogt, don’t, ’, ”, “ Organizations: CNN, The New York Yankees, Yanks, Cleveland Guardians, American League, Yankees, ” New York Yankees, USA, Sports, Reuters, Jazz, Progressive, New York Yankees, Cleveland, AL Locations: ”, New York, Cleveland

☆ Smith: Israel is in a war... that could be huge for the energy markets.
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmith: Israel is in a war... that could be huge for the energy markets. Mark Smith, Wells Fargo Advisors SVP, emphasizes "geopolitical risk" as the word of the day, particularly in relation to the upcoming election and its impact on the energy sector.

Persons: Israel, Mark Smith Organizations: Smith, Wells, Wells Fargo Advisors Locations: Wells Fargo

☆ Jefferies says these top stock picks are cheap and offer upside heading into year-end
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

As the fourth quarter ramps up, several stocks have room to appreciate in coming months, according to Jefferies. Heading into the end of the year, Jefferies has updated its list of stock recommendations it calls its "franchise picks," spotlighting high-conviction, buy-rated names. "Higher reinvestment rates are correlated with better returns," Jefferies added. Their average price target of almost $24 implies roughly 10% upside – less than the nearly 26% that would result if Jefferies' target of $27 is reached. And Jefferies' target of $295 implies more than 17% upside from the current price.

Persons: Jefferies, Morgan Stanley, Wells, –, Johnson Organizations: Dow, Nasdaq, JPMorgan, Consumer, Johnson, PepsiCo, Sysco, Jefferies, ConocoPhillips, Port, North Field, Oil, Procter, Gamble, Colgate Locations: Wells Fargo, Alaska, Port Arthur, Texas, Qatar, Houston, LSEG, U.S, , New Jersey, Kenvue

☆ I drove 3 hours at the crack of dawn on a workday to see Charli XCX for the third time in 4 months. It was worth it.
▼ + stars: | 2024-10-18 | by ( Zoe Woolrich | ) www.businessinsider.com time to read: +9 min

I've been a Charli XCX superfan for years and saw her when I was 14. I even signed into work from an outdoor art museum in upstate New York to see her last-minute Storm King set. AdvertisementIn 2017, Charli XCX opened for Halsey on her Hopeless Fountain Kingdom tour. But the Storm King show was my best experience yet, and well worth missing some work. A view of the crowd at Charli XCX's Storm King set.

Persons: I've, superfan, —, Charli XCX, Halsey, Charli, Iggy Azalea's, hadn't, King, Zoe Woolrich, tomorrow's, who'd, Julia Fox, Lorde, Troye Sivan's, Wells, Sivan, Storm King, Henry Redcliffe Charli XCX's, who's, I'm Organizations: Service, Storm King Art Center, Brooklyn Paramount, Wells, Arena, Madison, Storm, Storm King Locations: New York, Brooklyn, Philadelphia, Philly, Wells Fargo, Denver

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

☆ Investment banking has made a multibillion-dollar rebound, but it's too early to pop the Champagne
▼ + stars: | 2024-10-18 | by ( Hayley Cuccinello | Emmalyse Brownstein | ) www.businessinsider.com time to read: +7 min

Major banks like Goldman Sachs walloped Wall Street expectations thanks to dealmaking fees. Investment banking has made a comeback, and bigger bonuses are in the cards, too. The biggest banks on Wall Street reported a huge boost in dealmaking fees this quarter after a two-year slump. Investment bank revenue surged 30% on average at Goldman Sachs, JPMorgan, Bank of America, Citigroup, and Morgan Stanley, according to Wells Fargo analyst Mike Mayo. Morgan Stanley's investment bank revenue surged 56% year over year to $1.46 billion, beating Wall Street expectations.

Persons: Goldman Sachs, —, Morgan Stanley, Wells, Mike Mayo, Sharon Yeshaya, Morgan, Global's Nathan Stovall, corporates, Stovall, David Ellison's Skydance, JPMorgan's Jamie Dimon, David Solomon, Mayo, Cole Smead, There's, Jon Gray, anecdotally, Gray, David Stowell, Stowell, I'm, it's, Alan Johnson Organizations: Investment, Service, Wall, JPMorgan, Bank of America, Citigroup, Citi, Mars, Paramount, David Ellison's Skydance Media, Wall Street, Smead Capital Management, Blackstone, Kellogg School of Management, Northwestern University, underwriters, Johnson Associates Locations: Wells Fargo, Mayo

