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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.
Top Analyst Reports for Alibaba, Procter & Gamble & Wells Fargo
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Alibaba Group (BABA), Procter & Gamble (PG), and Wells Fargo (WFC).
Why Wells Fargo (WFC) Might be Well Poised for a Surge
by Zacks Equity Research
Wells Fargo (WFC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Zacks Earnings Trends Highlights: JPMorgan, Citigroup, Bank of America and Wells Fargo
by Zacks Equity Research
Zacks Earnings Trends Highlights: JPMorgan, Citigroup, Bank of America and Wells Fargo
Early Q4 Results Show an Improving Earnings Picture
by Sheraz Mian
We are off to a strong start to the Q4 earnings season, with a very high proportion of companies beating estimates and sharing favorable outlooks for the current and coming quarters...
Early Q4 Results Show an Improving Earnings Picture
by Sheraz Mian
We are off to a strong start to the Q4 earnings season, with a very high proportion of companies beating estimates and sharing favorable outlooks for the current and coming quarters...
U.S. Bancorp (USB) Q4 Earnings Meet Estimates, Revenues Up Y/Y
by Zacks Equity Research
U.S. Bancorp (USB) Q4 results reflect high fee income, partly offset by elevated operating expenses and provisions, along with margin pressure.
The Zacks Analyst Blog Highlights: JPMorgan, Bank of America, Citigroup, Wells Fargo and Truist Financial
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan, Bank of America, Citigroup, Wells Fargo and Truist Financial
Goldman (GS) Q4 Earnings Beat Estimates, Revenues Climb
by Zacks Equity Research
Goldman (GS) Q4 results reflect fixed income and equity underwriting revenue outperformance, and low operating expenses and provisions, muted by soft corporate lending and debt underwriting revenues.
Is All The Good News Already Priced In?
by Daniel Laboe
The broader equity markets appear to be reaching a plateau, despite pockets of euphoria
BofA (BAC) Q4 Earnings Beat, Stock Slips on Lower Revenues
by Zacks Equity Research
Larger reserve releases, along with decent trading and investment banking performance, support BofA's (BAC) Q4 earnings, while lower rates and falling loan demand hurt.
Comerica (CMA) Q4 Earnings Beat Estimates, Revenues Fall
by Zacks Equity Research
Comerica's (CMA) Q4 results reflect lower provisions, higher expenses and fall in revenues.
4 Key Themes to Dominate Major U.S. Banking Space in 2021
by Swayta Shah
After a torrid but resilient 2020, let's see what's in store for major banks like JPMorgan (JPM), Citi (C), BofA (BAC), Wells Fargo (WFC), PNC Financial (PNC), Truist Financial (TFC) & U.S. Bancorp (USB) this year.
Stocks Take a Breather with New Stimulus on Deck
by David Borun
Equity investors digest the pros and cons of the President-elect's sweeping new fiscal stimulus plan
Company News for Jan 18, 2021
by Zacks Equity Research
Companies In The News Are: JPM, C, WFC, XOM.
Positive Start to Q4 Earnings Season
by Sheraz Mian
We are off to a great start in Q4 earnings season, with the big banks coming out with a notably improved profitability picture relative to what they were able to show in preceding periods.
Economic Data Deluge
by Zacks Equity Research
Economic Data Deluge
Wells Fargo (WFC) Q4 Earnings Beat, Stock Falls on Lower Revenues
by Zacks Equity Research
Wells Fargo's (WFC) Q4 results reflect solid mortgage activity, reduced net interest income, along with lower provisions and expenses.
Retail Sales Fall -0.7%; Big Banks Report Q4: JPM, C, WFC
by Mark Vickery
We see a plethora of economic and earnings data: Retail Sales, Producer Price Index, Empire State and Big Bank Earnings have all hit the tape. And this is just for starters.
Wells Fargo (WFC) Q4 Earnings Surpass Estimates
by Zacks Equity Research
Wells Fargo (WFC) delivered earnings and revenue surprises of 8.47% and -0.53%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Biden Proposes $1.9T in Aid; Powell Staying Dovish
by Mark Vickery
The incoming Biden administration unveiling its new stimulus package as well as fresh remarks from Fed Chair Jay Powell may have informed the market, but did little to sway it.
First Republic (FRC) Q4 Earnings Beat on Higher Revenues
by Zacks Equity Research
First Republic's (FRC) Q4 earnings outperformance driven by stellar net interest and non-interest income, partly mitigated by elevated expenses and provisions.
Will Mortgage Banking Support Wells Fargo (WFC) Q4 Earnings?
by Zacks Equity Research
Wells Fargo's (WFC) Q4 earnings are likely to have been affected by low rates, partly offset by improved fee income, including strong mortgage activity during the quarter.
Beige Book Clarifies Economic Prints Elesewhere
by Mark Vickery
It's somewhat comforting to see agreement from disparate economic surveys -- at least we can agree where we're currently headed.
5 Must-See Big Bank Earnings Charts
by Tracey Ryniec
The big banks have been hot to start 2021. Which have the best earnings surprise track records and charts?
Time to Bet on Bank ETFs Before Earnings Release?
by Sanghamitra Saha
Big banks will start releasing their quarterly numbers this week. The chances of a broad-based earnings beat are high.