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Wells Fargo & (WFC) News

Price: $64.935
Market Cap: $221.02B
Avg Volume: 17.19M

Country: US
Industry: Banks - Diversified
Sector: Financial Services

Beta: 1.16
52W Range: $38.58-65.2075
Website: Wells Fargo &

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Is Wells Fargo Stock the End-of-Year Rebound Story to Watch?

Wells Fargo & Co. NYSE: WFC reported a relatively solid third quarter of 2024 earnings report, beating analyst EPS expectations by 14 cents. The finance sector laggard has done a remarkable job diversifying fee-based income to offset net interest income headwinds.

marketbeat.com

Big Bank Stocks Climb. 3 Stocks to Consider Adding to Your Portfolio.

Big banks should see NII start to improve as the yield curve normalizes.

fool.com

First of Its Kind Change Forum to Bring Together Military, Education, and Business Leaders at Georgetown University

SAN FRANCISCO--(BUSINESS WIRE)--Georgetown University and ZeroMils, a Veteran-owned social impact organization, will co-host the first national Military Thriving Change Forum October 23, 2024, at the Leavey Convention Center at Georgetown University. This groundbreaking event, sponsored by Wells Fargo, will bring together senior leaders from across public, private, and nonprofit sectors to create a blueprint outlining a path forward to improve military recruitment efforts. It intends to combat.

businesswire.com

Wells Fargo CEO Charles Scharf talks credit cards

Wells Fargo President and CEO Charles Scharf joins 'Mad Money' host Jim Cramer to talk quarterly results, recent downsizing and more.

youtube.com

The consumer has been extremely resilient, spend continues to go up, says Wells Fargo CEO

Wells Fargo President and CEO Charles Scharf joins 'Mad Money' host Jim Cramer to talk quarterly results, recent downsizing and more.

youtube.com

Wells Fargo CEO calls consumers 'extremely resilient'

Wells Fargo CEO Charlie Scharf gave CNBC's Jim Cramer a positive read on the consumer landscape. "The consumer's been extremely resilient," he said.

cnbc.com

Three Things We Learned From Big Bank Q3 Earnings

Large U.S. banks exceeded profit expectations in the third quarter. But most also set aside more money for potential credit losses, a possible warning sign for the economy.

investopedia.com

Three Big Takeaways From Bank Earnings

What JPMorgan, Bank of America, Citi and Wells Fargo told us about consumers' finances.

wsj.com

Wells Fargo: Solid Q3 Earnings Boost Optimism

Wells Fargo's Q3 earnings exceeded bottom-line expectations, with a notable 7% sequential rise in EPS and a strong performance in non-interest income. Despite a seventh consecutive quarter of declining net interest income and net interest margin, optimism remains for a near-term NII trend reversal. My "buy" rating on Wells Fargo remains intact, supported by positive momentum in non-interest income and an improving funding mix.

seekingalpha.com

Goldman Sachs Stock Edges Higher as Results Surpass Estimates

Goldman Sachs (GS) reported third-quarter earnings that were better than analysts expected Tuesday morning, continuing a stretch of strong big bank earnings kicked off last week by rivals JPMorgan Chase (JPM) and Wells Fargo (WFC).

investopedia.com

Is Trending Stock Wells Fargo & Company (WFC) a Buy Now?

Recently, Zacks.com users have been paying close attention to Wells Fargo (WFC). This makes it worthwhile to examine what the stock has in store.

zacks.com

Goldman Sachs Stock Rises as Results Surpass Estimates

investopedia.com

These Analysts Increase Their Forecasts On Wells Fargo After Better-Than-Expected Q3 Earnings

Wells Fargo & Company WFC reported better-than-expected earnings for its third quarter on Friday.

benzinga.com

"Better Picture" Ahead for Banking Stocks

CFRA's Kenneth Leon says there were "no surprises" to the downside for the beginning of banking's earnings season. Stephen Biggar with Argus Research agrees but notes the loan lending businesses for many banks are lagging.

youtube.com

Strong Earnings From JPMorgan, Wells Fargo Drive Dow, S&P 500 To Record Highs: Fear Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Greed” zone on Friday.

benzinga.com

Banking Giants Say Consumer Spending Remains Resilient Despite Inflation

America's biggest banks say consumers are still spending in spite of inflation. As Reuters reported Friday (Oct. 11), earnings from two of the country's biggest banks — and optimistic commentary from their executives — could make investors less worried that high borrowing costs were pressuring consumers and leading to a possible downturn.

