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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 & Company (WFC) Is a Trending Stock: Facts to Know Before Betting on It
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.
Why the Market Dipped But Wells Fargo (WFC) Gained Today
by Zacks Equity Research
Wells Fargo (WFC) reachead $45.12 at the closing of the latest trading day, reflecting a +0.22% change compared to its last close.
Wells Fargo (WFC) Aided by Cost Control, Hurt by Lower Revenues
by Zacks Equity Research
Wells Fargo's (WFC) cost-saving measures, like branch closures and headcount reduction, will help offset falling revenue trends due to volatile fee income and NII decline.
Is Wells Fargo (WFC) a Buy as Wall Street Analysts Look Optimistic?
by Zacks Equity Research
According to the average brokerage recommendation (ABR), one should invest in Wells Fargo (WFC). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
FDIC-Insured Banks' Q3 Earnings Down on Higher Provisions
by Swayta Shah
While FDIC-Insured banks' (like JPM, BAC, C & WFC) Q3 earnings get support from higher rates and decent loan demand, rising funding costs, weak asset quality, a fall in non-interest income and lower deposit balance act as major spoilsports.
The Zacks Analyst Blog Highlights Microsoft, Broadcom, Wells Fargo, Arista Networks and Aflac
by Zacks Equity Research
Microsoft, Broadcom, Wells Fargo, Arista Networks and Aflac are included in this Analyst Blog.
Top Research Reports for Microsoft, Broadcom & Wells Fargo
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Microsoft Corporation (MSFT), Broadcom Inc. (AVGO) and Wells Fargo & Company (WFC).
Wells Fargo (WFC) Gains As Market Dips: What You Should Know
by Zacks Equity Research
The latest trading day saw Wells Fargo (WFC) settling at $43.02, representing a +0.23% change from its previous close.
Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
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.
Pacific Premier's (PPBI) Securities Repositioning to Drive NII
by Zacks Equity Research
Pacific Premier (PPBI) repositions its investment securities portfolio by selling $1.27 billion of AFS securities to reinvest proceeds in higher-yielding earning assets.
Huntington's (HBAN) Balance Sheet Strength Aids Amid Cost Woes
by Zacks Equity Research
Huntington's (HBAN) solid loan and deposit growth trends, along with NII growth, will support financials. Yet, high expenses and a lack of diversification in the loan portfolio are woes.
Citigroup (C) Initiates Layoffs Amid Organizational Overhaul
by Zacks Equity Research
Citigroup (C) initiates layoffs of various senior manager roles as part of significant changes in its organizational structure.
Wells Fargo (WFC) Stock Falls Amid Market Uptick: What Investors Need to Know
by Zacks Equity Research
Wells Fargo (WFC) closed the most recent trading day at $42.79, moving -0.4% from the previous trading session.
Citigroup (C) to Announce First Round of Layoffs on Monday
by Zacks Equity Research
Citigroup (C) is planning to provide details regarding its first round of layoffs on Monday under its previously announced organizational restructuring plan.
The Zacks Analyst Blog Highlights JPMorgan, Bank of America, Citigroup and Wells Fargo
by Zacks Equity Research
JPMorgan, Bank of America, Citigroup and Wells Fargo are included in this Analyst Blog.
What Makes JPMorgan (JPM) a Compelling Buy Among Big Banks
by Swayta Shah
High interest rates, solid loan and deposit balances and the First Republic Bank buyout are expected to keep aiding JPMorgan (JPM). With green shoots visible in the IB business, related fees are likely to witness a turnaround soon.
Should You Invest in the Invesco KBW Bank ETF (KBWB)?
by Zacks Equity Research
Sector ETF report for KBWB
Wells Fargo (WFC) to Slash 50 IB Jobs Amid Deal Drought
by Zacks Equity Research
Wells Fargo (WFC) is cutting less than 50 jobs in its corporate and investment banking segment amid merger slowdowns.
Zacks Industry Outlook Highlights JPMorgan Chase, Wells Fargo and Fifth Third Bancorp
by Zacks Equity Research
JPMorgan Chase, Wells Fargo and Fifth Third Bancorp are part of the Zacks Industry Outlook article.
4 Reasons to Add UMB Financial (UMBF) Stock to Your Portfolio
by Zacks Equity Research
UMB Financial's (UMBF) strong loan and deposit balance, efforts to diversify fee income sources and robust liquidity position make it a wise investment option.
3 Major Regional Banks to Buy on High Rates, Economic Growth
by Swayta Shah
While a rise in funding costs and waning loan demand will hurt Zacks Major Regional Banks, higher rates, manageable asset quality, robust economic growth and business restructuring efforts will offer support. Hence, industry players like JPM, WFC & FITB are worth betting on.
Zacks Value Trader Highlights: Wells Fargo, Toll Brothers, Skechers, JD.com and PagSeguro Digital
by Zacks Equity Research
Wells Fargo, Toll Brothers, Skechers, JD.com and PagSeguro Digital are part of the Zacks Value Trader blog.
5 Classic Value Stocks That Also Have Growth
by Tracey Ryniec
Looking for cheap stocks that also are still growing their earnings?
5 Reasons to Add Fifth Third (FITB) Stock to Your Portfolio
by Zacks Equity Research
Supported by solid fundamentals and good growth prospects, Fifth Third (FITB) stock seems an attractive investment option now.
Wells Fargo (WFC) is a Top-Ranked Momentum Stock: Should You Buy?
by Zacks Equity Research
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.