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Bank ETFs are in focus as rising inflation lifts Fed rate hike odds, creating potential tailwinds and risks for the banking sector.

U.S. added 162,000 jobs in August, while wage growth continued to lag inflation

Wall Street has spent this year waiting for prices to calm down. The thinking was simple. The war with Iran pushed oil up in February; the shock would wear off, and the Fed would go back to cutting rates. One of the banks that sold that idea has changed its mind. Wells Fargo is not a gloomy voice ...

There’s an elegant simplicity to one of the central tenets in gauging the health of the stock market and the companies that comprise its benchmark indexes: figuring out what’s in the till at the end of the day. Profit remains the most important measure of stock market health—and Corporate America is raking it in. “The greatest force behind stock markets right now is earnings, which is helping to overshadow concerns about Iran, inflation and AI [capital expenditure] spending viability,” said Dennis Follmer, chief investment officer, at Montis Financial in Waltham, Mass., to Barron’s. “Earnings have been an absolute freight train driving this market higher.”

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In their wake, the bank’s wealth management unit suffered an exodus of financial advisors. Wedding-related spending has increased 8.5% year over year so far in 2026, according to Bank of America payments data. Inflation is playing a role, but so is social media: A majority of respondents to a BofA survey said the era of digital connections and scrolling has introduced additional expenses, such as hiring content creators to capture and share the special day.

Goldman’s stock, which fell 4.6%, was on track for its worst performance in two months. Morgan Stanley, JPMorgan, and Bank of America—all of which hit records this month, too—dropped 3.4%, 2.3%, and 1.2%, respectively on Wednesday. Citi was down 3.3%, and Wells Fargo dropped 2%.

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Wells Fargo announced plans to raise its dividend by 11% to $0.50 per share from $0.45 after the Federal Reserve’s stress test showed its CET1 ratio remaining well above requirements.

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(Bloomberg) -- Strong economic momentum is a double-edged sword for US equity traders. Solid growth is an earnings tailwind. But let it run too hot, and it turns from blessing to curse.Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaChina AI Sensation Moonshot’s Gamble on Big Models Pays OffTrump Vows 50% Tariff on Canadian Goods Using Depression-Era LawMoonshot’s Kimi K3 May Be More About Memory Than ComputeUS Strikes Iran in Escalating Campaign After Troops K

Wells Fargo & Company on Tuesday reported stronger-than-expected second-quarter results as higher fee income, investment banking activity and net interest income lifted revenue. The bank reported adjusted earnings of $1.96 per share, beating the Wall Street consensus estimate of $1.72....

With 83 hedge funds holding stakes in the stock, Lockheed Martin Corporation (NYSE:LMT) is among the 8 Best Stocks to Buy Following Federal Reserve Pivot Expectations. On July 9, Wells Fargo lowered its price target on Lockheed Martin Corporation (NYSE:LMT) to $575 from $650 while maintaining an Equal Weight rating on the shares. The firm continues to […]

Many of the same factors have propelled big banks’ strong performance: a solid economic backdrop with low unemployment, corporate clients’ appetite for executing big deals, and lots of trading activity.

Second-quarter earnings and June consumer inflation data offset continuing uncertainty about the Strait of Hormuz.

(Updates with market moves at the end of the day.) US stocks advanced Tuesday as investors cheere

US benchmark equity indexes were mostly higher intraday as traders assessed the latest inflation dat

Mike Santomassimo, the bank’s CFO, attributed the positive credit trends to the U.S. economy and consumers remaining resilient even in the face of stickier-than-expected inflation. Santomassimo attributed that sturdiness to a relatively stable jobs environment. “We are not seeing cracks,” Santomassimo said on a call with reporters.

All three major US stock indexes were up in late-morning trading, as the big banks kicked off earnin

CPI fell More Than Expected

CPI for June came in -0.4%, at its lowest level since April 2020's -0.8%.

FEATURE The artificial-intelligence trade appeared to be reignited Tuesday as investors digested a slew of bank earnings reports ahead of the consumer-price index inflation report for June. International Business Machines sank 23% after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets.

US equity futures were mixed before the open Tuesday as traders await a key inflation report and qua

A big week for incoming earnings, inflation and interest rate data and commentary begins with another sell-off in South Korea and a refreshed energy shock.

US equity investors will focus on Q2 earnings this week, with big money-centre banks kicking off the

Big banks kick off earnings season this week, which will also bring reports from GE Aerospace, Netflix, and Taiwan Semi. In economic news, we’ll get the consumer and producer price indexes, and retail sales data.

In early July 2026, Wells Fargo & Company issued a series of new callable senior unsecured notes across maturities from 2029 to 2041 and hired former PJT Partners banker Tom Nicholls as managing director to lead its Sports Investment Banking unit. These moves, combined with the bank’s recent Federal Reserve stress test clearance and planned dividend increase, underline how Wells Fargo is actively using its strengthened capital position to fund growth and expand higher-fee investment banking...

U. S. stock futures traded little changed on Friday as investors paused after Thursday’s technology-led rally, shifting their attention toward next week’s corporate earnings reports and key inflation releases.