Of Bank Earnings. Wells fargo, j. P. Morgan, citi all beating estimates, but its not all good news from those financials. Well dig through the reports and hear what the ceos are saying. The samsung saga continues. The company saying billions more in losses are expected. And now some airlines are using fire containment bags for overheating phones. Like an airsick bag . Are you kidding me . Wheres the tsa . And honeywell ceo telling jim on mad money last night he was astounded by the Market Reaction to the companys presentation earlier this month. Well get the latest. First up, wells fargo out of the first Earnings Report since the banks unauthorized account scandal. Quarterly results beating the street despite drop in net income. In the companys Earnings Release new Ceo Tim Sloan says, quote, im deeply committed to restoring the trust of all our stakeholder including trust and shareholders community partners, we know that it will take time and a lot of hard work to earn back our reputat
Expanding attacks on the media, and mexican owner carlos slim part owner of the New York Times is part of a global conspiracy that works with the Clinton Campaign, got that right. And late polls show that an impact than revelations about Hillary Clinton and dropped six points among women in the fox poll no longer leads among independents, down 4538 overall. Without question, there is a media pileon against trump and its hurting him. Almost unmentioned this morning, hillary under oath saying she did not know about and did not order the destruction of emails. No demands by the media for hillary to apologize for her campaigns demeaning comments about latinos, needy, conservatives catholics, a bastardized faith, or blacks, they dont do well. You thought this would be up front and center in this president ial election, should be, but its not. Sex, lies and videotape. Varney company is about to begin. All right. We will, i promise you well get to the politics in a minute. Will you look at th
Jpmorg and citigroup all beat wall st expectations. But profits were down across the board, year over year. That was enough to lift the broader market, but not shares of all the big financial institut. D thats partly because. Uestion sti remain about the and, of course, a lot of attentn was on embattled wells fargo. Which said customer traffic at branch was down in the wake of the fake account scandal. And fewer checking accounts wer. Repor john stumpfs final quarter as ceo at wells fargo, profit dropped 2. 5 . E that the nations thi largest bank wasn all bad. Despite charges the bank opened as many as 2 million accounts with either fake or unauthorized customer information, profit was still higher than expected. And revenue rose more than 2 also, more than analysts predicte aftereffects of the sale scandal, a 185 million settle stumpfsouster, still to be felt. Sloan already looking at reduced business. The implications for our compan and on the trust of our custom are significant. Cus
Jpmorg and citigroup all beat wall st expectations. But profits were down across the board, year over year. That was enough to lift the broader market, but not shares of all the big financial institut. D thats partly because. Uestion sti remain about the and, of course, a lot of attentn was on embattled wells fargo. Which said customer traffic at branch was down in the wake of the fake account scandal. And fewer checking accounts wer. Repor john stumpfs final quarter as ceo at wells fargo, profit dropped 2. 5 . E that the nations thi largest bank wasn all bad. Despite charges the bank opened as many as 2 million accounts with either fake or unauthorized customer information, profit was still higher than expected. And revenue rose more than 2 also, more than analysts predicte aftereffects of the sale scandal, a 185 million settle stumpfsouster, still to be felt. Sloan already looking at reduced business. The implications for our compan and on the trust of our custom are significant. Cus
Earningsm welfargo, jpmorg and citigroup all beat wall st expectations. But profits were down across the board, year over year. That was enough to lift the broader market, but not shares of all the big financial institut. D thats partly because. Uestion sti remain about the and, of course, a lot of attentn was on embattled wells fargo. Which said customer traffic at branch was down in the wake of the fake account scandal. And fewer checking accounts wer. Repor john stumpfs final quarter as ceo at wells fargo, profit dropped 2. 5 . E that the nations thi largest bank wasn all bad. Despite charges the bank opened as many as 2 million accounts with either fake or unauthorized customer information, profit was still higher than expected. And revenue rose more than 2 also, more than analysts predicte aftereffects of the sale scandal, a 185 million settle stumpfsouster, still to be felt. Sloan already looking at reduced business. The implications for our compan and on the trust of our custom