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Stock impact report

Why Wells Fargo (WFC) Shares Are Getting Obliterated Today [Yahoo! Finance]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The bank was one of several financial institutions, including Barclays and Jefferies Financial Group, whose shares fell as the extent of potential losses from the failed lender became clear. Creditors of the UK firm warned of a £930 million ($1.3 billion) shortfall in collateral that was backing their loans, which raised worries about Wells Fargo's risk profile. Adding to the concerns, hotter-than-expected inflation data and rising concerns over credit risk rattled investors. January's Producer Price Index (PPI), a measure of wholesale inflation, rose 0.5% against expectations of 0.3%, with the core component jumping 0.8%. This report fuels the narrative of "sticky inflation," suggesting the Federal Reserve may have limited room to cut interest rates. Compounding these worries are growing anxieties in the credit markets. According to a Bank of America strategist, problem loans are an increasing concern that could pressure lenders. Investors are reassessing credit risk, particular Show less Read more
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