pymnts.com

Wells Fargo: A Way To Go To Get To Satisfactory

Wells Fargo's growth is restricted by an asset cap. The bank must enhance its practices and demonstrate consistent progress in quarterly reports, a process that could take years. Earnings per share growth is possible through share repurchases and improving operating results.

seekingalpha.com

Consider Buying Amazon Stock On Weakness Caused By Wells Fargo's Downgrade

Wells Fargo downgraded Amazon's shares due to margin pressures and the reduced, positive impact of its advertising business, but maintains a long-term bullish outlook on the name. AWS is poised for growth as companies migrate more of their infrastructure to AWS and increasingly outsource cloud management. AI trends are boosting AWS, with AWS CEO Matt Garman noting that its Bedrock platform is growing rapidly.

seekingalpha.com

JPMorgan and Wells Fargo Earnings Show the U.S. Economy's 2 Realities

People are not springing for new loans as interest rates remain elevated.

barrons.com

Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers

Lower inflation and interest rates may give some relief to consumers who need it most, Wells Fargo CEO Charlie Scharf said Friday (Oct. 11).

pymnts.com

The Q3 Earnings Season Kicks Off Positively

The market liked what it saw in the quarterly releases from JPMorgan JPM and Wells Fargo WFC, even though Wells Fargo came up short on the top-line while JPMorgan beat both top- and bottom-line expectations.

zacks.com

Wells Fargo: Great Q3 Earnings, But Momentum May Be Tough To Sustain

Wells Fargo's Q3 earnings exceeded expectations, and management is doing a great job despite regulatory constraints. Despite impressive Q3 results, I don't see much additional upside over the next 6-12 months. Falling interest rates have a significant negative impact on profitability.

seekingalpha.com

BofA's Ebrahim Poonawala talks what to expect from bank earnings

Ebrahim Poonawala, Bank of America Securities senior analyst, joins 'Closing Bell Overtime' to talk bank earnings and what to expect form next week's slate of earnings.

youtube.com

Wells Fargo Presents a Great Opportunity, Gabelli's Sykes Says

Gabelli Funds Portfolio Manager Macrae Sykes reacts to JPMorgan's and Wells Fargo's earnings and discusses the outlook for bank earnings on "Bloomberg The Close." Sign up for Matt Levine's Money Stuff, a newsletter about Wall Street, finance and other stuff: https://bloom.bg/3X2O2d8 -------- More on Bloomberg Television and Markets Like this video?

youtube.com

There's 'hidden value' in Wells Fargo: Portfolio manager

As big banks are set to report their third quarter earnings, Gabelli Funds portfolio manager Macrae Sykes joins Catalysts to discuss his top picks in the sector. Sykes points to Wells Fargo (WFC) as one of his top holdings, explaining that the bank has underperformed since it became subject to an asset cap in 2018.

youtube.com

Wells Fargo Q3 Earnings Beat on Higher Fee Income, Lower Expenses

Higher non-interest income and a decline in non-interest expenses support WFC's third-quarter 2024 results. A decline in NII is a spoilsport.

zacks.com

Big US banks say consumers are still strong, despite economy fears

U.S. consumers remain resilient with solid spending in the third quarter, two of the country's biggest lenders said on Friday, although there are signs higher inflation has stretched some Americans on lower incomes.

reuters.com

Gold Gains 1%; Wells Fargo Shares Gain After Q3 Earnings

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 250 points on Friday.

benzinga.com

Wells Fargo & Company (WFC) Q3 2024 Earnings Call Transcript

seekingalpha.com

Wells Fargo CFO: Near the trough on net interest income

Michael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss the story with the company's quarter, how the company is gaining market share, and much more.

youtube.com

Earnings reports Q3 2024: BlackRock, JPMorgan, and Wells Fargo reveal mixed results

In a mixed bag of earnings reports from major financial institutions, BlackRock, JPMorgan Chase, and Wells Fargo have revealed insights into their financial health for the third quarter of 2024.

invezz.com

Producer Price Index Unchanged in September

Pre-market futures are mixed ahead of the final trading session of the week. Major indexes are up, thanks to a robust day on the markets Wednesday, with the exception of the small-cap Russell 2000, which is down -1% from this time a week ago.

zacks.com

PPI Inflation Flat for September; JPM and WFC Beat on Q3 Earnings

Year-over-year PPI has been the low water mark for inflation levels going back several months, and today shows a +1.8% for September.

zacks.com

Why JPMorgan Chase, Bank of America, and Wells Fargo Are Trading Higher

JPMorgan Chase and Wells Fargo reported third-quarter earnings this morning.

