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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.
What to Expect from Bank Earnings?
by Sheraz Mian
Bank stocks have done reasonably well lately, contrary to general perception of the group as a laggard and victim of the dovish Fed outlook. But what should investors expect from the big banks in the second quarter?
Tap Financial ETFs Ahead of Q2 Earnings Season
by Sanghamitra Saha
Cheaper valuation, better earnings growth prospects, solid performance in Stress Test, dividend hike announcements and less chances of a rate cut should position financial ETFs in a good spot in 2H.
Wells Fargo (WFC) Earnings Expected to Grow: Should You Buy?
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.
SunTrust to Stop Offering Loans to Private Prison Operators
by Zacks Equity Research
SunTrust (STI) decides to quit providing finance to the companies that run private prisons and detention centers in the United States, after judging its riskiness.
Wells Fargo (WFC) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $47.53 in the latest trading session, marking a -0.5% move from the prior day.
Deutsche Bank (DB) Restructuring Plan Sends Shares Plummeting
by Zachary Stutler
Shares of Deutsche Bank (DB) fell well over 5% Monday, following the firm's announcement Sunday of a major restructuring.
Stock Market News for Jul 3, 2019
by Zacks Equity Research
Wall Street registered decent gains on Tuesday.
Why Wells Fargo (WFC) Could Beat Earnings Estimates Again
by Zacks Equity Research
Wells Fargo (WFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Stock Market News for Jun 28, 2019
by Zacks Equity Research
Broader markets rebounded on Thursday after investors turned optimistic about a near-term trade deal between the United States and China.
Big Banks Clear Fed's Stress Test, ETFs Rally
by Sanghamitra Saha
Majority of U.S. big banks cleared the Fed Stress Test and announced dividend hikes and share repurchases, pushing bank ETFs up.
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 $46.29, moving +1.07% from the previous trading session.
The Zacks Analyst Blog Highlights: JPMorgan, Wells Fargo, Duke Energy, General Motors and Norfolk
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan, Wells Fargo, Duke Energy, General Motors and Norfolk
BofA (BAC) to Exit Association With Private Prison Companies
by Zacks Equity Research
Bank of America (BAC) decides to stop providing finance to the companies that run private prisons and detention centers in the United States.
Online Brokers Down on Disappointing Near-Term Prospects
by Swayta Shah
Prospects of online brokers - Schwab (SCHW), TD Ameritrade (AMTD) and E*TRADE (ETFC) - look dismal due to a number of factors that are weighing on investors' sentiments.
Top Analyst Reports for JPMorgan, Wells Fargo & Duke Energy
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including JPMorgan (JPM), Wells Fargo (WFC) and Duke Energy (DUK).
18 Participating Banks Emerge Triumphant in Stress Test 2019
by Priti Dhanuka
The Federal Reserve releases the Dodd-Frank Act supervisory stress test 2019 (DFAST 2019) results which reflect the stability of the banking system.
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 $45.65, marking a -0.98% move from the previous day.
Citigroup Announces Restructuring of Sales and Trading Unit
by Zacks Equity Research
Citigroup's (C) restructuring and streamlining efforts, along with its strategic investments in core business, should bode well for the long term.
Wells Fargo (WFC) to Divest Majority Interest in Eastdil
by Zacks Equity Research
Wells Fargo (WFC) plans to close divesture of majority ownership in Eastdil Secured in fourth-quarter 2019.
Hercules Capital (HTGC) Prices Public Offering of 5M Shares
by Zacks Equity Research
Hercules Capital (HTGC) prices a public offering of 5 million shares of its common stock for $12.64 per share.
Wells Fargo (WFC) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $45.18, marking a +0.6% move from the previous day.
Wells Fargo Proposes to Settle Auto Insurance Case for $386M
by Zacks Equity Research
Wells Fargo (WFC) continues to make efforts to settle a two-year old lawsuit in order to concentrate more on the core business.
Wells Fargo (WFC) Gains But Lags Market: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $45.92, marking a +0.13% move from the previous day.
Wells Fargo (WFC) to Overhaul Commercial Banking Business
by Zacks Equity Research
Wells Fargo (WFC) simplifies Commercial Banking unit in order to have leaders working closer to customers.
The Swiss Watch of Finance: Where Fed Rate-Cut Odds Come From
by Kevin Cook
Fed funds probabilities are built on much more than a Vegas-style prediction market.