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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.
Trump Trade: Stocks to Watch as the Former President Retakes Office
by Shaun Pruitt
After receiving 291 of the 270 electoral votes needed to retake office, let's take a look at some of the stocks and sectors that may benefit from another Trump presidency.
Stocks and ETFs in Focus as Americans Head to Polls
by Sweta Killa
Let's discuss the sectors and ETFs that are the potential gainers or losers as Americans head to the polls, which indicate a tight race between Harris and Trump.
Expedia Group Gears Up to Report Q3 Earnings: What's in the Cards?
by Zacks Equity Research
EXPE's third-quarter 2024 results are expected to reflect gains from growing momentum across B2B, Brand Expedia and advertising businesses.
How to Play BAC Stock Ahead of U.S. Presidential Poll and Rate Cuts?
by Swayta Shah
Find out how the U.S. presidential election and imminent interest rate cuts will impact Bank of America stock.
Citigroup's Citi Digital Bill to Speed Up Receivable's Monetization
by Zacks Equity Research
C launches CDB to modernize trade finance and reduce dependence on physical documents, couriers and paper handling across various global parties.
SoFi Technologies Stock Rises 42% in a Month: Buy, Hold, or Sell?
by Shuvra Shankar Dey
Given the recent surge in SOFI shares, we evaluate the stock's current position to determine how to play it now.
Here is What to Know Beyond Why Wells Fargo & Company (WFC) is a Trending Stock
by Zacks Equity Research
Wells Fargo (WFC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
JPMorgan's Q3 Results Review: How to Play the JPM Stock Now?
by Swayta Shah
JPM's Q3 performance marks the revival of IB business and growth in NII despite relatively high rates. Read on to find out if the stock is a good bet now.
How Should You Play Citigroup Stock After It Beats on Q3 Earnings?
by Riya Anand
C ends the third quarter of 2024 on a strong note, with solid growth in the IB business supporting fee revenues. A rise in credit losses is concerning.
The Zacks Analyst Blog Highlights Wells Fargo, GE Aerospace, Eaton and Gencor
by Zacks Equity Research
Wells Fargo, GE Aerospace, Eaton and Gencor are included in this Analyst Blog.
Top Analyst Reports for Wells Fargo, GE Aerospace & Eaton
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Wells Fargo & Company (WFC), GE Aerospace (GE) and Eaton Corporation plc (ETN), as well as a micro-cap stock Gencor Industries, Inc. (GENC).
USB Stock Up 4.7% as Q3 Earnings Beat on Lower Non-Interest Expenses
by Zacks Equity Research
A decline in non-interest expenses supports U.S. Bancorp's third-quarter 2024 earnings amid lower NII and non-interest income, and poor credit quality.
Truist Financial's Q3 Earnings Beat as NII & Fee Income Rise
by Zacks Equity Research
Balance sheet repositioning drives TFC's Q3 NII higher. This, along with a rise in fee income, and the decline in provisions and expenses, support earnings.
Hancock Whitney Q3 Earnings Beat Estimates on Fee Income Growth
by Zacks Equity Research
HWC's third-quarter earnings beat estimates on the back of higher non-interest income and NII. Yet, the fall in total loan and deposit balance remains a concern.
How to Find Strong Finance Stocks Slated for Positive Earnings Surprises
by Zacks Equity Research
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Bank of America Stock Up on Q3 Earnings Beat, IB & Trading Fee Growth
by Zacks Equity Research
Robust trading and IB performances drive BAC's Q3 earnings. Meanwhile, NII continues to decline and poor asset quality hurts.
Is Trending Stock Wells Fargo & Company (WFC) a Buy Now?
by Zacks Equity Research
Recently, Zacks.com users have been paying close attention to Wells Fargo (WFC). This makes it worthwhile to examine what the stock has in store.
JPMorgan and Wells Fargo are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan and Wells Fargo are highlights of Zacks Earnings Preview article.
Stock Market News for Oct 14, 2024
by Zacks Equity Research
U.S. stock markets closed sharply higher on Friday following the release of strong earnings reports of a few banking and other financial services behemoth.
The Q3 Earnings Season Kicks Off Positively
by Sheraz Mian
The Q3 reporting cycle ramps up this week, with over 100 companies on deck to report results, including 40 S&P 500 members. Can the positivity continue?
Wells Fargo Q3 Earnings Beat on Higher Fee Income, Lower Expenses
by Zacks Equity Research
Higher non-interest income and a decline in non-interest expenses support WFC's third-quarter 2024 results. A decline in NII is a spoilsport.
Citigroup Calls for Dismissal of New York Lawsuit Over Online Scams
by Zacks Equity Research
C's lawyers counter the lawsuit by asserting that the bank adheres to Uniform Commercial Code standards that protect it from liability for fraud-related losses.
Producer Price Index Unchanged in September
by Zacks Equity Research
Producer Price Index Unchanged in September
PPI Inflation Flat for September; JPM and WFC Beat on Q3 Earnings
by Mark Vickery
Year-over-year PPI has been the low water mark for inflation levels going back several months, and today shows a +1.8% for September.
Here's What Key Metrics Tell Us About Wells Fargo (WFC) Q3 Earnings
by Zacks Equity Research
The headline numbers for Wells Fargo (WFC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.