JPMorgan, Citigroup and Wells Fargo all reported better-than-expected earnings Friday. Reserve releases and Wall Street powered the results.
The S&P 500 ended the week with losses as investors worry that new stimulus plans will lead to higher taxes.
Heard on the Street
Large lenders enter 2021 coiled with potential energy from their deposit-fueled cash piles, but it’s hard to pinpoint when that might translate into shareholder returns.
Copper prices have been lifted by wagers that an improving economy will further increase consumption along with buoyant demand from China.