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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.
Stock Market News for August 30, 2016
by Zacks Equity Research
Benchmarks finished higher on Monday, mostly helped by gains in financial stocks
Bear of the Day: Wells Fargo (WFC)
by Eric Dutram
With a herd of downward estimate revisions, this is one stock that won't take your portfolio to the next stage.
Stock Market News for July 18, 2016
by Zacks Equity Research
The Dow notched a record closing high for the fourth-straight session on Friday banking on upbeat U.S. retail sales data
More Big Data, Q2 Earnings Parade & Herbalife
by Mark Vickery
A plethora of new data has hit the tape this Friday morning, and the U.S. consumer appears to be in good shape.
Stock Market News for July 12, 2016
by Zacks Equity Research
Welcome to Q2 Earnings Season
by Mark Vickery
We have now entered into the ramp-up to a plethora of earnings reports that will turn into a deluge in a couple weeks.
Get Ready to Play Q2 Earnings Season
by Mark Vickery
With Q2 results reporting after the bell today, Alcoa (AA) will once again unofficially ring in a new earnings season.
Stock Market News for June 24, 2016
by Zacks Equity Research
Benchmarks ended higher on Thursday, with the Dow posting its biggest gain since March as the latest poll showed support for the U.K
Stock Market News for June 13, 2016
by Zacks Equity Research
Stock Market News for June 06, 2016
by Zacks Equity Research
Benchmarks closed in the red on Friday following a lackluster jobs report, which in turn reduced June rate hike speculations.
Stock Market News for May 31, 2016
by Zacks Equity Research
Benchmarks finished in the green on Friday after Fed Chairwoman Janet Yellen said a rate rise might be appropriate in coming months
Stock Market News for May 25, 2016
by Zacks Equity Research
Fears regarding rate hike diminished on Tuesday as investors continued to come to terms with a possible hike next month
Stock Market News for May 20, 2016
by Zacks Equity Research
Benchmarks closed in the red on Thursday following continuing worries over June rate hike
Stock Market News for April 15, 2016
by Zacks Equity Research
Benchmarks closed mostly in the green on Thursday following continued gains in financial stocks.
Q1 Earnings Season Takes the Spotlight
by Sheraz Mian
Q1 estimates fell sharply over the last three months, and are continuing to come down.
Stock Market News for March 31, 2016
by Zacks Equity Research
Stock Market News for March 28, 2016
by Zacks Equity Research
Benchmarks closed mostly unchanged on Thursday amid declines in financial stocks
Stock Market News for February 09, 2016
by Zacks Equity Research
Benchmarks ended in the red following a slump in financial and material stocks
Stock Market News for January 19, 2016
by Zacks Equity Research
Markets were closed on Monday due to the Martin Luther King Jr. Day holiday
Decent Bank Results Drowned Out by China & Oil
by Sheraz Mian
The New Year has been tough on all stock market sectors.
China & the Q4 Earnings Season
by Sheraz Mian
The only positive in this otherwise unsettling backdrop is the U.S. economic outlook.
China & the Q4 Earnings Season
by Sheraz Mian
The only positive in this otherwise unsettling backdrop is the U.S. economic outlook.
Q4 Earnings Season Takes the Spotlight
by Sheraz Mian
The overwhelmingly negative tone of company guidance drove down expectations for Q4
3 Banking Stocks Set to Beat on Q2 Earnings
by Zacks Equity Research
Since the results of banks provide an all-inclusive picture about the overall economy, it draws substantial attention from investors.
Are the Finance Sector's Q1 Earnings Really Good?
by Sheraz Mian
Banks are benefiting from improved trading and investment banking business.