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Benzinga
Taiwan Semiconductor Earnings Reflects Problems with Supply Chain
Large financial companies are still monopolizing the earnings news. Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), and U.S. Bancorp (NYSE: USB) all beat earnings and revenue expectations. The Financial sector has benefitted from rising interest rates. Despite the 10-year Treasury Yield (TNX) trading slightly lower before the open, rates may continue to rise as the Fed moves closer to tapering. Wells Fargo, Morgan Stanley, and Bank of America
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