These are the stocks posting the largest moves in midday trading.
The Wall Street CEO discussed growing confidence among business leaders after his bank’s strong fourth-quarter report.
“CPI month-over-month change has got the Fed zig-zagging,” Gundlach said.
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.
These are the stocks posting the largest moves in premarket trading.
The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024’s number of $47.7 billion.
The fourth quarter report comes after a year where Citi’s stock rose almost 37%, outperforming the S&P 500.
Goldman’s fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.
JPMorgan’s results will be closely watched for signs that industry optimism is warranted.
Wells Fargo, Goldman Sachs and BlackRock will all post Q4 results before the bell.