fool.com

Wells Fargo Joins Bank Earnings Deluge

Banking giant Wells Fargo & Co (NYSE:WFC) is one of several big finance firms that are fresh off an early morning earnings report.

schaeffersresearch.com

Bank profitability comes into focus in Q3

CNBC's Leslie Picker reports on the takeaways from Wells Fargo earnings report.

youtube.com

Wells Fargo Stock Rises as Q3 Profit Falls Less Than Expected

Wells Fargo (WFC) shares rose roughly 6% Friday morning after the bank reported better-than-expected third-quarter revenue and profit.

investopedia.com

Wells Fargo shares surge as Q3 earnings top expectations

Wells Fargo & Co (NYSE:WFC, ETR:NWT) shares added more than 6% after the bank's third quarter earnings exceeded Wall Street's expectations. Adjusted earnings per share of $1.42 handily beat estimates of $1.28 but were down from $1.48 in the year-ago quarter.

proactiveinvestors.com

Here's What Key Metrics Tell Us About Wells Fargo (WFC) Q3 Earnings

The headline numbers for Wells Fargo (WFC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

zacks.com

JPM, WFC's Big Start to Bank Earnings

Daniel Kern says JPMorgan Chase (JPM) CEO Jamie Dimon is taking a "well-earned victory lap" after posting an earning beat. He breaks down the report to show how the banking giant is building a "powerhouse" for itself.

youtube.com

JP Morgan And Wells Fargo Kick Off Earnings Season

Key Takeaways

forbes.com

Wells Fargo (WFC) Q3 Earnings Beat Estimates

Wells Fargo (WFC) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.39 per share a year ago.

zacks.com

Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income

CNBC's Leslie Picker reports on the bank's quarterly earnings results.

youtube.com

Wells Fargo Reports Third Quarter 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its third quarter 2024 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on Oct. 11, 2024, and available on the SEC's website at www.sec.gov. Conference call The company will host a live conference call on Friday, Oct. 11, at 10:00 a.m. Eas.

businesswire.com

Wells Fargo's profit falls on lower interest income

Wells Fargo's profit fell in the third quarter as the bank's interest income was squeezed by subdued loan demand and higher payments to depositors.

reuters.com

Wells Fargo Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Wells Fargo & Company WFC will release earnings results for its third quarter before the opening bell on Friday, Oct. 11.

benzinga.com

Easing cycle should be more favorable for banks going forward, says BofA's Ohsung Kwon

Steve Sosnick, Interactive Brokers chief strategist, and Ohsung Kwon, BofA Securities, talks the day's market action and upcoming bank earnings.

youtube.com

Neurodiversity workshops to be delivered at no cost to corporate America through UConn and Wells Fargo collaboration

$3.75 million grant from Wells Fargo to provide employers with free neurodiversity education, training, academic research, and talent connections STORRS, Conn. , Oct. 10, 2024 /PRNewswire/ -- Wells Fargo has partnered with the University of Connecticut's Center for Neurodiversity & Employment Innovation to introduce free neurodiversity workshops for corporate America.

prnewswire.com

JPMorgan Vs. Wells Fargo: Which Bank Stock Is More Bullish Ahead Of Q3 Earnings?

Analysts and investors are keenly observing the stock performance of JPMorgan Chase & Co JPM and Wells Fargo & Co WFC ahead of their third-quarter earnings reports on Oct. 11.

benzinga.com

How To Earn $500 A Month From Wells Fargo Stock Ahead Of Q3 Earnings

Wells Fargo & Company WFC will release earnings results for its third quarter before the opening bell on Friday, Oct. 11.

benzinga.com

What to watch for when banks report Q3

Thomas Michaud, KBW president and CEO, joins 'Money Movers' to discuss what to watch for in Q3 bank earnings, how the Fed's path for rate cuts could impact the markets, and more.

youtube.com

What to Expect from Q3 Bank Earnings Starting This Week

U.S. banks are expected to see lower earnings in their third-quarter financial reports due to the ongoing impact of higher deposit costs.

investopedia.com

Wells Fargo Stock Gears Up for Earnings

Wells Fargo & Co (NYSE:WFC) is slated to step into the earnings confessional before the market opens on Friday, Oct. 11.

schaeffersresearch.com

Amazon Stock Downgrade By Wells Fargo: A Bearish Signal On Growth Concerns

In a surprising twist, Amazon.com Inc AMZN stock has been downgraded by Wells Fargo & Co WFC from overweight to equal weight, raising eyebrows in the investment community.

benzinga.com

Wells Fargo and SUMA Wealth Launch Jefa Business Bootcamp, Equipping Latina Entrepreneurs With Tools and Knowledge to Build and Scale Their Business in Honor of Hispanic Heritage Month

