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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.
Buffett Bets Big on Banks: Should You Tap Financial ETFs?
by Sanghamitra Saha
Buffett is bullish on banks. Should you follow him and bet on financial ETFs?
JPMorgan Opens Washington DC Branch, Unveils Other Plans
by Zacks Equity Research
JPMorgan's (JPM) plan to expand into newer areas by opening retail branches will support revenue growth over the long run.
Wells Fargo (WFC) Up 3.1% Since Last Earnings Report: Can It Continue?
by Zacks Equity Research
Wells Fargo (WFC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Wells Fargo (WFC) to Restructure Wealth Management Unit
by Zacks Equity Research
Wells Fargo (WFC) plans to combine its private bank with the ultra-high-net-worth unit.
Bank Stock Roundup: Restructuring, FX Manipulation, BofA & Wells Fargo Dominate
by Zacks Equity Research
Business restructuring initiatives are expected to aid banks' revenue growth while FX rigging related matter is a concern.
Wells Fargo (WFC) Might Divest Retirement-Plan Services Unit
by Zacks Equity Research
Wells Fargo (WFC) is at the early stages of its divesture planning and might drop the plan as a whole based on review results.
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 $53.57, marking a +0.04% move from the previous day.
Election Day 2018: Here Are the Winners & Losers
by Tirthankar Chakraborty
One of the most awaited midterm elections in American history is upon us. Let's thus look at the sectors most likely to be impacted by the election results.
Wells Fargo (WFC) Gains But Lags Market: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed the most recent trading day at $53.55, moving +0.6% from the previous trading session.
Will Fed's Cautious Approach to Supervise Banks Be Fruitful?
by Radhika Saraogi
The Federal Reserve's move to alleviate strict compliance requirements from comparatively small banks might boost their lending and support expansion plans.
The Zacks Analyst Blog Highlights: Microsoft, Alphabet, Bank of America and Wells Fargo
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Microsoft, Alphabet, Bank of America and Wells Fargo
Top Stock Reports for Microsoft, Alphabet, Bank of America & Wells Fargo
by Mark Vickery
Today's Research Daily features new research reports on 17 major stocks, including Microsoft (MSFT), Alphabet (GOOGL), Bank of America (BAC) and Wells Fargo (WFC).
Wells Fargo (WFC) Stock Moves -1.18%: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $51.25, marking a -1.18% move from the previous day.
Why Financial ETFs Are Down Despite Decent Bank Earnings
by Sanghamitra Saha
Here is why financial ETFs have been under pressure of late despite decent earnings releases from big banks.
M&T Bank (MTB) Q3 Earnings Beat Estimates, Expenses Decline
by Zacks Equity Research
M&T Bank's (MTB) Q3 earnings benefit from higher revenues, lower expenses and improved credit quality.
U.S. Bancorp (USB) Beats on Q3 Earnings, Expenses Flare Up
by Zacks Equity Research
U.S. Bancorp's (USB) third-quarter 2018 results reflect easing margin pressure along with solid growth in loan balances.
Northern Trust (NTRS) Q3 Earnings Miss Estimates, Revenues Up
by Zacks Equity Research
Northern Trust's (NTRS) third-quarter 2018 results reflect escalating expenses, partly offset by higher revenues.
Wells Fargo (WFC) Gains But Lags Market: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $53.68 in the latest trading session, marking a +0.83% move from the prior day.
3 Stocks To Buy Ahead of Q3 Earnings: PYPL, AXP, ETFC
by Benjamin Rains
Bank earnings helped kick off the busy part of third-quarter earnings seasons late last week. The week of October 15 is also chock-full of major earnings reports from giants like Netflix (NFLX) and Morgan Stanley (MS). With that said, let's look at three other companies that seem like buys ahead of their quarterly earnings releases later this week.
Comerica (CMA) Q3 Earnings Beat Estimates, Revenues Increase
by Zacks Equity Research
Comerica (CMA) witnesses higher revenues and lower provision in Q3 earnings. However, higher expenses were an undermining factor.
Goldman (GS) Q3 Earnings Beat on Record Revenues, Costs Up
by Zacks Equity Research
Goldman Sachs' (GS) Q3 results reflect continued investment banking momentum aided by strong equity underwriting business, partly offset by fixed income trading activities underperformance.
Sears Bankruptcy, Retail Sales In Focus As Holiday Shopping Approaches
by Ryan McQueeney
Ryan McQueeney recaps morning news from Wall Street, including tensions between the U.S. and Saudi Arabia, big bank earnings, and historic data from Activision Blizzard. The host also covers the bankruptcy of Sears, September's retail sales results, and holiday shopping expectations.
BofA (BAC) Beats Q3 Earnings on Loan Growth & Higher Rates
by Zacks Equity Research
Improvement in loan and deposit balance, higher interest rates and a fall in expenses support BofA's (BAC) Q3 earnings, while as expected trading and investment banking performance disappoints.
Stock Market News For Oct 15, 2018
by Zacks Equity Research
Wall Street closed sharply higher on Friday buoyed by a strong rebound in tech stocks
JPMorgan, Wells Fargo, Citigroup, Johnson & Johnson, Netflix and Schlumberger are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, Wells Fargo, Citigroup, Johnson & Johnson, Netflix and Schlumberger are part of Zacks Earnings Preview