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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.
Fed Gives a Thumbs Up to Capital Plans of 34 Banks
by Priti Dhanuka
The Federal Reserve' approval of the capital plans of 34 financial institutions, out of the 35 participating in the 2018 Comprehensive Capital Analysis and Review (CCAR), highlights stability in the banking system, to a great extent.
Are Humanoid Robots & AI the Future of Banking Industry?
by Swayta Shah
Use of artificial intelligence and other latest technology including robots will likely help banks to enhance client experience and grow business.
Good Start to Q2 Earnings Season
by Sheraz Mian
Total Q2 earnings are expected to be up +19% from the same period last year.
Good Start to Q2 Earnings Season
by Sheraz Mian
Total Q2 earnings are expected to be up +19% from the same period last year.
Wells Fargo Cuts Mortgage Jobs, Raises Credit Card Rewards
by Zacks Equity Research
Wells Fargo (WFC) continues to undertake efforts aimed at improving its financial position.
Wells Fargo Cuts Jobs on Declining Mortgage Originations
by Zacks Equity Research
Wells Fargo's (WFC) efforts to recover its image, along with an improving economic backdrop might support its growth in the near term.
Bank Stock Roundup: Trade War Discourages Investors, WFC & Citi in Focus
by Zacks Equity Research
Escalating U.S.-China trade-war tensions and heightening political uncertainties pull U.S. bank stocks down.
Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Oracle, Adobe and FedEx
by Zacks Equity Research
Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Oracle, Adobe and FedEx
Banks Clear Fed's Stress Test: Bigger Payout to Follow?
by Swayta Shah
Clearance of stress test indicates banks' balance sheet strength. Thus, shareholders can now expect a bigger payout in terms of enhanced capital deployment plans.
Has Earnings Growth Peaked Already?
by Sheraz Mian
This earnings cycle got underway back in 2009 when the U.S. economy got out of its last recession.
Nasdaq Hits Record High: 5 Tech Stocks Defying Trade Fears
by Swarup Gupta
Tech companies have been the leading gainers during market recoveries from losses attributable to trade-related issues.
Previewing the Q2 Earnings Season
by Sheraz Mian
Total Q2 earnings for the S&P 500 index are expected to be up +18.3%
Previewing the Q2 Earnings Season
by Sheraz Mian
Total Q2 earnings for the S&P 500 index are expected to be up +18.3%
Banks to Raise Payouts Ignoring Tougher Stress Test
by Ritujay Ghosh
Despite a tougher stress test, the largest U.S. banks are expected to pay out more than what they earn for the first time since the economic crisis.
Wells Fargo (WFC) Plans to Streamline Wealth Management Unit
by Zacks Equity Research
Wells Fargo (WFC) takes another step toward its impressive cost-cutting target by restructuring the company's wealth and investment management segment.
Wells Fargo Asset Management Unit Taps Into Private Credit
by Zacks Equity Research
Wells Fargo (WFC) to move ahead of past misconducts with settlement and focus on improving financials.
Will Wells Fargo Sales Scandal Open a Can of Worms for Banks?
by Zacks Equity Research
Banks likely to get entangled in regulatory issues in the near future, disappointing investors.
Wells Fargo to Relax Pricing Policy for Small Businesses
by Zacks Equity Research
Wells Fargo (WFC) takes initiatives to compete with the growing startups and plans to introduce digital modes of payment processing.
Wells Fargo in Trouble, USAA Accuses for Patent Infringement
by Zacks Equity Research
Wall Street giant, Wells Fargo (WFC), in the spotlight once again after USAA accuses the former of patent infringement.
F.N.B. Seeks to Strengthen Consumer Banking Operations
by Zacks Equity Research
F.N.B.'s (FNB) strategic efforts are expected to further boost its operating efficiency and strengthen fundamentals.
Wells Fargo (WFC) to Divest 52 Midwest Branches to Flagstar
by Zacks Equity Research
Wells Fargo (WFC) remains on track to achieve cost savings target of $4 billion in 2018.
Bank Stock Roundup: Concerns Dominate, JPMorgan & BofA in Focus
by Zacks Equity Research
Subdued Q2 trading outlook by major banks and heightening political drama in Italy pulls U.S. bank stocks down.
Wells Fargo Gets Judge's Nod for Sales Scandal Settlement
by Zacks Equity Research
Wells Fargo (WFC) to move ahead of past misconducts with settlement and focus on improving financials.
Zacks Value Investor Highlights: Netflix, Wells Fargo, Newell Brands, Chipotle and Disney
by Zacks Equity Research
Zacks Value Investor Highlights: Netflix, Wells Fargo, Newell Brands, Chipotle and Disney
Big Banks Forecast Lackluster Q2 Guidance, Muted Trading
by Zacks Equity Research
Big banks - Bank of America (BAC) and Wells Fargo (WFC) - announce Q2 guidance and update on recent issues.