Investors Need to Look Closely at These 3 Earnings Reports
The stock market has been able to overcome short-term challenges to move higher, and Wednesday brought another example of how resilient Wall Street can be. As of 10:15 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 60 points to 34,949 after having been above the 35,000 briefly earlier in the morning. The S&P 500 (SNPINDEX: ^GSPC) had climbed 15 points to 4,384, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had gained 90 points to 14,768.
Earnings are helping to drive the market higher, and a lot of the favorable news investors saw Wednesday morning came from a second wave of bank stocks releasing their latest results. Shares of Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) moved higher, but Bank of America (NYSE: BAC) saw modest declines. Below, we'll look through all three sets of results and why investors need to watch the big banks closely during the remainder of 2021.
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Source Fool.com
