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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.
BofA's (BAC) Q2 Earnings Beat on Loan Growth, Cost Control
by Zacks Equity Research
Modest loan growth, higher rates and prudent cost management aid BofA's (BAC) Q2 earnings. However, dismal trading and investment banking performance, and rise in provisions pose concerns.
PNC Financial (PNC) Q2 Earnings Beat Estimates, Revenues Up
by Zacks Equity Research
PNC Financial's (PNC) Q2 performance highlights top-line strength, partly offset by elevated expenses and provisions.
Synovus (SNV) Stock Up 2.24% on Q2 Earnings & Revenue Beat
by Zacks Equity Research
Synovus Financial's (SNV) Q2 results highlight top-line strength, aided by higher loan balances and fee income.
U.S. Bancorp (USB) Q2 Earnings Beat on Stellar Revenues
by Zacks Equity Research
U.S. Bancorp's (USB) Q2 performance reflects higher revenues, aided by growth in loan balances, partly offset by elevated expenses and provisions.
Wells Fargo (WFC) Q2 Earnings Beat Estimates, NII Disappoints
by Zacks Equity Research
Wells Fargo's (WFC) Q2 results reflect lower expenses and higher fee income, partly offset by reduced net interest income.
Better-Than Expected Retail Sales in June
by Zacks Equity Research
Better-Than Expected Retail Sales in June
Retail Sales Up, Import Prices Down, Q2 Earnings Solid
by Mark Vickery
Retail Sales outperformed, Imports & Exports were lower, and JPM, WFC, GS and JNJ outperformed earnings expectations.
Wells Fargo (WFC) Q2 Earnings and Revenues Beat Estimates
by Zacks Equity Research
Wells Fargo (WFC) delivered earnings and revenue surprises of 12.07% and 3.83%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Amazon Prime Day 2019: What Does This Mean for the Company Moving Forward?
by Christopher Vargas
Amazon (AMZN) kicked off its annual Prime Day Monday, exclusively offering a vast variety of deals for its Prime members.
Citigroup & Bank Stocks: What To Look For
by Daniel Laboe
Citi is up 37% year-to-date, more than doubling the returns of the major banking industry. Can this momentum continue?
Why Earnings Season Could Be Great for Wells Fargo (WFC)
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.
Citigroup Opens Bank Earnings on Strong Note
by Zacks Equity Research
Citigroup Opens Bank Earnings on Strong Note
Citigroup (C) Beats Easily, Empire State Swings to Positive
by Mark Vickery
Earnings of $1.95 per share for Citi easily beat the $1.80 expected and the $1.62 in the year-ago quarter. Revenues of $18.758 billion topped the $18.31 billion in the Zacks consensus.
JPMorgan, Wells Fargo and Citigroup are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, Wells Fargo and Citigroup are part of Zacks Earnings Preview
Citigroup's (C) Q2 Earnings Beat Estimates, Expenses Drop
by Zacks Equity Research
Citigroup (C) kick started the earnings season and delivered a positive earnings surprise of 2.8% in second-quarter 2019 on expense control.
Will Payment Services Boost U.S. Bancorp (USB) Q2 Earnings?
by Zacks Equity Research
Second-quarter results of U.S. Bancorp (USB) are likely to reflect benefits from improved mortgage banking and higher demand for online services.
Muted Investment Banking to Hurt BofA's (BAC) Q2 Earnings
by Zacks Equity Research
Disappointing investment banking performance is expected to hurt BofA's (BAC) Q2 earnings.
5 Bank Stocks to Win Big Ahead of Q2 Earnings
by Tirthankar Chakraborty
Banks have passed the stress test and are rewarding shareholders with billions in buybacks and dividend hikes, a sign that they are fundamentally strong enough to see earnings growth.
Muted Trading Activities to Hurt JPMorgan (JPM) Q2 Earnings
by Zacks Equity Research
Dismal trading and investment banking performance as well as muted growth in interest income will hurt JPMorgan's (JPM) Q2 earnings. However, mortgage banking is likely to provide some support.
Is a Beat in Store for PNC Financial (PNC) in Q2 Earnings?
by Zacks Equity Research
PNC Financial's (PNC) Q2 earnings are likely to reflect muted net interest income growth. Also, rise in consumer service revenues might support fee income.
Equities Make New All-Time Highs Heading into Earnings Season
by David Borun
Fed Chairman Powell reassures investors that more cuts are on the way and stocks broadly rally
Which Big Bank Has the Best Earnings Chart?
by Tracey Ryniec
The big banks are kicking off second quarter earnings season but 2019 is not 2016.
6 Major Banks Set to Trump Q2 Earnings Amid Tough Backdrop
by Swayta Shah
Lingering geopolitical concerns, trade jitters and muted loan growth are expected to hurt major banks' Q2 earnings. But there are a few stocks in the industry that are likely outperform their peers.
Trading, Tough Backdrop to Hurt BofA's (BAC) Q2 Earnings
by Zacks Equity Research
Challenging operating backdrop and lower scope of support from expense management will likely hamper BofA's (BAC) Q2 earnings.
Improved Mortgage Banking to Aid Wells Fargo (WFC) Q2 Earnings
by Zacks Equity Research
In a reversal in trend, Wells Fargo's (WFC) mortgage banking performance is projected to improve in the April-June quarter. However, ongoing litigation hassles may escalate the bank's expenses.