LOS ANGELES--(BUSINESS WIRE)--In celebration of Hispanic Heritage month, SUMA Wealth, the fastest-growing financial technology company devoted to increasing prosperity for young U.S. Latinos and their families, and Wells Fargo today announced the launch of the Jefa Business Bootcamp, an educational program designed to provide Latina entrepreneurs with the tools and resources they need to build and grow successful businesses. ‘Jefa' translated means ‘girl boss' in Spanish, and through the Jefa B.

businesswire.com

Gear Up for Wells Fargo (WFC) Q3 Earnings: Wall Street Estimates for Key Metrics

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Wells Fargo (WFC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.

zacks.com

Elena M. Gallo Named Government Banking Division Executive

SAN FRANCISCO--(BUSINESS WIRE)-- #California--Wells Fargo & Company (NYSE: WFC) today named Elena M. Gallo as Government Banking Division Executive.

businesswire.com

The Zacks Analyst Blog JPMorgan, Wells Fargo BlackRock, PepsiCo and Delta

JPMorgan, Wells Fargo BlackRock, PepsiCo and Delta are included in this Analyst Blog.

zacks.com

The banks best positioned to benefit from easing rates: Expert

JPMorgan (JPM), Wells Fargo (WFC), and BNY Mellon (BK) will kick off the third quarter earnings season on Friday. Citizens JMP director of financial technology research Devin Ryan joins Market Domination to break down what investors can expect from these earnings and his top plays in the sector.

youtube.com

Lower NII & Higher Expenses to Hurt Wells Fargo in Q3 Earnings

Rising expenses and lower NII are likely to weigh on WFC's Q3 earnings, though a rise in mortgage banking fees is expected to offer some support.

zacks.com

3 Banking Giants Set to Kick Off Earnings Season

Earnings season is set to kick into high gear at the end of the week, and amongst the swath of companies set to release their quarterly results are several major financial firms.

schaeffersresearch.com

Higher for longer will be tougher on banks, says UBS' Erika Najarian

Erika Najarian, UBS large cap banks analyst, joins 'Squawk on the Street' to discuss what bank investors want from interest rates, if the bank outlooks stand, and much more.

youtube.com

Wall Street Awaits Key Inflation Data

U.S. stock futures are trading in negative territory to start the second week of October. This month generally remains volatile.

zacks.com

Wells Fargo Q3 Earnings Preview: Stock Attractive As Interest Rates Fall

Wells Fargo's earnings saw a decline in net interest income due to higher funding costs, despite beating earnings and revenue expectations in its last quarter. WFC stock underperformed the S&P 500, returning a loss of 4.29% over the last year, with weak momentum scoring a D+. Opportunities include leveraging AI for efficiency, expanding wealth management, and benefiting from falling interest rates and strong stock markets.

seekingalpha.com

Are Bank Stocks a Buy Ahead of Quarterly Results?

At a time when the S&P 500 index is at or near its record level, the Finance sector's discounted valuation has to be one of the most attractive investment spots in the market.

zacks.com

S&P 500 Earnings: Financials Face A Tough Compare With Q3 2023

Next week, Q3 '24 earnings start and the majority of the interest on the part of investors will be Friday, October 11th's financial services earnings. For the sector as a whole, financial services is presently looking for just +1.8% EPS growth in Q3 '24. Surprising to me was that the financial sector was expecting just +4.8% EPS growth in Q1 '24, and the actual was more than double that amount at +13.1%.

seekingalpha.com

BofA Securities Has 3 Top Q4 Dividend US Stock Picks With Huge Upside Potential

24/7 Wall St. Insights The fourth quarter is underway, and Wall Street is out with top stock picks.

247wallst.com

Loan demand will increase as banks gain confidence the economy is expanding: RBC's Gerard Cassidy

Gerard Cassidy, co-head of global financials research at RBC Capital Markets, joins CNBC's 'Money Movers' to discuss his read on the jobs report, when loan demand will start to increase, and more.

youtube.com

Earnings Preview: Wells Fargo (WFC) Q3 Earnings Expected to Decline

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.

zacks.com

JPMorgan, Wells Fargo to kick off bank earnings parade as Wall Street weighs lower interest rates

JPMorgan Chase & Co. and Wells Fargo & Co. kick off third-quarter earnings season this coming Friday, as Wall Street looks for fresh clues on how lower interest rates may boost profits for big U.S. banks.

