2 years ago
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Brendan McDermid | Reuters
What I americium looking astatine Monday, Oct. 17, 2022
- Bank of America (BAC) is amazing. Balance expanse looks truly good. Beat estimates: net per shares of 81 cents successful the third-quarter connected gross of $24.61 billion. Strong fixed-income trading and gains successful involvement income. BofA shares up astir 3% successful the premarket, pulling different large banks higher, including Club holdings Wells Fargo (WFC) and Morgan Stanley (MS). Both reported Friday. Wells Fargo beat. Morgan Stanley missed. WFC terms people hikes astatine BMO Capital and Piper Sandler.
- They hatred the market. That's the absorption from dozens of radical I spoke to successful Philadelphia this weekend. It's ABS, Anything But Stocks. After a unsmooth league Friday and its 4th consecutive play decline, S&P 500 futures emergence successful Monday's premarket. Last week, successful the Club's October "Monthly Meeting," we talked astir however pugnacious it is to clip the marketplace and provided a rapid-fire update connected each 34 stocks successful our portfolio.
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