Bank of America's quarterly results delivered a trading revenue beat, yet rising expenses sent shares lower. The bank's performance was overshadowed by cost pressures, a recurring theme this earnings season. Meanwhile, Wells Fargo missed analyst estimates, while Citigroup saw its dealmakers generate substantial income, painting a mixed picture for the nation's largest financial institutions.

The broader bank earnings bonanza arrives as markets parse the Federal Reserve's path forward. Former Fed Advisor Neil Grossman joined Bloomberg Open Interest, delivering a blistering critique of the central bank's recent policy decisions, calling their handling of inflation and rates a "horrible" job. His comments add to the ongoing debate about monetary policy's impact on the financial sector.

Beyond banking, Meta's escalating power needs for its AI infrastructure are pushing the tech giant toward nuclear solutions. The company is reportedly in talks with Oklo to secure advanced fission reactors for its data centers. CEO Jake DeWitte is set to discuss the partnership, which represents a major bet on next-generation energy to fuel the AI boom.