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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.
Cramer Dubs Wells Fargo A "Rogue Bank" After New Fake Accounts Discovered
by Ryan McQueeney
After a deeper investigation into its fraudulent sales scheme, Wells Fargo (WFC) revealed that it discovered up to 1.4 million more fake accounts than it previously estimated, leading famous Wall Street commentator Jim Cramer to declare the company a "rogue bank."
FDIC-Insured Banks Q2 Earnings Encouraging, Margins Improve
by Zacks Equity Research
Federal Deposit Insurance Corporation (FDIC)-insured commercial banks and savings institutions' second-quarter 2017 earnings were impressive, with rising revenues and loan balance.
Wells Fargo (WFC) Faces Probe for Closing Authentic Accounts
by Zacks Equity Research
Wells Fargo (WFC) is under investigation for closing real customer accounts.
Bank Stock Roundup: Inflation & Policy Matters Dominate, Wells Fargo, KeyCorp in Focus
by Zacks Equity Research
Investors' pessimistic stance continued for the banking stocks over the last five trading days. Inflation woes and uncertainty related to implementation of proposed policy changes dominated the headlines.
Company News For August 17, 2017
by Tirthankar Chakraborty
Companies in the news are: A,TGT,URBN,WFC
Play US and Revenues with iShares' New Large-Cap ETF
by Sanghamitra Saha
iShares' new fund is large-cap in nature and includes stocks that derive 85% or more of their sales from the United States.
Wells Fargo Accused of Levying High Early Termination Fees
by Zacks Equity Research
Wells Fargo (WFC) faces lawsuit for charging massive fees to small business owners.
The Zacks Analyst Blog Highlights: Wells Fargo & Company, First Data, Citigroup, Fifth Third Bancorp and SunTrust Banks
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Wells Fargo & Company, First Data, Citigroup, Fifth Third Bancorp and SunTrust Banks
Why Is Wells Fargo (WFC) Up 2% Since the Last Earnings Report?
by Zacks Equity Research
Wells Fargo (WFC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Snap the Market Slumber With These 5 Winning Financial Picks
by Swarup Gupta
A variety of factors have investors rooting for financials which makes them great picks for the near future.
Wells Fargo Faces Another Probe over Auto Insurance Business
by Zacks Equity Research
Wells Fargo (WFC) is currently under scrutiny over its guaranteed auto protection insurance program.
Wells Fargo (WFC) Hit by Lawsuit Over Unauthorized Card Fees
by Zacks Equity Research
Wells Fargo's (WFC) joint venture with First Data hit by lawsuit over unauthorized credit card fees charged to merchants.
Wells Fargo (WFC) Settles Decade-Long Lawsuit on VA Loans
by Zacks Equity Research
Wells Fargo (WFC) to pay $108 million to the U.S. government for the settlement of a lawsuit filed in 2006.
The Zacks Analyst Blog Highlights: Chevron, Wells Fargo & Company, Medtronic, Sony and EOG Resources
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Chevron, Wells Fargo & Company, Medtronic, Sony and EOG Resources
Top Analyst Reports for Chevron, Wells Fargo & Medtronic
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Chevron Corporation (CVX), Wells Fargo & Company (WFC) and Medtronic plc (MDT).
Wells Fargo Lays Off 70 Executives Post Accounts Scandal
by Zacks Equity Research
Wells Fargo & Company (WFC) has decided to lay off some senior executives in order to organize management.
PayPal (PYPL) Gears Up for Q2 Earnings: Is a Beat in Store?
by Zacks Equity Research
PayPal Holdings (PYPL) to benefit from growing digital payments and strategic partnerships.
The Zacks Analyst Blog Highlights: JPMorgan Chase, Citigroup, Wells Fargo, Bank of America and The PNC Financial Services Group
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan Chase, Citigroup, Wells Fargo, Bank of America and The PNC Financial Services Group
Dow 30 Stock Roundup: AmEx, Goldman, JPMorgan Beat
by Swarup Gupta
The Dow continued to trade within a tight band during a week dominated by earnings.
People's United (PBCT) Beats on Q2 Earnings, Revenues Rise
by Zacks Equity Research
People's United (PBCT) witnessed a rise in its loans and deposits but expenses flared up.
Revenues Drive Regions Financial (RF) Q2 Earnings, Costs Up
by Zacks Equity Research
Regions Financial Corporation's (RF) second-quarter earnings reflect growth in loans and improvement in credit quality metrics.
Huntington (HBAN) Q2 Earnings Beat Estimates, Revenues Up
by Zacks Equity Research
Huntington Bancshares Incorporated's (HBAN) second-quarter results reflected benefit from the FirstMerit acquisition.
How Banking ETFs Are Behaving Post Earnings
by Sanghamitra Saha
Inside Q2 banking earnings and impact on financial ETFs.
BancorpSouth's (BXS) Q2 Earnings Beat on Higher Revenues
by Zacks Equity Research
Strong loans and deposits balances, along with stable non-interest expenses, boosted BancorpSouth, Inc.'s (BXS) earnings in the second quarter.
Texas Capital (TCBI) Q2 Earnings Beat, Expenses Escalate
by Zacks Equity Research
Texas Capital Bancshares Inc.'s (TCBI) second-quarter results reflect solid growth in loans and deposit balances.