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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.
BofA (BAC) Q1 Earnings Beat on Trading Surge, Rate Hike
by Zacks Equity Research
Higher trading revenues as well as rise in interest rates drove BofA's (BAC) first-quarter 2017 earnings of 41 cents per share, which handily outpaced the Zacks Consensus Estimate of 35 cents.
Goldman (GS) Q1 Earnings Disappoint on Rise in Expenses
by Zacks Equity Research
Impacted by higher expenses, The Goldman Sachs Group, Inc.'s (GS) first-quarter 2017 results recorded a negative earnings surprise of 4.3%. The company reported earnings per share of $5.15, missing the Zacks Consensus Estimate of $5.38.
Regions Financial (RF) Tops Q1 Earnings, Expenses Escalate
by Zacks Equity Research
Regions Financial Corporation's (RF) first-quarter 2017 earnings from continuing operations of 23 cents per share surpassed the Zacks Consensus Estimate by a penny. Also, the figure was 15% higher than the prior-year quarter tally.
McDonald's to Serve Up Mobile Ordering Ahead of Its Fast-Food Competition
by Benjamin Rains
McDonald's Corporation (MCD) is set to offer mobile ordering and payment options at all of its 14,000 US locations by the end of the fourth quarter, according to a Wells Fargo & Company (WFC) analyst note on Monday.
Positive Start to Q1 Earnings Season
by Sheraz Mian
This week's earnings results will give us a good view of how the Q1 earnings season is unfolding.
M&T Bank (MTB) Beats Q1 Earnings Estimates, Revenues Up
by Zacks Equity Research
M&T Bank Corporation (MTB) recorded a positive earnings surprise of 10.8% in first-quarter 2017. The company reported net operating earnings of $2.15 per share which surpassed the Zacks Consensus Estimate of $1.94.
Stock Market News for April 17, 2017
by Zacks Equity Research
Benchmarks finished in the red on Thursday following the deployment of Mother of All Bombs??? (MOAB) on ISIS tunnels in Afghanistan on Thursday
John Bean Tech, Texas Roadhouse, Wells Fargo, Citigroup and J.P. Morgan highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
John Bean Tech, Texas Roadhouse, Wells Fargo, Citigroup and J.P. Morgan highlighted as Zacks Bull and Bear of the Day
3 Key Takeaways From JPM's Q1 Earnings
by Joseph Lu
Thursday marked the first wave of the big banks' quarterly earnings. Wells Fargo (WFC), Citigroup (C) and J.P. Morgan (JPM) all reported their earnings today. Among them, JPM is clearly leading the pack with its solid first quarter earnings.
Wells Fargo's (WFC) Q1 Earnings Beat on High Interest Income
by Zacks Equity Research
Driven by net interest income, Wells Fargo & Company's (WFC) first-quarter 2017 earnings recorded a positive surprise of about 3.1%. Earnings of $1.00 per share outpaced the Zacks Consensus Estimate by 3 cents.
Citigroup (C) Beats on Q1 Earnings, Trading Revenues Climb
by Zacks Equity Research
Citigroup Inc. (C) delivered a positive earnings surprise of 8.9% in first-quarter 2017, riding on higher revenues. The company's earnings per share of $1.35 for the quarter outpaced the Zacks Consensus Estimate of $1.24.
Earnings Results in Focus
by Zacks Equity Research
Earnings Results in Focus
Q1 Earnings Parade Begins: JPM, C, WFC
by Mark Vickery
JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) have all beaten or met bottom line earnings per share (EPS) estimates.
Wells Fargo (WFC) Beats on Q1 Earnings, Revenue Falls Y/Y
by Zacks Equity Research
Higher net interest income was primarily responsible for this earnings beat at Wells Fargo (WFC).
Q1 Earnings Season Ramps Up
by Sheraz Mian
Earnings results from the big banks highlight the benefits of diverse revenue streams
Stock Market News for April 12, 2017
by Zacks Equity Research
Benchmarks closed in the red on Tuesday as investors remained concerned over increase in geopolitical tensions including the U.S. attack on a Syrian air base and possible conflict with North Korea
Big Banks Q1 Earnings to Watch on Apr 13: JPM, C, WFC & PNC
by Zacks Equity Research
The Q1 earnings season for bank stocks commences tomorrow, with some of the big names reporting their results, before the opening bell.
The Zacks Analyst Blog Highlights: Apple, Wells Fargo, AT&T, Microsoft and Dow Chemical
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Apple, Wells Fargo, AT&T, Microsoft and Dow Chemical
JPM vs Wells Fargo: Which is the Better Bank Stock Ahead of Earnings? (Revised)
by Swarup Gupta
With JPMorgan and Wells Fargo scheduled to report on Apr 13, this may be a good time to consider which of these is a better stock.
JPMorgan vs. Wells Fargo: Which Is Better Ahead of Earnings?
by Swarup Gupta
With JPMorgan and Wells Fargo scheduled to report on Apr 13, this may be a good time to consider which of these is a better stock.
Stock Market News for April 11, 2017
by Zacks Equity Research
Benchmarks gained marginally on Monday, boosted primarily by energy shares following a rise in U.S. oil prices which closed at a one-month high
Q1 Likely to See Strongest Earnings Since 2011: Top 5 Picks
by Tirthankar Chakraborty
In the next couple of weeks, the Wall Street will be keeping an eye on Corporate America and not Trump's America
Wells Fargo Takes $75 Million from Top Executives Amid Scandal
by Parth Panchal
Wells Fargo (WFC) has stripped $75 million away from two top executives amid their scandal over bogus accounts. The bank released a much anticipated report on Monday outlining the investigation of their poor sales practices
The Hottest Big Bank Earnings Charts
by Tracey Ryniec
Out of all the banks reporting this week, these 4 have the best track records and hottest charts.
Huh? Brazil Matters? Global Week Ahead
by John Blank
Peaking at +10.7% y/y in January 2016, Brazilian inflation now runs under +5% y/y. Risk markets in Brazil have also sharply pared down forward inflation expectations.