☆ You can now buy a $1,089 platinum bar from Costco—here's what to know before investing
▼ + stars: | 2024-10-18 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

Recently, though, they've found something new to love about the wholesaler: precious metals. But it's far from the first time precious metals have been in vogue, especially among people looking to invest in them. In other words, with platinum not having changed much in price during gold's recent rise, precious metals investors may be wondering if it's the next big thing. But potential investors in gold or platinum should know some key differences. How to invest in precious metals

Persons: they've, Costco's, Trevor Yates, Rob Haworth, They're, Yates Organizations: Costco, Global, U.S, Bank Wealth Management

☆ Yankees survive another late-inning thriller, lead Guardians 3-1 in ALCS: Takeaways
▼ + stars: | 2024-10-18 | by ( Tyler Kepner | Chris Kirschner | ) www.nytimes.com time to read: +8 min

The Yankees built a 6-2 lead through six innings with homers by Juan Soto, Austin Wells and Giancarlo Stanton. Then the Yankees went to work again on Clase, and this time escaped Progressive Field with the win. Giancarlo Stanton is built for OctoberThe Yankees had runners on second and third with one out and Stanton in the batter’s box. This was Stanton’s third home run of the ALCS, tied for the second-most home runs in a single ALCS in franchise history. After striking out Fry, José Ramírez’s double to right scored Rocchio to slice the Yankees’ lead to 6-3.

Persons: Tyler Kepner, Chris Kirschner, Brendan Kuty, Zack Meisel CLEVELAND —, Emmanuel Clase, Cleveland Guardians ’, Anthony Rizzo, Anthony Volpe, Alex Verdugo, Gleyber Torres, Clase, Luke Weaver, Tommy Kahnle, Juan Soto, Austin Wells, Giancarlo Stanton, Cleveland’s Bo Naylor, David Fry, Mark Leiter Jr, Leiter, Ian Hamilton, Josh Naylor, Stanton, Cade Smith, Tim Herrin, Rizzo, Smith, Babe Ruth, Aaron Judge, he’s, “, Aaron Boone, Giancarlo Stanton 😤 🎥, h., dou, nin Organizations: New York Yankees, Cleveland Guardians, American League, Yankees, Cleveland, Stanton

☆ Bank bosses aren't worried about lower interest rates — and even see some upside
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.

Persons: shrugged, —, Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi

☆ Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier
▼ + stars: | 2024-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.

Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan

☆ These companies reporting earnings next week have a history of beating expectations
▼ + stars: | 2024-10-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Several companies are due to report earnings next week, including some potential standouts. So far, most of the constituents that have reported third-quarter earnings have exceeded earnings and revenue expectations, according to FactSet. The companies below have exceeded the Street's earnings per share expectations 70% of the time and have risen 2% or more on earnings day. The enterprise software giant also has the most-reliable historical earnings performance, beating analysts' earnings per share estimates 90% of the time. Power circuits maker Monolithic Power has a strong earnings beat rate of 88%.

Persons: Wells, Michael Turrin, Turrin, ServiceNow, Rick Schafer, Impinj, FactSet Organizations: CNBC Pro Locations: Wells Fargo

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Starbucks, Disney, Microsoft, Cisco, Coinbase & more
▼ + stars: | 2024-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.

Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China

☆ Wall Street strategists sour on the China trade, see stimulus as another 'boom-bust' episode
▼ + stars: | 2024-10-16 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's lack of concrete economic stimulus actions poured cold water on U.S. investors who went big on the China trade, and strategists on Wall Street are warning of disappointment ahead. The professional cohort had piled into beaten-down stocks last month, stirred by hopes of more government assistance for the troubled China economy. "Indeed, the only part of the Chinese economy that appeared to be holding was its export sector. Investor sentiment toward Chinese stocks was partly aided by high-profile hedge fund manager David Tepper of Appaloosa Management, who turned extremely bullish. Stanley Druckenmiller reportedly said he's not interested in Chinese stocks under the current political leadership, regardless of the new policies.

