Live updates Regional bank stocks rebound as SVB tensions ease
Bank stocks bounced in early trading Tuesday as worries eased on Wall Street over the health of the nationโs regional banks. Washingtonโs banking rescue had a rocky start Monday, as its response to the collapse of Silicon Valley Bank failed to ease doubts about the health of some midsize banks and left investors wondering what the Federal Reserve would do next.
washingtonpost.comStocks are mixed after Wall Street's worst rout in months
NEW YORK (AP) โ Stocks are mixed on Wednesday, a day after falling to their worst loss since December, as Wall Street prepares for interest rates to stay higher for longer.[San Marcos, TX] [Hays County news] News San Marcos News, San Marcos Record [Texas State]
sanmarcosrecord.comCoca-Cola revenue rises in fourth quarter, fueled by higher prices
Coca-Cola on Tuesday reported quarterly revenue that beat analysts' expectations, driven by higher prices on its drinks. Excluding items, Coke earned 45 cents per share. Looking to 2023, Coke is projecting comparable revenue growth of 3% to 5% and comparable earnings per share growth of 4% to 5%. Wall Street was forecasting revenue growth of 3.9% and earnings per share growth of 3% for the year. Read the Coca-Cola earnings report here.
cnbc.comWells Fargo 4Q profit falls by half but tops expectations
Wells Fargoโs profit for the fourth quarter came in ahead of Wall Streetโs targets but were about half of what it earned last year as the bank had to pay another $3.3 billion in fines and penalties to settle numerous scandals from recent years.