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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.
Earnings Optimism Following Bank Results
by Sheraz Mian
If we aggregate these positive surprises to the entire S&P 500 index, then it is reasonable to envision a Q1 earnings growth pace that may not be negative, after all.
Weak Investment Banking to Hurt JPMorgan (JPM) Q1 Earnings
by Zacks Equity Research
Soft investment banking performance along with dismal trading and mortgage banking might hurt JPMorgan's (JPM) Q1 earnings to an extent.
Wells Fargo (WFC) Arm to Sell Retirement Business for $1.2B
by Zacks Equity Research
Wells Fargo Bank, a Wells Fargo & Company (WFC) arm, agrees to sell its retirement business to Principal Financial Group for $1.2 billion.
Company News For Apr 10, 2019
by Zacks Equity Research
Companies In The News Are: WYNN, AVYA, AAL, PFG, WFC
Will Mortgage Weakness Hurt Wells Fargo's (WFC) Q1 Earnings?
by Zacks Equity Research
Wells Fargo's (WFC) mortgage business might have further slowed down in the Jan-Mar quarter. Ongoing litigation hassles are predicted to have escalated the banking giant's expenses.
5 Best Stocks to Buy Ahead of Q1 Earnings Season
by Tirthankar Chakraborty
Total earnings for the S&P 500 companies are estimated to drop 4% from the same period last year, which would be the first quarterly decline since 2016. Revenues are expected to rise 4.6%.
Which Big Bank Has the Best Earnings Chart?
by Tracey Ryniec
The big banks are kicking off the earnings season after a tough 2018. Is there a buying opportunity in these stocks?
JPMorgan, Wells Fargo, FedEx and Nike are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, Wells Fargo, FedEx and Nike are part of Zacks Earnings Preview
BofA Ramps Up Expansion & Modernization of Financial Centers
by Zacks Equity Research
BofA's (BAC) initiatives to expand and modernize financial centers and ATMs will further support revenue growth.
No China Deal Yet, but Equities Rally Anyway.
by David Borun
The broad markets add roughly another 2% during a quiet but steady week.
Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed the most recent trading day at $48.78, moving -0.79% from the previous trading session.
Analysts Estimate Wells Fargo (WFC) to Report a Decline in Earnings: What to Look Out for
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.
Bank Stock Roundup: Rise in Bond Yield, Easing Global Growth Concerns, JPM & WFC in Focus
by Zacks Equity Research
Banking stocks rallied on subdued investors' concerns regarding global economy growth and easing regulations.
Previewing Bank Earnings
by Sheraz Mian
JPMorgan (JPM) and Wells Fargo (WFC) kick-off the Q1 earnings season for the group on Friday, April 12th, with a host of industry players following suit the following week. The question is whether these quarterly results can serve as a catalyst for bank stocks?
The Zacks Analyst Blog Highlights: Berkshire, Apple, STORE, General Motors and Wells Fargo
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Berkshire, Apple, STORE, General Motors and Wells Fargo
4 Must-Watch Warren Buffett Stocks for April
by Tirthankar Chakraborty
We select four of the Oracle of Omaha's favored companies that are likely to make the most of a bullish April.
New Proposed Rule to Limit Impact of Large Bank Failures
by Swayta Shah
The new rule proposed by banking regulators will reduce the impact of large banks failures on the financial system.
Wells Fargo Offers Clients Tap-to-Pay Contactless Cards
by Zacks Equity Research
Wells Fargo's (WFC) efforts to improve customer experience by providing contactless payments system are impressive.
Company News For Apr 1, 2019
by Zacks Equity Research
Companies in the news are: BB, WFC, RH and CELG
Best Q1 Since 1998
by David Borun
US Equities finish the first quarter with strong gains amid benign economic conditions
Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $48.32 in the latest trading session, marking a -1.57% move from the prior day.
Bank Stock Roundup: Expansion Initiatives, Wells Fargo, JPMorgan, Citi in Focus
by Swayta Shah
Despite several near-term concerns, investors' focus on expansion strategy of banks is a catalyst for the stocks.
Nomura (NMR) to Slash Jobs in U.S. & Europe to Reduce Costs
by Zacks Equity Research
To lower losses at its struggling operations in the United States and Europe, Nomura (NMR) intends to cut jobs across trading and investment banking businesses.
Wells Fargo (WFC) CEO Sloan Announces Plan to Step Down
by Zacks Equity Research
Wells Fargo (WFC) seeks to undertake immediate search for new CEO from outside the bank.
Earnings Recession Fears Are Exaggerated
by Sheraz Mian
With earnings growth expectations for the first quarter of 2019 already in negative territory and estimates for 2019 Q2 moving in that direction as well, there is growing talk of an impending earnings recession...