Bank of America (BAC - Get Report) reported earnings of 40 cents a share, vs. the 38 cents expected. Revenue was $20 billion, which was on the light side of consensus. CEO Brian Moynihan says the bank is well-positioned to deliver for shareholders in 2017.
Nintendo (NTDOY) shares are falling in Japan over disappointment about the new Switch console. Investors fear the company has priced the Switch too high. At $300, it may not be competitive with other devices, especially since there are only 6 games available when it goes on sale. The Switch will be available for purchase March 3.
More automakers are being probed for cheating on emissions. Paris prosecutors are opening a preliminary investigation into emissions by Renault vehicles weeks after fraud watchdogs said their research found enough material to require further investigation, sending the automakers shares sliding. Meanwhile, Fiat Chrysler (FCAU - Get Report) shares are rebounding in Italy.