Stock Movers Wells Fargo Profit Misses Estimates; Bank Of America Beats; Netflix Revises Terms for Warner Brothers
Jan 14, 2026
Wells Fargo's profit fell short due to expensive severance costs and disappointing net interest income. In contrast, Bank of America exceeded expectations with a strong performance in net interest income. Meanwhile, Netflix is exploring an all-cash offer for Warner Bros. Discovery, aiming to accelerate its acquisition amid industry opposition. The episode also touches on Intel's recent rally, fueled by upgrades and favorable political conditions.
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Wells Fargo's Mixed Quarter
- Wells Fargo missed Q4 profit expectations as net interest income fell about $100 million short and investment banking was weak.
- The bank spent $612 million on severance while projecting a rebound to ~$50 billion in net interest income this year.
Bank Of America Outperformed Peers
- Bank of America beat on net interest income with $15.8 billion and showed stronger investment banking and equities results.
- CEO Brian Moynihan expressed bullishness on the U.S. economy, contrasting Jamie Dimon's more cautious tone.
Netflix May Move To All-Cash Bid
- Netflix is discussing switching its offer for Warner Bros. to an all-cash deal to speed up the acquisition process.
- The move aims to counter competition from Paramount Skydance and political and investor scrutiny of the takeover.