Persons: Stefano Pascale, Sameer Samana, Donald Trump, Barclays Pascale, David Tepper, Tepper, Ray Dalio, Stanley Druckenmiller, he's, — CNBC's Michael Bloom Organizations: Barclays, Trump, CSI, Appaloosa Management, CNBC Locations: China, Wells Fargo, Beijing

☆ Watch out. Analysts have been cutting earnings estimates on these stocks reporting next week
▼ + stars: | 2024-10-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Wall Street has been lowering its third-quarter growth estimates for months now. That's not abnormal, however, as third-quarter growth estimates tend to decline in the preceding months. Nearly 10% of S & P 500 companies have already reported results, with more than 79% beating earnings estimates, according to FactSet. Analysts' estimates for earnings per share have been cut by 80.3% over the past three months and 85% over the past six months. Analysts have cut their earnings per share estimates on Tesla by 24.1% over the past three months and 30.8% over the past six months.

Persons: That's, Morgan Stanley, Joe Laetsch, Laetsch, FactSet, Christopher Dendrinos, Dendrinos, Tesla, Wells Fargo Organizations: CNBC Pro, Valero Energy, Wall Street, Valero, RBC Capital Markets, Tesla Locations: U.S, Wells

☆ We're raising our Morgan Stanley price target after a post-earnings stock surge to record highs
▼ + stars: | 2024-10-16 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Morgan Stanley shares soared to all-time highs Wednesday after third-quarter beats on the bank's top and bottom lines, with strength seen across the board. MS YTD mountain Morgan Stanley YTD Club stock Morgan Stanley was up 7.5%. Morgan Stanley outpaced expectations in just about every aspect of each operating division and put up very strong quarterly results in terms of firmwide key performance indicators. Given its 15.1% CET1 ratio, Morgan Stanley has plenty of excess capital at its disposal to both continue investing in growth and return excess capital to shareholders. Morgan Stanley Why we own it : We own Morgan Stanley for the rebound taking place in IPO and M & A activity along with growth in wealth management, which provides more durable fee-based revenues.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's, Sharon Yeshaya, Morgan Stanley repurchased, Goldman Sachs, Ted Pick, Morgan, Yeshaya, That's, Eaton Vance, Jim Cramer's, Jim Cramer, Jim, Bing Guan Organizations: Revenue, LSEG, Morgan Stanley YTD, Investment, Bloomberg, Institutional Securities, Bank of Japan, CNBC, Getty Locations: Wells Fargo

☆ Saudi Arabia’s coveted Masters 1000 tennis tournament has stalled as Six Kings arrives in Riyadh
▼ + stars: | 2024-10-16 | by ( Matthew Futterman | ) www.nytimes.com time to read: +11 min

After years of pushing, everything looks ready for Saudi Arabia’s billion-dollar move to become a major force in tennis to take off — with one major hitch. The Ministry of Sport of Saudi Arabia, the Saudi Tennis Federation (STF) and the WTA Tour then announced a three-year deal to host the tour finals. These moves raised Saudi Arabia’s tennis profile, but its potential new tournament at the start of the season was seen as the most important of its tennis investments — and its most divisive. It would cement Saudi Arabia’s place at the center of the sport, bringing with it an extensively criticized human rights record. Saudi Arabia’s moves into tennis have roiled the organisations behind the Grand Slam tournaments.

Persons: Carlos Alcaraz, Rafael Nadal, Daniil Medvedev, Holger Rune, —, Novak Djokovic, Turki Alalshikh, Rome —, ”, Nadal, Sinclair, Chris Evert, Martina Navratilova, “, Jamal Khashoggi, Henry Nicholls, Iga Swiatek, Adam Pretty Organizations: St, Saudi Arabia’s General Entertainment Authority, WTA, Saudi, ATP, Public Investment Fund, SURJ Sports Investment, U.S ., ”, Sport, Saudi Tennis Federation, WTA Tour, Sinclair, Tennis, Rights Watch, Athletic, Wimbledon, Getty, Australia, Tennis Australia, Laver Locations: Hotel, Riyadh, Saudi, Jeddah, Saudi Arabia, U.S, Indian Wells, Madrid, Rome, provisionality, PIF, Istanbul, Turkey, Australia, New Zealand

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, —, Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City

☆ Rates won't be cut at an aggressive pace — here's how to position, according to strategists
▼ + stars: | 2024-10-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

U.S. interest rate cuts are unlikely to move at an aggressive pace, say market watchers. The Fed kicked off its easing cycle with a jumbo 50 basis-point rate cut in September — but subsequent ones will be milder, they said. They highlighted the better-than-expected September jobs report, renewed worries around inflation, rising yields and an economy that's still relatively strong. How to position In that scenario — and with inflation expected to continue being sticky, it's important that investors still have exposure to commodities, said Landsberg. Christopher of Wells Fargo said if interest rates moderate and earnings are stronger than expected, market performance will broaden out further.

