Midday Market Wrap: 10/12/12 |
| October 12, 2012 | October 2012 Bond Updates |
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Stocks are trading lower this afternoon as bank earnings failed to impress, and investors shrugged off an increase in consumer confidence. Both Wells Fargo (WFC) and JP Morgan Chase (JPM) earnings reportedly showed lower net interest margin, despite posting increased earnings. JP Morgan's earnings were much better than analysts expected, but those shares are lower by over 1-1/2%. |
| View more at: http://www.forbes.com/sites/marketnewsvideo/2012/10/12/midday-market-wrap-101212/ |
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