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Zacks News
San Francisco-based – Wells Fargo & Company is one of the largest financial services company in the U.S. with $1.95 trillion in assets and more than $1.4 trillion in deposits. The company provides banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage services and consumer and commercial finance through over 7,200 stores, 13,000 ATMs, the internet and other distribution channels across North America and globally. The company provides its services through three broad segments: Community Banking offers a complete line of diversified financial products and services to consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student, and small business lending. Wholesale Banking provides financial solutions to businesses across the United States and globally with annual sales generally in excess of $5 million. Wealth and Investment Management provides a full range of personalized wealth management, investment and retirement products and services to clients across U.S. based businesses.
Positive Start to Q4 Earnings Season
by Sheraz Mian
We are off to a great start in Q4 earnings season, with the big banks coming out with a notably improved profitability picture relative to what they were able to show in preceding periods.
Economic Data Deluge
by Zacks Equity Research
Economic Data Deluge
Wells Fargo (WFC) Q4 Earnings Beat, Stock Falls on Lower Revenues
by Zacks Equity Research
Wells Fargo's (WFC) Q4 results reflect solid mortgage activity, reduced net interest income, along with lower provisions and expenses.
Retail Sales Fall -0.7%; Big Banks Report Q4: JPM, C, WFC
by Mark Vickery
We see a plethora of economic and earnings data: Retail Sales, Producer Price Index, Empire State and Big Bank Earnings have all hit the tape. And this is just for starters.
Wells Fargo (WFC) Q4 Earnings Surpass Estimates
by Zacks Equity Research
Wells Fargo (WFC) delivered earnings and revenue surprises of 8.47% and -0.53%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Biden Proposes $1.9T in Aid; Powell Staying Dovish
by Mark Vickery
The incoming Biden administration unveiling its new stimulus package as well as fresh remarks from Fed Chair Jay Powell may have informed the market, but did little to sway it.
First Republic (FRC) Q4 Earnings Beat on Higher Revenues
by Zacks Equity Research
First Republic's (FRC) Q4 earnings outperformance driven by stellar net interest and non-interest income, partly mitigated by elevated expenses and provisions.
Will Mortgage Banking Support Wells Fargo (WFC) Q4 Earnings?
by Zacks Equity Research
Wells Fargo's (WFC) Q4 earnings are likely to have been affected by low rates, partly offset by improved fee income, including strong mortgage activity during the quarter.
Beige Book Clarifies Economic Prints Elesewhere
by Mark Vickery
It's somewhat comforting to see agreement from disparate economic surveys -- at least we can agree where we're currently headed.
5 Must-See Big Bank Earnings Charts
by Tracey Ryniec
The big banks have been hot to start 2021. Which have the best earnings surprise track records and charts?
Time to Bet on Bank ETFs Before Earnings Release?
by Sanghamitra Saha
Big banks will start releasing their quarterly numbers this week. The chances of a broad-based earnings beat are high.
Markets Close in the Red, Closer to Breakeven
by Mark Vickery
Indexes both opened and closed in the red this Monday trading day, pulling higher from the lows reached during today's pre-market.
JPMorgan, Wells Fargo, Citigroup and Delta Air Lines are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, Wells Fargo, Citigroup and Delta Air Lines are part of Zacks Earnings Preview
Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $33.19 in the latest trading session, marking a -0.72% move from the prior day.
Big Bank Q4 Earnings Preview
by Sheraz Mian
The large money-center banks that will kick-off the Q4 2020 earnings season for the sector this week have suffered a significant hit to profitability as a result of the pandemic...
Earnings Preview: Wells Fargo (WFC) Q4 Earnings Expected to Decline
by Zacks Equity Research
Wells Fargo (WFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Truist (TFC) Signs Deals to Sell Institutional Retirement Business
by Zacks Equity Research
Truist Financial (TFC) sells institutional 401(k) investment advisory services business to OneDigital, and signs deal to sell institutional 401(k) recordkeeping businesses to Ascensus and Empower.
Bank Stock Roundup: USB, JPM, WFC & TFC in Focus on Restructuring Initiatives
by Swayta Shah
U.S. Bancorp (USB), JPMorgan (JPM), Wells Fargo (WFC), Truist (TFC) & Fifth Third (FITB) continue with their business restructuring activities. Also, Bank OZK (OZK) announces a quarterly dividend hike.
Wells Fargo (WFC) Announces End of 2015 AML Consent Order
by Zacks Equity Research
With continued investments to enhance compliance and risk management capability, and CEO Charles Scharf's focus to revamp the bank, Wells Fargo (WFC) might be able to get past its legal issues.
Associated Banc-Corp (ASB) to Sell Wealth Unit to Rockefeller
by Zacks Equity Research
Sale of the wealth management business is likely to strengthen Associated Banc-Corp's (ASB) balance sheet and liquidity position.
Is a Rebound Likely for Wells Fargo (WFC) Stock in 2021?
by Zacks Equity Research
Though Wells Fargo (WFC) performed dismally in 2020, the stock might rebound this year on economic recovery, streamlining activities and normalization of business operations.
Wells Fargo (WFC) in Restructuring Mode, May Expand Investment Arm
by Zacks Equity Research
Wells Fargo (WFC) likely to expand investment banking operations to remain competitive and profitable in the market, per Bloomberg.
Wells Fargo (WFC) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $30.18 in the latest trading session, marking a +1.45% move from the prior day.
Treasury Yields Climb on Brexit Trade Deal Hopes, Mixed Economic Data
by Priti Dhanuka
The Treasury yields hits high as mixed economic reports and indications of a Brexit trade deal perk up markets pushing financial stocks including BofA (BAC), Wells Fargo (WFC), JPMorgan (JPM), CIT Group (CIT), Invesco Mortgage (IVR), AG Mortgage (MITT) and MFA Financial (MFA).
Contrary Exercise Brings Risk and Opportunity
by David Borun
The mechanics concerning which options are automatically exercised can mean the difference between profit and loss.