iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max Todd Haselton | CNBC J.P. Morgan raised its price target on Apple’s stock Monday, expecting the company’s shares will rise 21% as sales of its new line of iPhone are “stronger than muted expectations.” “We are modestly raising our iPhone volume forecasts and expect investor sentiment
Investing
Pedestrians pass in front of a TD Ameritrade location in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Interactive Brokers will now make any amount of your stock trades without commission fees, threatening rival brokerage firms. Shares of retail brokerage firms TD Ameritrade, Charles Schwab, and E-Trade Financial all traded down Thursday
Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) applaud during the Nasdaq opening bell ceremony celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Here are the biggest calls on Wall Street on Friday: Wells Fargo raised
CNBC’s Jim Cramer on Friday called Wells Fargo‘s selection of veteran banking leader Charles Scharf as its new CEO a “brilliant move.” “This was a job that was offered to Charlie a while ago. And Charlie didn’t want to take it,” Cramer said. “But I think the opportunity was just too great, was my understanding.”
Charles Scharf Qilai Shen | Bloomberg | Getty Images Three decades before Charlie Scharf was named CEO of Wells Fargo, he got his start by mailing his resume to an up-and-coming banker named Jamie Dimon. Scharf was a senior at Johns Hopkins University when Dimon hired him at Baltimore lender Commercial Credit. That move proved