Stocks were mixed on Friday after a flurry of U.S. banks reported upbeat earnings. The Dow Jones Industrial Average gained 0.12%, while the S&P 500 fell 0.5% and the tech-heavy Nasdaq Composite slumped by 1.2%.
JPMorgan Chase, Wells Fargo, and Citigroup all posted higher profits...
Major U.S. lender and investment banking company Citigroup lifted its S&P year-end target by 15% as the probability of an economic recession continues to decline amid cooling inflation.
The bank is forecasting the S&P 500 to end on 4,600 points at the end of 2023;...
It looks as though Citi isn't happy with what they're seeing from Zoom's recent financial statements.
Over the last couple years, Zoom emerged as a major player in the social video streaming industry. With the COVID-19 pandemic causing companies to work remotely, Zoom's product was...
