Francesca Fontana

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2,691 appearances 52 recordings 1 series first heard Aug 2017 last heard Feb 2025

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Citigroup did see a 10% profit increase, but it also set aside more provisions for potential credit card losses.

So how'd the stocks do?

Wells Fargo shares lost the most of the three on Friday, ending 6% lower.

J.P.

Morgan fell 1.2%, and Citigroup dropped 1.8%.

But wait, there were some sunnier signs for earnings to come that drove stocks higher this week.

Especially for one stock, which might not be a household name, but it does involve a pretty popular buzzword these days.

AI.

I'm talking about Corning, which is known for making glass for TV screens and smartphones.

It also makes fiber optics products like cables.

Without getting too in the weeds, on Monday, Corning said it's seeing strong adoption of its new products specifically for generative AI.

So much so that it's raised its quarterly guidance ahead of its earnings report later this month.

Plus, the CEO said he expects to see increased sales help push the company back to on-the-ear growth.

As we've seen with other buzzy AI stocks, Corning had a pretty great day as a result.

Its shares jumped 12% Monday, the S&P's best performer that day, and ended the week about 19% higher.

And now you know what's news in markets this week.

You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section.

I'm Francesca Fontana.

Have a great weekend and see you next Saturday.

Hey, listeners, it's Saturday, June 29th. voice-verified

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