The oilfield services firms appear set to profit from a rebounding industry, though some comments from the global leaders indicate troubles could be on the horizon for U.S. shale production.
Wells Fargo, led by CEO Tim Sloan, is struggling to recover from a series of scandals stemming from an alleged corporate culture of aggressive sales practices, including the opening of millions of unauthorized accounts on behalf of customers and selling them unnecessary auto insurance.
The Morris Plains, N.J.-based industrial giant reported adjusted earnings $1.95 per share on revenue $10.39 billion.
General Electric shares moved higher Friday, following better than expected earnings. When analyzing the stock, it's important to take stock of your cost basis, or the price you paid to enter the stock, according to one expert.