Persons: —, Paul Christopher, CNBC's, Adam Coons, Michael Landsberg, Landsberg Bennett, Landsberg, Christopher, Wells Fargo, Luis Alvarado, Alvarado Organizations: Fed, Wells, Wells Fargo Investment Institute, Winthrop Capital Management, Wealth Management Locations: Wells Fargo, U.S

☆ These 5 portfolio stocks outperformed the market's incredible run since our September Monthly Meeting
▼ + stars: | 2024-10-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We did hold onto our rate-sensitive names like Wells Fargo and Morgan Stanley , which were among the best performers since the last Monthly Meeting. Morgan Stanley: 16.2% Following the Fed's decision, shares advanced as investors became more optimistic about a soft landing for the U.S. economy. Morgan Stanley benefits from lower rates — and, in turn, a better economy — because it can usher in more Wall Street dealmaking such as initial public offerings and mergers and acquisitions. That's because the Club has been debating exiting Morgan Stanley altogether for a potentially better investment banking rebound play like Goldman Sachs. Morgan Stanley reiterated its buy-equivalent rating on Oct. 10, arguing that Eaton has a positive setup into earnings season.

Persons: It's, Wells, Morgan Stanley, Morgan, Goldman Sachs, Morgan Stanley's, Salesforce, Marc Benioff, Piper Sandler, Guggenheim, Meta, Eaton, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow Jones Industrial, Dow, Procter, Gamble, Meta, Fed, Northland Capital Markets, UBS, Citigroup, Analysts, JPMorgan, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, Wells Fargo, Salesforce, Eaton, Tuesday's, Northland

☆ Goldman Sachs to report third-quarter earnings
▼ + stars: | 2024-10-15 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Goldman's asset and wealth management division is also positioned to benefit from rising asset values across markets as rates decline. Last week, rival JPMorgan Chase set expectations high with better-than-anticipated results from trading and investment banking, factors that helped the bank top earnings estimates. Wells Fargo also exceeded estimates on Friday on the back of its investment banking division.

Persons: David Solomon, Goldman Sachs, Goldman, JPMorgan Chase, Wells Fargo Organizations: LSEG Revenue, Trading, Wealth Management, Goldman, JPMorgan, & $ Locations: Davos, Switzerland

☆ Wells Fargo CEO Charles Scharf sits down with Jim Cramer
▼ + stars: | 2024-10-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Wells Fargo CEO Charles Scharf sits down with Jim CramerWells Fargo President and CEO Charles Scharf joins 'Mad Money' host Jim Cramer to talk quarterly results, recent downsizing and more.

Persons: Wells, Charles Scharf, Jim Cramer Wells, Jim Cramer

☆ The consumer has been extremely resilient, spend continues to go up, says Wells Fargo CEO
▼ + stars: | 2024-10-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer has been extremely resilient, spend continues to go up, says Wells Fargo CEOWells Fargo President and CEO Charles Scharf joins 'Mad Money' host Jim Cramer to talk quarterly results, recent downsizing and more.

Persons: Wells, Charles Scharf, Jim Cramer

☆ Wells Fargo CEO calls consumers 'extremely resilient'
▼ + stars: | 2024-10-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Wells Fargo CEO Charlie Scharf gave CNBC's Jim Cramer a positive read on the consumer landscape. "We don't sit here and say risks don't exist — But what we see looks pretty, pretty strong." Wells Fargo's most recent quarter topped Wall Street's expectations, and shares surged more than 4% last Friday just after the report. By Tuesday's close, Wells Fargo was up 1.40%. While Scharf said Wells Fargo does care about its quarterly results, he suggested the market can obsess over reports more than management does.

Persons: Wells, Charlie Scharf, Jim Cramer, Scharf, Tuesday's, Wells Fargo, I'm Organizations: Federal Reserve Locations: Wells

☆ Wells Fargo CEO Charles Scharf talks credit cards
▼ + stars: | 2024-10-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo CEO Charles Scharf talks credit cardsWells Fargo President and CEO Charles Scharf joins 'Mad Money' host Jim Cramer to talk quarterly results, recent downsizing and more.

Persons: Charles Scharf, Jim Cramer Organizations: Wells

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