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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.
Can Wells Fargo (WFC) Touch New Highs on Solid Q1 Earnings?
by Zacks Equity Research
Wells Fargo's (WFC) Q1 earnings are likely to have been supported by strong mortgage activity and improvement in asset quality during the quarter.
Rise in Fee Income to Aid First Republic's (FRC) Q1 Earnings
by Zacks Equity Research
Growth in fee income and reserve releases is expected to have supported First Republic's (FRC) Q1 earnings amid lower rates and weak loan demand.
JPMorgan, Wells Fargo, FedEx, Delta Airlines and Fastenal are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, Wells Fargo, FedEx, Delta Airlines and Fastenal are part of Zacks Earnings Preview
Looking Ahead to Big Banks' Q1 Earnings
by Sheraz Mian
The large money-center banks have enjoyed an amazing run this year, with these stocks handily outperforming not only the broader market but also many of last year's hot stocks.
Wells Fargo (WFC) Earnings Expected to Grow: What to Know Ahead of Next Week's 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.
5 Top-Performing S&P 500 Bank Stocks of Q1 Worth a Look
by Swayta Shah
Bank stocks rebound impressively in Q1. One must keep an eye on best-performing S&P 500 banks like People's United (PBCT), Fifth Third Bancorp (FITB), Wells Fargo (WFC), Regions Financial (RF) and Bank of America (BAC) that are driven by strong fundamentals.
Northwest Bancshares (NWBI) to Divest Insurance Business Unit
by Zacks Equity Research
Northwest Bank, subsidiary of Northwest Bancshares (NWBI), announces agreement to sell insurance business to USI Insurance Services.
Deutsche Bank's (DB) DWS Gets Thumbs-Up for Potential M&A Plans
by Zacks Equity Research
Deutsche Bank's (DB) CEO confers clearance for DWS Group to go after major acquisitions, in a bid to be favorably placed in an industry where scale is a primary factor for dominance.
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 $39.07, marking a -0.81% move from the previous day.
The Zacks Analyst Blog Highlights: Capital One, Wells Fargo, JPMorgan, Citigroup and Goldman Sachs
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Capital One, Wells Fargo, JPMorgan, Citigroup and Goldman Sachs
Restrictions on Major Banks' Dividend & Buybacks to End in June
by Swayta Shah
Restrictions imposed on major banks like Capital One (COF), Wells Fargo (WFC), JPMorgan (JPM), Citi (C), Morgan Stanley (MS), Goldman (GS) & BofA (BAC) will likely end after the results for 2021 stress test come out.
Bank Stock Roundup: JPM, WFC & C in Focus on Business Restructuring Initiatives
by Swayta Shah
Business restructuring efforts and rising rates are likely to aid major banks like JPMorgan (JPM), Wells Fargo (WFC), BofA (BAC), Citigroup (C), Capital One (COF) & PNC Financial (PNC).
Wells Fargo (WFC) to Divest Corporate Trust Services Business
by Zacks Equity Research
Wells Fargo (WFC) announces deal to divest Corporate Trust Services business to Australia's Computershare for $750 million, as part of the bank's efforts to shift its focus to core operations.
Toronto-Dominion Bank (TD) to Acquire Headlands Tech Global
by Zacks Equity Research
The acquisition of Headlands Tech Global is likely to boost Toronto-Dominion Bank's (TD) lucrative fixed income trading operation.
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 $38.24, marking a -1.87% move from the previous day.
Stock Market News for Mar 22, 2021
by Zacks Equity Research
U.S. stock markets closed mostly lower on Friday as major bank shares declined following the U.S. Federal Reserve's decision to not extend the temporary relief from capital requirement rules
The Zacks Analyst Blog Highlights: PayPal, Wells Fargo, Lockheed Martin, Intuit and Equinix
by Zacks Equity Research
The Zacks Analyst Blog Highlights: PayPal, Wells Fargo, Lockheed Martin, Intuit and Equinix
Top Research Reports for PayPal, Wells Fargo & Lockheed Martin
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including PayPal Holdings (PYPL), Wells Fargo (WFC), and Lockheed Martin (LMT).
Stock Market News for Mar 19, 2021
by Zacks Equity Research
Benchmarks closed sharply lower on Thursday as spike in U.S. Treasury yields fueled rotation into cyclical sectors expected to benefit from the rebound in economic growth
Wells Fargo (WFC) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed the most recent trading day at $39.84, moving +1.25% from the previous trading session.
Deutsche Bank (DB) CEO Sewing's 2020 Compensation Up 46.4%
by Zacks Equity Research
Deutsche Bank's (C) chief executive officer's total compensation package for 2020 is increased to 7.37 million pounds.
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 $38.13, marking a -1.4% move from the previous day.
Barclays (BCS) Plans Job Cuts at Corporate & Investment Bank Unit
by Zacks Equity Research
Barclays' (BCS) anticipated resumption of job cuts in the United States and other countries will be part of the bank's cost-saving measure.
Rising Mortgage Rates to Hurt Mortgage Lenders' Fee Income
by Nikita Kataruka
The rise in mortgage rates is expected to hurt origination and refinancing activities, thus, hampering growth in mortgage revenues in 2021.
Wells Fargo (WFC) Gains As Market Dips: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $37.69, marking a +1.48% move from the previous day.