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Wells Fargo CFO signals 'step up' in interest income in second quarter

Wells Fargo CFO signals 'step up' in interest income in second quarter

By Manya Saini and Nupur Anand June 9 (Reuters) - U.S. banking giant Wells Fargo's net interest income will see a "step up" in the current quarter, Chief Financial Officer Mike Santomassimo said at an investor conference on Tuesday.

Bank of America could exceed 15% market revenue growth in Q2

Bank of America could exceed 15% market revenue growth in Q2

NEW YORK, June 9 (Reuters) - Bank of America may exceed the initial forecast of 15% growth in second-quarter markets revenue, fueled by the equities business, Co-President Jim DeMare said on Tuesday.

JPMorgan keeping a watchful eye on consumer health, executive says

JPMorgan keeping a watchful eye on consumer health, executive says

By Arasu Kannagi Basil and Nupur Anand June 9 (Reuters) - JPMorgan Chase is keeping a close watch on consumer health as worries about inflation persist, Marianne Lake, CEO of the bank's consumer and community banking division, said on Tuesday. Speaking at the Morgan Stanley U.S.

Wall St futures tick up as chips extend gains

Wall St futures tick up as chips extend gains

June 9 (Reuters) - U.S. stock index futures climbed on Tuesday, as chip stocks extended gains for a second day, while easing hostilities in the Middle East also aided sentiment.

Analysis-Investors spy a tipping point for bonds after geopolitics shreds old playbooks

Analysis-Investors spy a tipping point for bonds after geopolitics shreds old playbooks

By Stefano Rebaudo MILAN, June 9 (Reuters) - Bonds have failed to shield investors during the Iran war. Now, some fund managers say that may be about to change, with debt poised to reclaim its safe-haven role if inflation starts hitting growth.

Wall Street falls sharply as AI stocks resume their sell-off

Wall Street falls sharply as AI stocks resume their sell-off

Artificial-intelligence stocks are resuming their sell-off, and the former superstars that had led the market to records are dragging Wall Street down with them

OpenAI files for US IPO after Anthropic as AI giants head to public markets

OpenAI files for US IPO after Anthropic as AI giants head to public markets

June 8 (Reuters) - ChatGPT-maker OpenAI confidentially filed for a U.S. initial public offering on Monday, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom.

Another sell-off for AI stocks sends Wall Street reeling

Another sell-off for AI stocks sends Wall Street reeling

Another sell-off for artificial-intelligence stocks whipsawed Wall Street

Factbox-OpenAI joins AI listing queue with Anthropic

Factbox-OpenAI joins AI listing queue with Anthropic

June 8 (Reuters) - OpenAI said on Monday it has confidentially filed for a U.S. initial public offering, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom. Wall Street is betting 2026 could be a breakout year for the U.S.

Wall Street yo-yos as AI stocks swing from gains to losses

Wall Street yo-yos as AI stocks swing from gains to losses

The U.S. stock market is yo-yoing as artificial-intelligence stocks keep swinging following their sudden and sharp losses from last week

Analysis-SpaceX's lofty valuation set to put 'Elon premium' to test

Analysis-SpaceX's lofty valuation set to put 'Elon premium' to test

By Niket Nishant and Johann M Cherian June 9 (Reuters) - SpaceX's landmark listing this week is set to test the "Elon premium" that has made Tesla one of the most highly valued U.S. companies and a must-have among retail investors.

Cryptocurrency exchange Bybit to open SpaceX tokenized IPO access

Cryptocurrency exchange Bybit to open SpaceX tokenized IPO access

June 7 (Reuters) - Cryptocurrency exchange Bybit said it will offer retail investors access to tokenized initial public offerings (IPOs) at the offering price, starting with SpaceX as its first offering.