Bank of America, Wells Fargo extend losses; Japanese firms in gainers: week's financials wrap

businessinsider
2026.05.16 14:12

Wall Street ended the week mostly unchanged amid inflation pressures and Treasury yield surges. Bank of America and Wells Fargo saw losses, while Mitsubishi UFJ Financial gained 4.96% after revising its financial targets. Visa's stock rose 2.18% following a share exchange announcement. Other notable movements included Rocket Companies and Nu Holdings declining after quarterly results, while Accelerant and Figure Technology Solutions led midcap gainers. Ethos Technologies was the biggest smallcap loser, down 27.03%. Overall, market breadth weakened despite the S&P 500 rally.