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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.
Bank Earnings in the Spotlight
by Sheraz Mian
Q2 earnings growth for the banking industry is expected to be below the year-earlier level.
Bank Earnings in the Spotlight
by Sheraz Mian
Q2 earnings growth for the banking industry is expected to be below the year-earlier level.
4 Great Bank Stocks to Buy Ahead of Q2 Earnings
by Swarup Gupta
Prominent names from the industry have cleared stringent stress tests and received approval for their capital spending plans.
Second Quarter Earnings Season In Focus
by Zacks Equity Research
Second Quarter Earnings Season In Focus
Q2 Earnings Kick Off with Pepsico (PEP) Beat
by Mark Vickery
The company posted $1.50 per share, a dime and a penny higher than the $1.39 expected in the Zacks consensus.
Stock Market News for July 11, 2017
by Zacks Equity Research
The Nasdaq and the S&P 500 closed in positive territory on Monday boosted primarily by technology shares
The Zacks Analyst Blog Highlights: Wells Fargo, Broadcom, Gilead, NextEra Energy and Emerson Electric
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Wells Fargo, Broadcom, Gilead, NextEra Energy and Emerson Electric
Which Banks Have Sizzling Earnings Charts?
by Tracey Ryniec
It's time for earnings season again. Q2 is kicking off with the red-hot banks.
All Eyes On Q2 Earnings Season
by Zacks Equity Research
All Eyes On Q2 Earnings Season
Next Leg for Market Rally: Strong Q2 Earnings?
by Mark Vickery
Next week, we'll really be in the thick of Q2 earnings season, but the big banks reporting on Friday of this week own an outsized percentage of S&P 500 market capitalization.
JPMorgan, PNC Financial, Wells Fargo and Citigroup are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, PNC Financial, Wells Fargo and Citigroup are part of Zacks Earnings Preview
Wells Fargo (WFC) Gets Preliminary Nod for $142M Settlement
by Zacks Equity Research
Recently, Wells Fargo & Company (WFC) received preliminary approval from the U.S. District Court for the Northern District of California for the settlement of a class-action lawsuit for $142 million.
Have Bank Stocks Finally Turned Around?
by Sheraz Mian
Bank stocks have experienced a fairly dramatic turnaround since the beginning of last month.
The Zacks Analyst Blog Highlights: Wells Fargo, Citigroup, JPMorgan Chase, Bank of America and U.S. Bancorp
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Wells Fargo, Citigroup, JPMorgan Chase, Bank of America and U.S. Bancorp
Citigroup (C) Scales 52-Week High on Investors' Optimism
by Zacks Equity Research
Shares of Citigroup Inc. (C) crafted a 52-week high, touching $67.75 at the beginning of trading session on Jun 29.
De-Stress Your Portfolio by Betting on Bank ETFs
by Sanghamitra Saha
Time to buy bank ETFs on impressive stress test results and Fed???s approval of shareholder value maximization?
Stock Market News for June 29, 2017
by Zacks Equity Research
Gain in financials and technology shares on Wednesday pushed the benchmarks higher
Wells Fargo (WFC) to Divest Part of its Insurance Business
by Zacks Equity Research
Wells Fargo & Company (WFC) is offloading its commercial insurance business with a view to regain focus on its banking activities.
Stress Test Results Positive for All Participating Banks
by Zacks Equity Research
On Thursday, the Federal Reserve released the Dodd-Frank Act supervisory stress test 2017 (DFAST 2017) results, which, to a great extent, reflect the stability of the banking system.
Tech Rout Shifts Spotlight from Growth to Value: 5 Top Picks
by Tirthankar Chakraborty
Steer clear of tech behemoths that constitute the bulk of growth stocks on overvaluation concerns, while value stocks, led by financials and consumer staples, look enticing
The Zacks Analyst Blog Highlights: Verizon, Alibaba, Wells Fargo, Caterpillar and Oracle
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Verizon, Alibaba, Wells Fargo, Caterpillar and Oracle
Core Inflation, Retail Sales Falling: Should Banks Worry?
by Zacks Equity Research
Both core inflation and retail sales are falling. Will these be a cause of concern for banks' financial performance?
Mitsubishi May Cut 10,000 Jobs over a Decade to Reduce Costs
by Zacks Equity Research
For the first time since its foundation, Mitsubishi UFJ Financial Group, Inc. (MTU) is planning to lay off about 10,000 employees.
Stock Market News for June 01, 2017
by Zacks Equity Research
Benchmarks closed in the red on Wednesday weighed down primarily by financials
Wells Fargo Sees Municipal Business Ban in New York City
by Zacks Equity Research
Troubles for Wells Fargo & Company (WFC) seem unlikely to end anytime soon. Recently, the bank was banned by The New York City Banking Commission from underwriting new bonds in the U.S. municipal bond market and renewing the existing contracts.