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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.
Previewing the 2020 Q1 Earnings Season
by Sheraz Mian
From our standpoint, the 2020 Q1 earnings season has actually gotten underway already. And we have another 8 S&P 500 members with fiscal quarters ending in February on deck to report such 2020 Q1 results this week...
JPMorgan (JPM) to Cut 140 Switzerland Jobs to Reduce Costs
by Zacks Equity Research
JPMorgan (JPM) will likely cut as many as 140 jobs in Switzerland as part of its efforts to reduce costs.
Fifth Third (FITB) Faces Lawsuit Over Fake Account Opening
by Zacks Equity Research
Fifth Third (FITB) faces a lawsuit filed by the CFPB, accusing of opening fake accounts to meet sales targets.
Bank Stock Roundup: Coronavirus, 'Emergency' Fed Rate Cut & Wells Fargo Dominate
by Swayta Shah
Coronavirus scare leads the Fed to cut interest rates with an aim to support the U.S. economy. Banks will be adversely impacted by lower rates and virus related disruptions across the globe.
Wells Fargo Found Non-Compliant With Settlements by Committee
by Zacks Equity Research
The U.S. House Financial Services Committee finds that Wells Fargo (WFC) still has the potential to cause widespread consumer harm.
Fed Approves 'Stress Capital Buffer' Rule: Banks to Benefit
by Priti Dhanuka
The "stress capital buffer," also known as SCB approved by the Federal Reserve for large banks effective stress test 2020.
Banks Poised to Gain From Historically Low Mortgage Rates
by Nikita Kataruka
Banks with mortgage lending operations will likely benefit from an expected increase in refinancing activity due to the recent decline in mortgage rates.
Wells Fargo to Launch Two Accounts to Limit Overdraft Fees
by Zacks Equity Research
Wells Fargo (WFC) plans to introduce two accounts by early next year to help customers avoid overdraft fees.
Citigroup (C) to Hire 500 Tech Employees in Tampa Bay Area
by Zacks Equity Research
Citigroup (C) to create new technology-focused jobs as well as positions such as data engineers, software engineers and business and data analysts.
Unprecedented Monetary Stimulus To Get In Front Of The Coronavirus
by Daniel Laboe
The Federal Reserve cut its benchmark interest rate by 50 basis points Tuesday morning
Workday's HCM Solutions to Aid Wells Fargo With HR Overhaul
by Zacks Equity Research
Workday's (WDAY) HCM solutions have been adopted by Wells Fargo in a bid to enhance HR capabilities and improve employee experience.
Bank Stock Roundup: Ambiguity Over Coronavirus Prevails, JPMorgan in Focus
by Zacks Equity Research
Banking stocks depreciate on emergence of COVID-19 as a global epidemic, causing the yield on benchmark 10-year Treasury note dip to a historical low.
Square (SQ) Looks Strong Going Into Q4 Earnings
by Daniel Laboe
Will tonight's earnings launch this stock up and out of its recent trading slump?
JPMorgan to Gain from Expected Recovery in Mortgage Business
by Zacks Equity Research
JPMorgan (JPM) is expected to benefit from signs of a recovery in its mortgage business in the near term.
The Zacks Analyst Blog Highlights: Coca-Cola, Wells Fargo, U.S. Bancorp, TJX Companies and Southern
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Coca-Cola, Wells Fargo, U.S. Bancorp, TJX Companies and Southern
Wells Fargo Fined $3B by Regulators to Settle Sales Scandal
by Zacks Equity Research
Though the settlement of fake account litigation will help Wells Fargo (WFC) overcome a major hurdle, several other ongoing probes remain a drag on its financials.
Top Analyst Reports for Coca-Cola, Wells Fargo & U.S. Bancorp
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Coca-Cola (KO), Wells Fargo (WFC) and U.S. Bancorp (USB).
Broad Declines Follow the Continued Spread of the Coronavirus
by David Borun
Investors look for safety as infections spread outside mainland China and the death toll mounts.
Wells Fargo Nears Deal With Authorities Over Sales Scandal
by Zacks Equity Research
Though the settlement of fake account litigation will help Wells Fargo (WFC) overcome a major hurdle, several other ongoing probes will continue to weigh on its financials.
Buffett Believes Stocks are Overvalued? Buy These Bargains
by Tirthankar Chakraborty
There are quality value stocks that are perceived to be "bargains" or are undervalued. And since the broader economy is doing pretty well, these stocks will certainly demonstrate continued profitability and its shares will move north banking on fundamental strength
Wells Fargo Mulls to Lay Off 700 Tech Employees in Manila
by Zacks Equity Research
Wells Fargo (WFC) aims to control costs and improve efficiency with the job cuts in Manila.
Bank Stock Roundup: Covid-19 Virus, Restructuring Efforts, JPM, WFC in Focus
by Swayta Shah
Restructuring efforts and use of technology to enhance revenues have been the main themes for banks over the last five trading days amid concerns related to impact of Covid-19 virus globally.
Wells Fargo Streamlines Units, Restructures Accountability
by Zacks Equity Research
Wells Fargo (WFC) revamps business segments, along with formation of a new Strategy, Digital Platform & Innovation group.
Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman
by Zacks Equity Research
Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman
Zacks Value Trader Highlights: Wells Fargo, The Andersons, KB Home, Bunge and Dick's Sporting
by Zacks Equity Research
Zacks Value Trader Highlights: Wells Fargo, The Andersons, KB Home, Bunge and Dick's Sporting