NEWS

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Wells Fargo missed Q4 revenue before the bell Tuesday. $WFC reported along with JPMorgan $JPM, Citigroup $C and PNC Financial $PNC. Earnings and the stock have been hampered by seemingly endless scandals and their future rebrand.

JPMorgan Chase, America's largest bank reported worse than expected Q4 earnings Tuesday before the open. $JPM revenue declined across all its segments except for Consumer & Community Banking. Wells Fargo $WFC, Citigroup $C and PNC Financial $PNC also reported. 

Citigroup starts off the banking sectors Q4 earnings with mixed results before the market open Monday. $C reports ahead of other money center banks Bank of America $BAC JPMorgan Chase $JPM, Wells Fargo $WFC, PNC Financial $PNC 

Industrial production continues to slide Eurostat reports, falling 1.7% more than the 1.5% fall expected, this is prior to the market turmoil of December and just at the start of Gilets Jaunes protests which are now in their ninth week. Last month was +0.1%; revised from +0.1%.

U.S. oil rigs in service fell another 4 this week, 15 off cycle high as U.S.oil production held at the all time high 11.70 million bpd. US Natural gas rigs added 4. Oil rigs rose 83 in Canada and natural gas 25 with the weather change. 

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