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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.
Q3 Beats from Big Banks Fail to Boost Financial ETFs
by Sanghamitra Saha
Most of the big banks beat on both lines in the third quarter, which were not enough to push financial ETFs higher.
BB&T Corp (BBT) Q3 Earnings as Expected, Revenues Rise Y/Y
by Zacks Equity Research
BB&T Corporation's (BBT) third-quarter results reflect top-line strength and lower provisions, partially offset by higher expenses.
BancorpSouth's (BXS) Q3 Earnings Beat Estimates, Costs Down
by Zacks Equity Research
Driven by improvement in net interest revenues and lower expenses, BancorpSouth (BXS) beats Q3 earnings estimates.
Texas Capital (TCBI) Beats Q3 Earnings & Revenue Estimates
by Zacks Equity Research
Texas Capital Bancshares' (TCBI) third-quarter results reflect solid growth in loans and deposit balances along with lower provisions.
M&T Bank (MTB) Lags Q3 Earnings Estimates, Revenues Rise
by Zacks Equity Research
M&T Bank's (MTB) Q3 results were impacted by a decline in fee income and increase in expenses. However, its strong capital position remains a tailwind.
U.S. Bancorp's (USB) Q3 Earnings as Expected, Revenues Up
by Zacks Equity Research
U.S. Bancorp's (USB) third-quarter results reflect easing margin pressure along with solid growth in loans and deposit balances.
Why did Synovus (SNV) Stock Fall Despite Q3 Earnings Beat?
by Zacks Equity Research
Following third-quarter 2017 results, Synovus Financial Corporation's (SNV) shares declined 1.7%, on concerns over escalating expenses. The company reported a positive earnings surprise of 1.6%.
Northern Trust (NTRS) Tops Q3 Earnings as Trust Income Rises
by Zacks Equity Research
Northern Trust (NTRS) Q3 earnings reflect a rise in trust income and higher interest income.
The Zacks Analyst Blog Highlights: Netflix, Texas Instruments, Constellation Brands, Wells Fargo and Phillips 66
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Netflix, Texas Instruments, Constellation Brands, Wells Fargo and Phillips 66
Goldman's (GS) Q3 Earnings Encouraging, Revenues Up Y/Y
by Zacks Equity Research
The Goldman Sachs Group's (GS) third-quarter 2017 results reflect top-line strength on continued investment banking momentum and strong debt underwriting.
Comerica's (CMA) Q3 Earnings and Revenues Beat Estimates
by Zacks Equity Research
Comerica's (CMA) Q3 results reflect increased revenues and lower expenses. Strong capital position was another positive.
Top Analyst Reports for Netflix, Texas Instruments & Constellation Brands
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Netflix (NFLX), Texas Instruments (TXN) and Constellation Brands (STZ).
Company News For Oct 16, 2017
by Zacks Equity Research
Companies in the news are: AAOI,WFC,FRC,NEO
Bank of America, Wells Fargo and PNC Financial are part of Zacks Earnings Preview
by Zacks Equity Research
Bank of America, Wells Fargo and PNC Financial are part of Zacks Earnings Preview
Wells Fargo (WFC) Q3 Earnings in Line, Legal Costs Flare Up
by Zacks Equity Research
Marred by legal costs, Wells Fargo & Company (WFC) recorded third-quarter 2017 earnings of 84 cents per share, including mortgage related discrete litigation accrual. This compared unfavorably with the prior-year quarter figure of $1.03.
More Economic Data And Earnings Ahead
by Zacks Equity Research
More Economic Data And Earnings Ahead
CPI, Q3 Earnings: Perking, but No Froth
by Mark Vickery
We see more economic data this morning to support the narrative that the economy is perking, but without froth.
Wells Fargo (WFC) Q3 Earnings In Line, Revenue Disappoints
by Zacks Equity Research
Wells Fargo came out with adjusted earnings per share of $1.04, in line with the Zacks Consensus Estimate. Results excluded mortgage-related litigation accrual.
Regional Banks May Do Better than the Big Banks
by Sheraz Mian
The bottom line on bank results is that they aren't bad, but they aren't great either.
JPMorgan (JPM) Q3 Earnings Beat Despite Trading Weakness
by Zacks Equity Research
JPMorgan's (JPM) Q3 earnings improved on higher lending despite weakness in trading and investment banking.
5 Top Bank Stocks to Buy Ahead of Q3 Earnings
by Tirthankar Chakraborty
JPMorgan Chase, Citigroup, Bank of America, Wells Fargo and PNC are expected to post a combined $21 billion in profits this week.
The Zacks Analyst Blog Highlights: JPMorgan Chase, Citigroup, Bank of America and Wells Fargo
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan Chase, Citigroup, Bank of America and Wells Fargo
Top Research Reports for Apple, Wells Fargo & Altria
by Zacks Equity Research
Today's Research Daily features new research reports on 16 major stocks, including Apple (AAPL), Wells Fargo (WFC) and Altria Group (MO)
Here's What to Expect from Major Banks on Q3 Earnings
by Zacks Equity Research
Trading slump, low volume of M&A and rise in credit costs are expected to hurt banks' Q3 earnings. However, marginal loan growth and easing margin pressure might support bottom line.
Should You Buy Bank ETFs Before Earnings Release?
by Sanghamitra Saha
Will Bank ETFs give investors positive earnings surprise?