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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.
State Street (STT) Q1 Earnings Beat on Higher Fee Income
by Zacks Equity Research
Increase in fee income and provision benefits support State Street's (STT) Q1 earnings amid lower interest rates.
Bank Stock Roundup: JPM, WFC, BAC, C, TFC & USB in Focus as Q1 Earnings Begin
by Swayta Shah
Q1 earnings start on a positive note with banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC), U.S. Bancorp (USB) & Truist (TFC) surpassing estimates on reserve releases and solid fee income performance.
BofA (BAC) Q1 Earnings Beat on Big Reserve Release, Fee Income
by Zacks Equity Research
Robust trading and investment banking performance and reserve release support BofA's (BAC) Q1 earnings despite low interest rates and weak loan demand.
Citigroup (C) Q1 Earnings Top Estimates on Reserve Releases
by Zacks Equity Research
Citigroup (C) Q1 results reflect year-over-year earnings growth, rise in market revenues on solid equity markets and increase in investment banking revenues, muted by high expenses.
U.S. Bancorp (USB) Q1 Earnings Beat Estimates, Costs Up Y/Y
by Zacks Equity Research
U.S. Bancorp (USB) Q1 results reflect improved provisions, partly offset by elevated operating expenses and lower revenues.
Stock Market News for Apr 15, 2021
by Zacks Equity Research
Benchmarks closed mixed on Wednesday despite better-than-expected earnings report from major banks.
A Positive Start to Q1 Earnings Season
by Sheraz Mian
Total earnings for the 26 S&P 500 companies that have reported Q1 results are up +118.5% on +9.4% higher revenues...
A Positive Start to Q1 Earnings Season
by Sheraz Mian
Total earnings for the 26 S&P 500 companies that have reported Q1 results are up +118.5% on +9.4% higher revenues...
Crypto Goes Legit: Coinbase's (COIN) IPO
by Mark Vickery
Coinbase analysts expect plenty of turbulence in COIN shares as the company finds its way through public trading.
Big Banks Kick off Q1 Earnings Season
by Zacks Equity Research
Big Banks Kick off Q1 Earnings Season
Goldman Sachs (GS) Cranks Up Comp-Destroying Machine
by Mark Vickery
Revenues of $17.70 billion grew 102% year over year and +51% sequentially, leaving in the dust the $11.97 billion estimate.
Wells Fargo (WFC) Q1 Earnings Beat on Fee Income Growth
by Zacks Equity Research
Wells Fargo's (WFC) Q1 results reflect solid mortgage and capital markets activity, reduced net interest income, along with lower provisions.
Wells Fargo (WFC) Tops Q1 Earnings and Revenue Estimates
by Zacks Equity Research
Wells Fargo (WFC) delivered earnings and revenue surprises of 52.17% and 2.53%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Volatility, Client Activity to Aid Schwab's (SCHW) Q1 Earnings
by Zacks Equity Research
While Schwab's (SCHW) trading revenues are likely to have risen in Q1 amid higher market volatility, its interest revenues are not expected to have improved significantly.
What's in the Cards for BlackRock (BLK) in Q1 Earnings?
by Zacks Equity Research
BlackRock (BLK) is expected to have witnessed a rise in assets in the first quarter of 2021.
Stock Market News for Apr 13, 2021
by Zacks Equity Research
Benchmarks closed in the red on Monday as investors focused on inflation data and the beginning of the first-quarter earnings season.
Fee Income Growth to Aid U.S. Bancorp's (USB) Q1 Earnings
by Zacks Equity Research
U.S. Bancorp's (USB) Q1 results likely to reflect growth in consumer revenues and non-interest income amid a low rate environment.
Muted Loan Demand to Hurt Truist Financial (TFC) Q1 Earnings
by Zacks Equity Research
Soft loan demand and not so impressive non-interest income performance are expected to have hurt Truist Financial's (TFC) Q1 earnings.
Investment Banking to Aid BofA (BAC) Q1 Earnings Amid Weak Loans
by Zacks Equity Research
Solid investment banking fees, rise in equity trading, steepening of yield curve and reserve releases might have boosted BofA (BAC) Q1 earnings despite soft loan demand and lower fixed income trading.
Should You Buy Wells Fargo (WFC) Ahead of Earnings?
by Radhika Saraogi
Wells Fargo (WFC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Markets Keep Cool Ahead of Q1 Earnings Deluge
by Mark Vickery
As we await Q1 earnings releases mid-week, with big banks such as JPMorgan (JPM), Wells Fargo (WFC) and Goldman Sachs (GS) reporting Wednesday morning, market activity necessarily pivoted on other issues.
How Will Bank ETFs Fare This Earnings Season?
by Sanghamitra Saha
Big banks will start releasing their quarterly numbers this week. The outlook is pretty bullish this time as most of the big banks saw their earnings estimates going up in the past 7-,30-,60-,90-day-periods.
Vaccinations are Up, Businesses are Opening and Stocks Continue to Rise
by David Borun
The reopening of small businesses across the country helped push equities to fresh record highs.
Trading, IB & Mortgage to Aid JPMorgan's (JPM) Q1 Earnings
by Zacks Equity Research
Robust trading, investment banking and mortgage banking performance, along with reserve releases, are likely to have supported JPMorgan (JPM) Q1 earnings amid low interest rates and weak loan demand.
Trading, Underwriting Business to Aid Goldman (GS) Q1 Earnings
by Zacks Equity Research
While a significant rise in trading activities and solid underwriting business are likely to have aided Goldman (GS) Q1 earnings, low rates might have been a woe.