Closing Bell: Bank of America CEO on Earnings, Wells Fargo CFO Weighs In, Defense Downgrade 1/13/23

Stocks made an impressive comeback throughout the session after opening lower following big bank earnings. Bank of America CEO Brian Moynihan joins exclusively with his thoughts on the investment banking landscape, the possibility of a recession, and the state of the consumer. Sara also speaks with Wells Fargo’s CFO Mike Santomassimo for a look inside his quarter and the bank’s moves in the mortgage market. Plus the latest on Tesla, a tech warning, and Goldman Sachs analyst Noah Poponak on why he’s turning bearish on some defense names.