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Company News for Jan 18, 2021

Zacks Equity Research
·1 min read
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  • JPMorgan Chase & Co.'s JPM shares fell 1.8% after the company reported fourth-quarter 2020 revenues of $29.22 billion, missing the Zacks Consensus Estimate of $29.28 billion.
     

  • Shares of Citigroup Inc. C tumbled 6.9% after the company posted fourth-quarter 2020 revenues of $16.5 billion, lagging the Zacks Consensus Estimate of $16.6 billion.
     

  • Wells Fargo & Co.'s WFC shares plummeted 7.8% after reporting fourth-quarter 2020 revenues of $17.9 billion, underperforming the Zacks Consensus Estimate of $18 billion.
     

  • Shares of Exxon Mobil Corp. XOM tanked 4.8% following news that the SEC started an investigation into the company's alleged overstatement of the value of a key Permian Basin asset.
     


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