The markets have offered investors a rollercoaster ride this week, with a flurry of activity and developments that have sent shockwaves through various sectors.
M&T Bank (NYSE:MTB) reported quarterly earnings of $4.57 per share which beat the analyst consensus estimate of $4.33 by 5.54 percent. This is a 30.57 percent increase over earnings of $3.50 per share from the same
Companies Reporting Before The Bell
• Procter & Gamble (NYSE:PG) is estimated to report quarterly earnings at $1.59 per share on revenue of $20.73 billion.
The CNN Money Fear and Greed index showed a drop in the market sentiment.
The Nasdaq Composite snapped a seven-day win streak on Wednesday as investors digested the retail sales data, which showed a decline of 1.1% month-over-month for December, higher than market expectations of a 1% drop. Producer prices for final demand in the US fell 0.5% month-over-month in December.
Last week’s big bank earnings marked the unofficial start of the reporting season, and quarterly earnings from the biggest Wall Street firms relayed a mixed message.