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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.
Markets Close in the Red, Closer to Breakeven
by Mark Vickery
Indexes both opened and closed in the red this Monday trading day, pulling higher from the lows reached during today's pre-market.
JPMorgan, Wells Fargo, Citigroup and Delta Air Lines are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, Wells Fargo, Citigroup and Delta Air Lines are part of Zacks Earnings Preview
Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $33.19 in the latest trading session, marking a -0.72% move from the prior day.
Big Bank Q4 Earnings Preview
by Sheraz Mian
The large money-center banks that will kick-off the Q4 2020 earnings season for the sector this week have suffered a significant hit to profitability as a result of the pandemic...
Earnings Preview: Wells Fargo (WFC) Q4 Earnings Expected to Decline
by Zacks Equity Research
Wells Fargo (WFC) 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.
Truist (TFC) Signs Deals to Sell Institutional Retirement Business
by Zacks Equity Research
Truist Financial (TFC) sells institutional 401(k) investment advisory services business to OneDigital, and signs deal to sell institutional 401(k) recordkeeping businesses to Ascensus and Empower.
Bank Stock Roundup: USB, JPM, WFC & TFC in Focus on Restructuring Initiatives
by Swayta Shah
U.S. Bancorp (USB), JPMorgan (JPM), Wells Fargo (WFC), Truist (TFC) & Fifth Third (FITB) continue with their business restructuring activities. Also, Bank OZK (OZK) announces a quarterly dividend hike.
Wells Fargo (WFC) Announces End of 2015 AML Consent Order
by Zacks Equity Research
With continued investments to enhance compliance and risk management capability, and CEO Charles Scharf's focus to revamp the bank, Wells Fargo (WFC) might be able to get past its legal issues.
Associated Banc-Corp (ASB) to Sell Wealth Unit to Rockefeller
by Zacks Equity Research
Sale of the wealth management business is likely to strengthen Associated Banc-Corp's (ASB) balance sheet and liquidity position.
Is a Rebound Likely for Wells Fargo (WFC) Stock in 2021?
by Zacks Equity Research
Though Wells Fargo (WFC) performed dismally in 2020, the stock might rebound this year on economic recovery, streamlining activities and normalization of business operations.
Wells Fargo (WFC) in Restructuring Mode, May Expand Investment Arm
by Zacks Equity Research
Wells Fargo (WFC) likely to expand investment banking operations to remain competitive and profitable in the market, per Bloomberg.
Wells Fargo (WFC) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $30.18 in the latest trading session, marking a +1.45% move from the prior day.
Treasury Yields Climb on Brexit Trade Deal Hopes, Mixed Economic Data
by Priti Dhanuka
The Treasury yields hits high as mixed economic reports and indications of a Brexit trade deal perk up markets pushing financial stocks including BofA (BAC), Wells Fargo (WFC), JPMorgan (JPM), CIT Group (CIT), Invesco Mortgage (IVR), AG Mortgage (MITT) and MFA Financial (MFA).
Contrary Exercise Brings Risk and Opportunity
by David Borun
The mechanics concerning which options are automatically exercised can mean the difference between profit and loss.
Wells Fargo (WFC) Gains As Market Dips: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed the most recent trading day at $29.55, moving +1.86% from the previous trading session.
Wells Fargo (WFC) to Divest Private Student Loan Portfolio
by Zacks Equity Research
Wells Fargo (WFC) continues offloading less profitable businesses in order to focus more on core operations and free-up capital for investment in risk management systems.
Fed Unveils 2nd Stress Test Results, Eases Capital Distribution Limits
by Priti Dhanuka
The results of the second round of stress test, following which the Fed eased restrictions on capital deployment by banks, highlight capital adequacy of the banking sector.
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 $28.64, marking a -1.51% move from the previous day.
Stock Market News for Dec 15, 2020
by Zacks Equity Research
Wall Street closed mixed on Monday as investors remained concerned about recent spike in new COVID-19 cases in the United States and Eurozone.
Wells Fargo (WFC) Asset Management Arm Likely to Attract Bids
by Zacks Equity Research
Wells Fargo's (WFC) asset management unit might attract interest from several asset managers and private equity firms.
The Zacks Analyst Blog Highlights: Roche, Wells Fargo, General Electric, Microsoft and Intuit
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Roche, Wells Fargo, General Electric, Microsoft and Intuit
Bank Stock Roundup: Upbeat Trading Outlook, Treasury Yields Decline, Citi in Focus
by Zacks Equity Research
Over the past five trading days, JPMorgan (JPM) and Citigroup (C) issued their outlooks. Wells Fargo (WFC) & Truist's (TFC) restructuring efforts continue. Capital One (COF), PNC Financial (PNC) and U.S. Bancorp (USB) witness price gains.
Top Stock Reports for Roche, Wells Fargo & General Electric
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Roche Holding AG (RHHBY), Wells Fargo & Company (WFC) and General Electric Company (GE).
Citigroup (C) CFO Sees Consent Order as a Multi-Year Strategy
by Zacks Equity Research
Though expenses are expected to rise in 2021, Citigroup's (C) CFO feels that adhering to the requirements of consent order will benefit the bank.
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 $29.05, marking a +0.38% move from the previous day.