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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.
Compared to Estimates, Wells Fargo (WFC) Q1 Earnings: A Look at Key Metrics
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 March 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) Tops Q1 Earnings and Revenue Estimates
by Zacks Equity Research
Wells Fargo (WFC) delivered earnings and revenue surprises of 6.96% and 3.24%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Markets Rally on Cooler Economic Data; More Results on Deck
by Mark Vickery
Weaker economic prints are beginning to reveal an alternative narrative: perhaps the Fed has done enough already.
5 Must-See Bank Earnings Charts
by Tracey Ryniec
Think bank earnings are boring? Not this quarter. Here's what to watch for.
NII to Aid Wells Fargo's (WFC) Q1 Earnings, Fee Income to Hurt
by Zacks Equity Research
Higher interest rates are likely to have supported Wells Fargo's (WFC) Q1 earnings amid weakness in the IB and mortgage businesses, and deteriorating credit quality.
Soft Loan Demand, Fee Income to Hurt Truist's (TFC) Q1 Earnings
by Zacks Equity Research
Weak C&I loan demand, deposit runs, higher mortgage rates and rising provisions are likely to have hurt Truist's (TFC) Q1 earnings.
Higher Rates & Trading to Aid Citi's (C) Q1 Earnings, IB to Hurt
by Zacks Equity Research
Higher rates are expected to have driven Citigroup's (C) Q1 NII and robust client activities are likely to have supported fee income. Yet, low deal volume is anticipated to have limited IB revenues.
How Are Bank ETFs Shaped Before Q1 Earnings?
by Sanghamitra Saha
Big banks will start releasing their quarterly numbers this week. The outlook is moderate this time.
Market Awaits Consumer Price Index Numbers
by Zacks Equity Research
Market Awaits Consumer Price Index Numbers.
Flat Markets Bespeak Importance of CPI Data
by Mark Vickery
An Inflation Rate of +6% in February looks to take on a 5-handle for the first time since September of 2021.
Why Wells Fargo (WFC) Might Surprise This Earnings Season
by Zacks Equity Research
Wells Fargo (WFC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
CPI Lands, U.S. Financials Report: Global Week Ahead
by John Blank
A balancing act -- between slowing global growth and sticky global price pressures -- sits at the top of the World Bank and IMF agendas.
Market Participants on Inflation Watch
by Zacks Equity Research
Market Participants on Inflation Watch.
More Inflation Data on Deck, with Q1 Earnings Starting
by Mark Vickery
We spent last Friday away from the offices in observance of Good Friday, but that morning the big Employment Situation report for March came out.
M&T Bank Corporation (MTB) Reports Next Week: Wall Street Expects Earnings Growth
by Zacks Equity Research
M&T Bank Corporation (MTB) 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 (WFC) Earnings Expected to Grow: Should You Buy?
by Zacks Equity Research
Wells Fargo (WFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
These 2 Finance Stocks Could Beat Earnings: Why They Should Be on Your Radar
by Zacks Equity Research
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Why Wells Fargo (WFC) Could Beat Earnings Estimates Again
by Zacks Equity Research
Wells Fargo (WFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Wells Fargo (WFC) Flat As Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $37.38 in the latest trading session, marking no change from the prior day.
How to Find Strong Finance Stocks Slated for Positive Earnings Surprises
by Zacks Equity Research
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $37.38, marking a -1.55% move from the previous day.
Zacks Market Edge Highlights: V, JPM, BAC, C and WFC
by Zacks Equity Research
V, JPM, BAC, C and WFC have been highlighted in this Market Edge article.
Recession Watch: Will it be in 2023, 2024 or Never?
by Tracey Ryniec
Tracey Ryniec and John Blank discuss the US economy, a recession, and where investors should consider investing in 2023.
BofA (BAC) Redeploys Lending, Other Workers Amid Industry Slump
by Zacks Equity Research
Bank of America (BAC) redeploys workers in its wealth management and banking divisions to other roles within the company as higher rates weigh on these businesses.
Company News for Mar 27, 2023
by Zacks Equity Research
Companies in The News Are: SQ,INCY,JPM,WFC