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Wells Fargo, Bank of America in losers; IREN, Hut 8, Circle Internet among gainers: week's financials wrap
This article summarizes the week in financials, noting that Wells Fargo and Bank of America experienced losses while IREN, Hut 8, and Circle Internet saw gains. It discusses investor reactions to a strong U.S. jobs report, semiconductor earnings, and geopolitical tensions, alongside the impact of AI adoption and security concerns on banking stocks and the outperformance of cryptocurrency-related stocks.