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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.
Wells Fargo (WFC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
by Zacks Equity Research
While the top- and bottom-line numbers for Wells Fargo (WFC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Wells Fargo (WFC) Q4 Earnings Beat on Revenue Hike, Low Costs
by Zacks Equity Research
Wells Fargo's (WFC) Q4 earnings gain from an increase in fee income and lower expenses. However, worsening credit quality acts as a headwind.
Q4 Earnings from Wall Street On Deck: JPMorgan, Citi, BofA and Wells Fargo
by Mark Vickery
We turn our attention to Q4 earnings season, which picks up steam Friday morning before the opening bell.
December CPI Hotter-Than-Expected
by Zacks Equity Research
December CPI Hotter-Than-Expected
CPI Warmer than Expected; Jobless Claims Stay Low
by Mark Vickery
Core CPI year over year of +3.9% is the first sub-4% print since May 2021.
How Will Bank ETFs Perform in Light of Q4 Earnings?
by Sanghamitra Saha
Chances of a broad-based earnings beat are low-to-moderate as several stocks are experiencing a negative ESP.
Wall Street Awaits Key Inflation Data
by Zacks Equity Research
Wall Street Awaits Key Inflation Data
Quiet Before the Economic Data Storm
by Mark Vickery
Among big news on deck this week are CPI and PPI data, Weekly Jobless Claims and the start of Q4 earnings season.
Wall Street Waits for Key Inflation Data
by Zacks Equity Research
Wall Street Waits for Key Inflation Data.
Trading Week Backloaded with CPI, PPI, Q4 Earnings
by Mark Vickery
We'll see a slow trickle of quarterly earnings reports this week until the spigot opens Friday morning with Q4 results from some of the biggest Wall Street banks.
Wells Fargo (WFC) Exceeds Market Returns: Some Facts to Consider
by Zacks Equity Research
Wells Fargo (WFC) concluded the recent trading session at $49.92, signifying a +1.3% move from its prior day's close.
Can Wells Fargo (WFC) Retain Its Beat Streak in Q4 Earnings?
by Zacks Equity Research
Subdued loans are likely to have hindered Wells Fargo's (WFC) Q4 net interest income. Also, high expenses and declining mortgage banking revenues are concerning.
Wells Fargo (WFC) Reports Next Week: Wall Street Expects Earnings Growth
by Zacks Equity Research
Wells Fargo (WFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wells Fargo & Company (WFC) is Attracting Investor Attention: Here is What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Truist Financial (TFC) to Close 4% of its Branches by March
by Zacks Equity Research
Truist Financial (TFC) intends to shut down 4% of its branch network by March as part of its effort to cut costs and sustain profitability.
The Zacks Analyst Blog Highlights JPMorgan Chase, Wells Fargo and Bank of New York Mellon
by Zacks Equity Research
JPMorgan Chase, Wells Fargo and Bank of New York Mellon are part of the Zacks top Analyst Blog.
Wells Fargo (WFC) Declines More Than Market: Some Information for Investors
by Zacks Equity Research
Wells Fargo (WFC) reachead $49.22 at the closing of the latest trading day, reflecting a -0.53% change compared to its last close.
3 Best Performing S&P 500 Bank Stocks of 2023
by Devyani Chamria
Despite high interest rates and regional bank fallouts that hurt investor sentiments, JPMorgan Chase (JPM), Wells Fargo (WFC) and BNY Mellon (BK) have emerged as top S&P 500 performers in the banking space.
HSBC, BNP Paribas (BNPQY) May Face Fines for Naked Short Selling
by Zacks Equity Research
South Korea's financial watchdog recommends imposing a fine on HSBC and BNP Paribas (BNPQY) for naked short selling.
Wells Fargo (WFC) Laps the Stock Market: Here's Why
by Zacks Equity Research
Wells Fargo (WFC) reachead $50.09 at the closing of the latest trading day, reflecting a +0.87% change compared to its last close.
Strength Seen in Wells Fargo (WFC): Can Its 5.8% Jump Turn into More Strength?
by Zacks Equity Research
Wells Fargo (WFC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Stock Market News for Dec 14, 2023
by Zacks Equity Research
U.S. stock ended higher on Wednesday, with the Dow closing at a record high for the first time in nearly two years as the Federal Reserve kept interest rates unchanged and hinted at rate cuts in 2024.
State Street (STT) to Cut Jobs, Incur Repositioning Charge in Q4
by Zacks Equity Research
As part of its multiyear business streamlining initiative, State Street (STT) is cutting around 1,500 jobs. Hence, the company is expected to incur $175-$200 million as repositioning charge in Q4.
Wells Fargo (WFC) Stock Declines While Market Improves: Some Information for Investors
by Zacks Equity Research
Wells Fargo (WFC) closed at $46 in the latest trading session, marking a -0.22% move from the prior day.
Wells Fargo (WFC) Keeps $750M-$1B of Severance Cost in Q4 2023
by Zacks Equity Research
Wells Fargo (WFC) puts aside $750 million to less than $1 billion for severance expenses in the fourth quarter of 2023.