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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.
Morgan Stanley (MS) Beats Q2 Earnings on Equity Trading Gain
by Zacks Equity Research
Continued strength in equity trading drove Morgan Stanley's (MS) second-quarter 2017 earnings, which easily surpassed the Zacks Consensus Estimate.
Northern Trust's (NTRS) Q2 Earnings Miss, Revenue Rises
by Zacks Equity Research
Impacted by low non-interest income and high expenses, Northern Trust Corporation (NTRS) reported a negative earnings surprise of 4.8% in second-quarter 2017.
U.S. Bancorp (USB) Q2 Earnings Beat, Costs & Provisions Rise
by Zacks Equity Research
Driven by high net interest income, U.S. Bancorp (USB) reported a positive surprise of 1.2% in second-quarter 2017. The company reported earnings per share of 85 cents, beating the Zacks Consensus Estimate by a penny.
Synovus' (SNV) Q2 Earnings Beat on High Revenues, Costs Rise
by Zacks Equity Research
Driven by revenue growth, Synovus Financial Corporation (SNV) recorded a positive earnings surprise of 1.7% in second-quarter 2017.
BofA's (BAC) Q2 Earnings Top on Investment Banking, Loans
by Zacks Equity Research
Higher investment banking fees as well as loan growth drove BofA's (BAC) second-quarter 2017 earnings, which outpaced the Zacks Consensus Estimate.
Goldman's (GS) Equities Revenue, Low Costs Drive Q2 Earnings
by Zacks Equity Research
Driven by increase in net revenues in equity securities, The Goldman Sachs Group, Inc.'s (GS) second-quarter 2017 results recorded a positive earnings surprise of 17.6%.
Should Goldman Sachs (GS) Investors Worry About Sluggish Bank Stocks?
by Ryan McQueeney
Bank stocks are down to start the week despite earnings beats across the board. Does this foreshadow a slump from investment behemoth Goldman Sachs (GS) after it reports on Tuesday?
Why Bank ETFs Fell on Friday Despite Decent Earnings?
by Sanghamitra Saha
What weighed on Bank ETFs on July 14 despite decent earnings results?
Stock Market News for July 17, 2017
by Zacks Equity Research
Benchmarks finished at record highs on Friday as tech stocks gained
JPMorgan, Citigroup, Wells Fargo and PNC Financial are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, Citigroup, Wells Fargo and PNC Financial are part of Zacks Earnings Preview
Citigroup (C) Beats on Q2 Earnings, Shares Fall Slightly
by Zacks Equity Research
Citigroup Inc. (C) delivered a positive earnings surprise of 5.0% in second-quarter 2017, riding on higher revenues. The company's income from continuing operations per share of $1.27 for the quarter outpaced the Zacks Consensus Estimate of $1.21.
Bank Earnings Are Good, But Fail to Impress
by Sheraz Mian
The Q2 earnings season is off to a good start.
Bank Earnings in the Spotlight
by Sheraz Mian
Q2 earnings growth for the banking industry is expected to be below the year-earlier level.
Wells Fargo (WFC) Tops Q2 Earnings Estimates, Costs Flare Up
by Zacks Equity Research
Higher interest income drove Wells Fargo & Company's (WFC) second-quarter 2017 earnings which recorded a positive surprise of about 4.9%. Earnings of $1.07 per share outpaced the Zacks Consensus Estimate of $1.02.
All Eyes On Q2 Earnings Result
by Zacks Equity Research
All Eyes On Q2 Earnings Result
Q2 Earnings Season Finally Here: JPM, C, WFC, PNC Beat
by Mark Vickery
Though the big banks reporting this morning all beat estimates, they are trading down in the pre-market.
Stock Market News for July 14, 2017
by Zacks Equity Research
Benchmarks finished in the green on Thursday, with the Dow posting its 24th record close for the year, on the back of gains in financials
Wells Fargo (WFC) Q2 Earnings Beat, Interest Income Rises
by Zacks Equity Research
Wells Fargo came out with earnings per share of $1.07, beating the Zacks Consensus Estimate of $1.02. Higher net interest income was primarily responsible for this earnings beat.
Bank Earnings Are Good, But Fail to Impress
by Sheraz Mian
The Q2 earnings season is off to a good start.
Big Banks Set to Release Q2 Earnings: JPM, C, WFC & PNC
by Zacks Equity Research
The second-quarter earnings season is knocking at the door with big names - JPM, WFC, PNC and Citi - all reporting financial numbers tomorrow, before the opening bell.
PNC Vs. Wells Fargo: Which Is Better Ahead Of Earnings Season
by Jeffrey Hymen
Friday, July 14 is an important day for the banking industry, as The PNC Financial Services Group, Inc. (PNC) and Wells Fargo & Company (WFC), among several others, release their quarterly earnings reports.
JPM vs Citigroup: Which Is Better Ahead of Earnings?
by Swarup Gupta
With JPMorgan and Citigroup scheduled to report on Jul 14, its a good time to consider which is a better stock.
Wells Fargo (WFC) Q2 Earnings: Disappointment in Store?
by Zacks Equity Research
Wells Fargo & Company (WFC) is scheduled to report second-quarter 2017 results on Jul 14.
Wells Fargo (WFC) Reduces Exposure to Auto Loan Portfolio
by Zacks Equity Research
Wells Fargo & Company (WFC) is cutting back its auto lending business.
Bank Stock Earnings Preview
by Brian Bolan
A look at four major bank stocks that are reporting before the open this Friday.