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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.
Should You Invest in the Invesco KBW Bank ETF (KBWB)?
by Zacks Equity Research
Sector ETF report for KBWB
Banking Earnings Upbeat: Time to Buy Financial ETFs on Value?
by Sanghamitra Saha
The financial sector, which makes up about one-fifth of the S&P 500 Index, has come up with an upbeat earnings season.
All Good Things: PPI, Jobless Claims, Q3 Earnings
by Mark Vickery
While jobless claims are hitting fresh post-Covid lows, PPI curbs a bit and Q3 earnings beats abound.
Initial Jobless Claims Hit Fresh Post-Covid Low
by Zacks Equity Research
Initial Jobless Claims Hit Fresh Post-Covid Low
Wells Fargo's (WFC) Q3 Earnings Beat on Growth in Revenues
by Zacks Equity Research
Wells Fargo's (WFC) Q3 earnings benefit from a decline in allowance for credit losses backed by an improving economic environment and lower net charge-offs despite low loan balance.
Wells Fargo (WFC) Q3 Earnings and Revenues Beat Estimates
by Zacks Equity Research
Wells Fargo (WFC) delivered earnings and revenue surprises of 13.59% and 2.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
JPMorgan (JPM) Q3 Earnings Top on M&A Boom, Modest Loan Growth
by Zacks Equity Research
Solid advisory business performance, rise in loan demand and large credit release aid JPMorgan's (JPM) Q3 earnings amid lower rates, normalizing trading business and soft mortgage banking performance.
What To Expect As Q3 Earnings Season Commences
by Daniel Laboe
This week's upcoming economic data and slew of quarterly results should provide market participants with sufficient vindication for decisive price action
Time for the Big Banks: Global Week Ahead
by John Blank
In the Global Week Ahead, the main event is the start of third-quarter U.S. earnings season.
How Will Bank ETFs Fare This Earnings Season?
by Sanghamitra Saha
Big banks will start releasing their quarterly numbers next week. The outlook is pretty bullish this time thanks to economic improvement and a rise in yields.
Can Wells Fargo (WFC) Maintain Its Beat Streak in Q3 Earnings?
by Zacks Equity Research
While growth in non-interest income is likely to have supported Wells Fargo's (WFC) Q3 earnings, muted loan growth and mortgage banking revenues are expected to have been spoilsports.
Should You Buy Wells Fargo (WFC) Ahead of Earnings?
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.
Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed the most recent trading day at $47.87, moving -0.19% from the previous trading session.
Wells Fargo (WFC) Earnings Expected to Grow: What to Know Ahead of Q3 Release
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.
Will Wells Fargo (WFC) Beat Estimates Again in Its Next Earnings Report?
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.
Stock Market News for Oct 6, 2021
by Zacks Equity Research
Wall Street rebounded on Tuesday after a sharp decline on the previous trading session.
Wells Fargo (WFC) Unveils Reflect, 2nd in Visa Card Suite
by Zacks Equity Research
Wells Fargo's (WFC) launch of the Reflect card will reward cardholders by extending the 0% introductory APR for 21 months on timely payments -- a mammoth differentiator that consumers deserve.
Wells Fargo's (WFC) Bid to Dismiss Shareholder Lawsuit Rejected
by Zacks Equity Research
Wells Fargo's (WFC) appeal to dismiss a shareholder lawsuit alleging that the company kept shareholders in dark about its compliance with consent orders from U.S. regulators has been rejected.
Wells Fargo (WFC) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $46.41, marking a -1.32% move from the previous day.
Citigroup (C) Appeals Court to Fix Revlon Blunder Worth $504M
by Zacks Equity Research
After sending Revlon creditors giant overpayment, Citigroup (C) appeals to the court to overturn the ruling that let lenders keep the money.
Interactive Brokers (IBKR) Fined $1.75M for Trading System Fault
by Zacks Equity Research
Interactive Brokers (IBKR) agrees to pay $1.75 million for failing to adequately prepare its electronic trading system before the historic plunge in crude oil prices last year.
How Investors Can Grab Better Returns for Finance Using the Zacks ESP Screener
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) to Pay $37.3M to Settle Forex Lawsuit
by Zacks Equity Research
Wells Fargo (WFC) agrees to pay $37 million after being accused of overcharging 771 businesses on foreign-exchange transactions.
The Zacks Analyst Blog Highlights: Wells Fargo, U.S. Bancorp, JPMorgan and Citigroup
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Wells Fargo, U.S. Bancorp, JPMorgan and Citigroup
The Zacks Analyst Blog Highlights: Disney, Adobe, Wells Fargo, IHS Markit and Vertex Pharma
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Disney, Adobe, Wells Fargo, IHS Markit and Vertex Pharma