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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.
The Zacks Stocks in the News Blog Highlights: Blaze Pizza, Bank Stocks, Target, Netflix
by Madeleine Johnson
The Zacks Stocks in the News Blog Highlights: Blaze Pizza, Bank Stocks, Target, Netflix
Should You Buy Bank ETFs on the Dip?
by Sanghamitra Saha
Though banking ETFs retreated despite stronger-than-expected Q4 earnings, investors can use the dip as a buying opportunity.
Citizen Financial (CFG) Tops Q4 Earnings on High Revenues
by Zacks Equity Research
Driven by higher revenues, Citizens Financial Group, Inc. (CFG) delivered a positive earnings surprise of 5.8% in fourth-quarter 2016. Adjusted earnings per share came in at 55 cents, beating the Zacks Consensus Estimate of 52 cents.
Regions Financial (RF) Q4 Earnings Beat, Expenses Flare Up
by Zacks Equity Research
Regions Financial Corporation's (RF) fourth-quarter 2016 earnings from continuing operations of 24 cents per share surpassed the Zacks Consensus Estimate of 22 cents. Also, the figure was 9.1% higher than the prior-year quarter earnings.
People's United (PBCT) Q4 Earnings in Line, Revenue Lags
by Zacks Equity Research
People's United Financial Inc.'s (PBCT) fourth-quarter 2016 operating earnings of 24 cents per share were in line with the Zacks Consensus Estimate. The reported figure was up 9.1% year over year from 22 cents.
M&T Bank (MTB) Disappoints on Q4 Earnings, Revenues Up
by Zacks Equity Research
M&T Bank Corporation's (MTB) net operating earnings of $2.01 per share for fourth-quarter 2016 lagged the Zacks Consensus Estimate $2.03. Also, the bottom line declined 3.8% year over year.
Zacks Earnings Trends Highlights: Wells Fargo and Morgan Stanley
by Zacks Equity Research
Zacks Earnings Trends Highlights: Wells Fargo and Morgan Stanley
Citigroup (C) Tops Q4 Earnings, Trading Revenues Surge
by Zacks Equity Research
Wall Street banking giant, Citigroup Inc. (C) delivered a positive earnings surprise of 1.8% in fourth-quarter 2016, driven by decline in operating expenses
U.S. Bancorp (USB) Q4 Earnings Beat on Improved Lending
by Zacks Equity Research
U.S. Bancorp's (USB) fourth-quarter 2016 earnings per share of 82 cents came a penny above the Zacks Consensus Estimate.
Northern Trust (NTRS) Q4 Earnings Lag, Expenses Rise
by Zacks Equity Research
Northern Trust Corporation's (NTRS) fourth-quarter 2016 earnings per share of $1.11 lagged the Zacks Consensus Estimate of $1.14. However, the reported figure compared favorably with 99 cents in the year-ago quarter.
Goldman (GS) Tops Q4 Earnings Estimates on Solid Revenues
by Zacks Equity Research
Driven by a surge in fixed-income revenues, The Goldman Sachs Group, Inc.'s (GS) fourth-quarter 2016 results recorded a positive earnings surprise of 6.7%. The company reported earnings per share of $5.08, outpacing the Zacks Consensus Estimate of $4.76.
Synovus (SNV) Q4 Earnings Beat, High Expenses Hit Stock
by Zacks Equity Research
Buoyed by higher revenues, Synovus Financial Corporation (SNV) recorded a positive earnings surprise of 1.9% in fourth-quarter 2016. Adjusted earnings of 54 cents per share beat the Zacks Consensus Estimate by a penny.
Bank Earnings & the Trump Effect
by Sheraz Mian
Stocks have been waiting to get greater clarity on the incoming administration's policy priorities.
Bank Earnings & the Trump Effect
by Sheraz Mian
Stocks have been waiting to get greater clarity on the incoming administration's policy priorities.
Stock Market Roundup, Jan. 17: Bank Stocks (JPM, BAC, GS) Drag Markets Down
by Ryan McQueeney
The major indexes were red on Tuesday thanks, in part, to the banking sector. Despite strong earnings results, banking stocks slid across the board and helped make Tuesday a difficult day for the rest of the market.
Bank Stocks Slide Despite Strong Earnings, Trump Boost
by Ryan McQueeney
Despite a relatively strong fourth-quarter earnings season, the banking sector is taking a beating on Tuesday. Some of the world's largest banks, including JPMorgan Chase (JPM), Wells Fargo (WFC), Bank of America (BAC), and Goldman Sachs (GS) are sliding as investors appear to have lost interest in the thriving industry.
Comerica (CMA) Tops Q4 Earnings Estimates, Expenses Drop
by Zacks Equity Research
Comerica Inc. (CMA) delivered a positive earnings surprise of 4.2% in fourth-quarter 2016. Adjusted earnings per share of 99 cents came ahead of the Zacks Consensus Estimate of 95 cents.
Morgan Stanley (MS) Tops Q4 Earnings; Bond Trading Triples
by Zacks Equity Research
Impressive bond trading drove Morgan Stanley's (MS) fourth-quarter 2016 earnings from continuing operations of 81 cents per share, which handily surpassed the Zacks Consensus Estimate of 65 cents.
by Zacks Equity Research
Top Research Reports for 16th January, 2017
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Wells Fargo (WFC), Accenture (ACN) and Eli Lilly (LLY).
Wells Fargo's (WFC) Q4 Earnings Beat, Expenses Flare Up
by Zacks Equity Research
Driven by interest income, Wells Fargo & Company's (WFC) fourth-quarter 2016 earnings recorded a positive surprise of about 3%. Adjusted earnings of $1.03 per share outpaced the Zacks Consensus Estimate by 3 cents.
AWS 1/13: Q4 Earnings Season: The Big Banks - JPM, BAC, WFC
by Mark Vickery
Though Friday the 13th is the first big day of Q4 earnings season, there really isn't anything too ominous to expect for market participants.
Wells Fargo (WFC) Q4 Earnings Beat on High Interest Income
by Zacks Equity Research
Wells Fargo came out with adjusted earnings per share of $1.03, beating the Zacks Consensus Estimate of $1.00. Higher net interest income was primarily responsible for this earnings beat.
Big Banks Q4 Earnings to Watch on Jan 13: JPM, BAC, WFC, PNC
by Zacks Equity Research
The Q4 earnings season for bank stocks commences tomorrow with some of the big names reporting their results, before the opening bell.
The Best Big Bank Earnings Charts
by Tracey Ryniec
You'll be surprised which of the big banks have the best earnings surprise records.