S&P 500 Slips After Bank Earnings

Brendan Mcdermid/Reuters Stocks slipped early Wednesday, after more bank earnings rolled in. Bank of America posted a 12% rise in quarterly profit, boosted by consumer spending. But its stock dropped, as did shares in Wells Fargo, which posted disappointing net income per share. Citi’s quarterly profit fell after the bank took a $1.2 billion loss from selling its Russia operations. Most Read from The Wall Street Journal Gold and silver futures both hit intraday record highs, boosted by geopolitical ...