Heard on the Street Recap: It Isn't Cheap to Run the Biggest Bank
Market Intelligence Analysis
AI-PoweredThe country's largest bank raised its forecast for expenses, including compensation and strategic investments, leading to a 4.7% drop in its shares and a negative impact on the Dow.
Market impact analysis based on bearish sentiment with 79% confidence.
Article Context
Major stock indexes were mixed. The Nasdaq Composite added 0.1%. The country's largest bank raised its forecast for how much it will have to spend next year, including on compensation and strategic investments, and its shares tumbled 4.7%, weighing on the Dow.
Analysis and insights provided by AnalystMarkets AI.