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Zacks News
Wells Fargo (WFC) Faces Probe for Improper Home Foreclosures
by Zacks Equity Research
Wells Fargo (WFC) undertakes restructuring of Wholesale unit while disclosing a new inquiry related to modifications in mortgage loans.
Wells Fargo (WFC) Closes Auto Lending Segment's Asset Sales
by Zacks Equity Research
Wells Fargo (WFC) sells about $1.6 billion in retail auto loans and $360 million in commercial loans to Popular's banking arm, Banco Popular de Puerto Rico, per all-cash deal announced in February.
Wells Fargo Enters Into Settlement With DOJ for RMBS Suit
by Zacks Equity Research
Wells Fargo (WFC) agrees to pay a massive fine without admitting liability of the allegations it has been charged with.
One of Wall Street's Top Analysts Warns Against Trade War
by Chloe Shin
With the trade war looming upon us, Goldman Sachs chief U.S. equity strategist David Kostin warned investors about how it will affect U.S. Companies. According to Kostin, if trade tensions worsen, and a 10 percent tariff were imposed on all U.S. imports, Goldman would lower its 2019 S&P 500 EPS estimate by 15 percent.
Bank ETFs Rise on the Wave of Big Releases
by Sanghamitra Saha
Inside the performance of the financial ETFs in light of big banks' earnings.
Bank Stock Roundup: Q2 Earnings Season Unfolds, JPMorgan, BofA & Citi Top Estimates
by Zacks Equity Research
Investor sentiment upbeat on banks' Q2 earnings, with the major players displaying top-line strength on the back of higher rates and improved trading.
The Zacks Analyst Blog Highlights: Wells Fargo, IBM, Abbott, Texas Instruments and Praxair
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Wells Fargo, IBM, Abbott, Texas Instruments and Praxair
Fifth Third (FITB) Q2 Earnings Top Estimates, Provisions Fall
by Zacks Equity Research
Fifth Third Bancorp's (FITB) second-quarter 2018 results reflect solid growth in loans and deposit balances aiding revenues, partially offset by higher expenses.
Texas Capital (TCBI) Q2 Earnings Meet Estimates, Costs Up
by Zacks Equity Research
Texas Capital Bancshares' (TCBI) second-quarter 2018 results reflect solid growth in loans and deposit balances, partially offset by higher provisions and expenses.
Top Stock Reports for Wells Fargo, IBM & Abbott
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Wells Fargo (WFC), IBM (IBM) and Abbott (ABT).
U.S. Bancorp's (USB) Q2 Earnings Beat on Higher Revenues
by Zacks Equity Research
U.S. Bancorp's (USB) second-quarter 2018 results reflect easing margin pressure, along with solid growth in loans and deposit balances.
Northern Trust (NTRS) Q2 Earnings Rise on Solid Revenues
by Zacks Equity Research
Northern Trust's (NTRS) second-quarter 2018 results reflect higher revenues, partly offset by elevated expenses.
Is Joining Forces the Only Path to Survival for Tribune (TRCO) and Sinclair (SBGI)?
by Afrasiab Mian
After FCC Chairman Ajit Pai voiced his concerns over the proposed deal, shares of both Tribune (TRCO) and Sinclair (SBGI) plummeted. Just how important is it for the two firms to come together?
Goldman Sachs (GS) Q2 Earnings Impress on Record Revenues
by Zacks Equity Research
Goldman Sachs' (GS) second-quarter 2018 results reflect continued investment banking momentum and strong underwriting business, along with fixed income trading activities outperformance.
Comerica (CMA) Q2 Earnings Improve Y/Y, Revenues Increase
by Zacks Equity Research
Comerica's (CMA) Q2 results reflect successful implementation of GEAR Up initiatives.
Charles Schwab (SCHW) Climbs 0.9% Ahead of Earnings: What To Watch
by Benjamin Rains
Shares of Charles Schwab (SCHW) popped nearly 1% during regular trading hours Monday, just one day before the financial services firm is set to release its latest quarterly financial results. Let's see what investors should expect.
How Will Goldman Sachs (GS) and Morgan Stanley (MS) Perform After Big Banks Earnings?
by Afrasiab Mian
Earnings season is now in full session after JP Morgan (JPM) and Citigroup (C) beat earnings on Friday while Wells Fargo (WFC) stumbled. Bank of America (BAC) and Blackstone (BLK) were the headliners on Monday, both surpassing expectations and boosting investor confidence.
Stock Market News For Jul 16, 2017
by Zacks Equity Research
Markets closed higher on Friday, with the S&P 500 posting its highest close in more than five months.
BofA (BAC) Beats Q2 Earnings on Loan Growth & Higher Trading
by Zacks Equity Research
Rise in trading income and loan growth support BofA's (BAC) Q2 earnings. However, muted investment banking and a rise in credit costs were headwinds.
Wells Fargo, JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley are part of Zacks Earnings Preview
by Zacks Equity Research
Wells Fargo, JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley are part of Zacks Earnings Preview
Upcoming Tech Earnings to Watch: NFLX, MSFT, SWKS
by Ryan McQueeney
Earnings growth is expected to be aplenty this season--although it will take a strong batch of marquee reports for investors to overlook global trade war uncertainty. One important battleground will be in the technology sector. Here are the most important tech earnings reports to watch next week.
Wells Fargo (WFC) Q2 Earnings Miss, Fee Income Disappoints
by Zacks Equity Research
Wells Fargo (WFC) reports negative earnings surprise of 3.6% in second-quarter 2018 due to lower mortgage banking revenues.
Citigroup (C) Q2 Earnings Top on High Revenues, Stable Costs
by Zacks Equity Research
Citigroup (C) delivers positive earnings surprise of 5.2% in second-quarter 2018 on top-line strength.
Bank Earnings Recap, CPI Growth, Tariffs, & Venmo-Uber Partnership
by Ryan McQueeney
Associate Stock Strategists Ryan McQueeney and Ben Rains take on this week's biggest stories, including the latest in Trump's ongoing trade war with China and June's CPI data. The hosts also discuss Venmo's new partnership with Uber, and later, they recap Friday morning's top bank earnings reports.
Q2 Earnings From JPM, WFC, C and PNC
by Zacks Equity Research
Q2 Earnings From JPM, WFC, C and PNC