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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.
Here is What to Know Beyond Why Wells Fargo & Company (WFC) is a Trending Stock
by Zacks Equity Research
Zacks.com users have recently been watching Wells Fargo (WFC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Should You Stay Away from Bank ETFs Following Buffett?
by Sanghamitra Saha
Warren Buffett has divested from multiple banks after identifying concerning issues in their financial practices.
Invest in Big Banks & Mega-Cap Tech with ETFs
by Neena Mishra
These new ETFs offer concentrated exposure to banking & tech giants.
Ally Financial (ALLY) Gains 2.2% Despite Q1 Earnings Miss
by Zacks Equity Research
Ally Financial (ALLY) reports a decline in revenues in the first quarter of 2023. Higher expenses also hurt the results to an extent.
Time for Big Bank ETFs on Upbeat Earnings?
by Sanghamitra Saha
U.S. banking earnings have probably not been so awaited since the 2008 financial crisis. To the sweet surprises of investors, most big bank earnings have come up with upbeat 1Q 2023 results.
Hancock Whitney (HWC) Q1 Earnings Meet, Revenues Rise Y/Y
by Zacks Equity Research
Hancock Whitney (HWC) records a rise in revenues and higher expenses in the first quarter of 2023.
The Zacks Analyst Blog Highlights Pfizer, Accenture, Wells Fargo, Starbucks and Chubb
by Zacks Equity Research
Pfizer, Accenture, Wells Fargo, Starbucks and Chubb are part of the Zacks top Analyst Blog.
Morgan Stanley (MS) Q1 Earnings Beat on Higher NII, Stock Down
by Zacks Equity Research
Higher interest rates and decent loan growth support Morgan Stanley's (MS) Q1 earnings amid muted performance of trading and IB businesses.
U.S. Bancorp (USB) Q1 Earnings Beat on Higher NII, Expenses Up
by Zacks Equity Research
A raised average loan balance, higher interest rates and the MUFG Union Bank buyout support U.S. Bancorp's (USB) Q1 earnings. Lower fee income, and increased expenses and provisions are headwinds.
Citizens Financial (CFG) Q1 Earnings Miss on Provisions, NII Rise
by Zacks Equity Research
Higher interest rates and NII support Citizens Financial's (CFG) Q1 earnings, while a fall in non-interest income, and higher expenses and provisions are headwinds.
Is Trending Stock Wells Fargo & Company (WFC) a Buy Now?
by Zacks Equity Research
Zacks.com users have recently been watching Wells Fargo (WFC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Finance Sector Scorecard and Analyst Reports for Pfizer, Accenture & Wells Fargo
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Pfizer Inc. (PFE), Accenture plc (ACN) and Wells Fargo & Company (WFC).
Goldman (GS) Q1 Earnings Surpass, Revenues Lag Estimates
by Zacks Equity Research
The muted IB business on a slump in deal-making activities and higher expenses hurt Goldman's (GS) Q1 earnings.
Stock Market News for Apr 18, 2023
by Zacks Equity Research
U.S. stocks closed higher on Monday, helped by financial and industrial stocks as investors geared up for a heavy week of earnings and comments from Fed officials that could give them a clearer picture of how long the central bank will continue to hike interest rates.
BofA's (BAC) Q1 Earnings Top Estimates on Solid Trading & NII
by Zacks Equity Research
Higher rates, decent loan demand, a rise in card income and robust trading business support BofA's (BAC) Q1 earnings. Weak IB performance, higher provisions and an increase in expenses hurt.
Zacks Investment Ideas feature highlights: JPMorgan, Wells Fargo, Citigroup, Netflix and Tesla
by Zacks Equity Research
JPMorgan, Wells Fargo, Citigroup, Netflix and Tesla are part of the Zacks Investment Idea article.
BNY Mellon (BK) Q1 Earnings Beat Estimates on Higher Revenues
by Zacks Equity Research
BNY Mellon (BK) records a rise in revenues and higher expenses in the first quarter of 2023.
Q1 Earnings: Tesla, Netflix On Deck
by Derek Lewis
Earnings season kicked off last week, with several big banks such as JPMorgan, Wells Fargo, and Citigroup getting the party started. And this week, the party continues with several market favorites, including Netflix and Tesla.
Will Any Banks Show Signs of Stress? Global Week Ahead
by John Blank
In terms of macro data, the first snapshot of business activity in April (the PMIs) could provide a sense of how much pain the turmoil in the banking sector has inflicted on the world economy.
Stock Market News for Apr 17, 2023
by Zacks Equity Research
U.S. stocks ended lower on Friday as investors assessed a batch of mixed economic data and hawkish comments from a Fed official that hinted at another interest rate hike, dampening spirits at the start of the first-quarter earnings season.
M&T Bank (MTB) Q1 Earnings Top Estimates on Higher Revenues
by Zacks Equity Research
Increased revenues, a solid loan and deposit balance, and higher rates support M&T Bank's (MTB) Q1 earnings, while higher provisions and expenses pose as undermining factors.
State Street (STT) Dips as Q1 Earnings Miss on Higher Costs
by Zacks Equity Research
State Street (STT) records a marginal rise in revenues in the first quarter of 2023.
JPMorgan, Citigroup and even Wells Fargo are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, Citigroup and Wells Fargo are highlights of Zacks Earnings Preview article.
Analyzing Q1 Bank Earnings: Good or Bad?
by Sheraz Mian
There was plenty to like in these quarterly results, with higher interest rates helping these big players expand their margins while demand for loans remained strong, helping loan portfolios grow.
Wells Fargo (WFC) Q1 Earnings Beat Estimates on NII, Costs Dip
by Zacks Equity Research
Higher interest rates and a decent trading performance aid Wells Fargo's (WFC) Q1 earnings amid gloomy mortgage banking prospects.