marketwatch.com

Wells Fargo to Announce Third Quarter 2024 Earnings on Oct. 11, 2024

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC), as previously announced, will report its third quarter 2024 earnings results on Friday, Oct. 11, 2024, at approximately 7:00 a.m. Eastern time. The results will be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/. In addition to being available on the company's Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website a.

businesswire.com

Wells Fargo (WFC) Declines More Than Market: Some Information for Investors

Wells Fargo (WFC) concluded the recent trading session at $54.98, signifying a -0.58% move from its prior day's close.

zacks.com

OpenAI establishes $4 bln credit facility

OpenAI said on Thursday it has established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday.

reuters.com

OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity

On top of OpenAI's long-awaited funding round that closed yesterday, the company has also put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion. JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC all participated.

cnbc.com

Navigating Market Uncertainty: Intrinsic Value of Wells Fargo & Co

In this article, we will take a look into Wells Fargo & Co's (WFC, Financial) DCF analysis, a reliable and data-driven approach to estimating its intrinsic value. Instead of using future free cash flow as in the traditional DCF model, the GuruFocus DCF calculator uses EPS without NRI as the default for the DCF model based on research that shows that historically stock prices have been more correlated with earnings than free cash flow.

gurufocus.com

Earnings Growth Set to Accelerate

The year-over-year growth pace in aggregate earnings is expected to accelerate over the next four periods, with the absolute dollar level of quarterly earnings expected to reach new all-time records in each quarter as well.

zacks.com

Wells Fargo & Company: Assessment of Digital Transformation Strategies, Innovation Programs, Technology Initiatives, ICT Budgets, Major ICT Contracts & More

Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Wells Fargo & Company 2024" company profile has been added to ResearchAndMarkets.com's offering.

globenewswire.com

Is Most-Watched Stock Wells Fargo & Company (WFC) Worth Betting on Now?

Recently, Zacks.com users have been paying close attention to Wells Fargo (WFC). This makes it worthwhile to examine what the stock has in store.

zacks.com

Wells Fargo: A Stable Dividend Payer With Growth In Fees-Driven Segments

Wells Fargo has a proven record of stable quarterly dividend payouts, though its yield is around 2.8% now and growth history mixed. Although loan growth appears to have declined, its fees-driven business segments have shown growth potential recently, which, I think, can grow future fees income. With such a huge loan book, it is exposed to loan charge-off trends like many banking peers, as well as Fed rate decisions.

seekingalpha.com

Wells Fargo, Citigroup, Goldman Sachs Poised For Gains Amid Fed Rate Cuts - Morgan Stanley

Earlier this month, the Federal Reserve slashed interest rates by 50 basis points at its September Federal Open Market Committee meeting, lowering the federal funds rate in the range of 4.75%-5%.

benzinga.com

Fiserv-Wells Fargo Merchant Acquiring Joint Venture to Expire in April

Fiserv disclosed Wednesday (Sept. 25) that it expects its merchant acquiring joint venture with Wells Fargo to expire April 1, 2025.

pymnts.com

Wells Fargo (WFC) Soars 5.2%: Is Further Upside Left in the Stock?

Wells Fargo (WFC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

zacks.com

WFC Stock Up 5.2% on Submission of Review to Fed for Lifting Asset Cap

Wells Fargo submits a third-party review of its risk and control overhauls to the Fed. The stock soars as this might result in the lifting up of its asset cap.

zacks.com

WFC Faces Lawsuit Over Interest Rates on Cash Sweep Accounts

Wells Fargo faces a new lawsuit as it exploits its cash sweep programs to earn significant profits, all while offering clients much lower interest rates.

zacks.com

Report: Wells Fargo Submits Third-Party Review to Federal Reserve

Wells Fargo reportedly submitted a third-party review of its risk and control overhauls to the Federal Reserve, seeking to end the Fed's cap on its assets.

pymnts.com

Wells Fargo's stock up on reported progress on its biggest outstanding regulatory issue

Wells Fargo & Co.'s stock rose 3.5% on Thursday after a report that the bank has submitted a third-party review of its risk and control efforts as part of its move to lift a seven-year-old asset cap.

marketwatch.com

Micron set to benefit as memory's role in AI is not fully appreciated, says Wells Fargo's Rakers

Aaron Rakers, Wells Fargo analyst, joins CNBC to discuss his buy rating on Micron, where the company stands among the big beneficiaries of AI, and more.

youtube.com

Wells Fargo sends Fed crucial review for lifting asset cap, Bloomberg News reports

Wells Fargo has sent the Federal Reserve a third-party review of its risk and control overhauls as it looks to shed an asset cap imposed by the regulator, Bloomberg News reported on Thursday, citing people familiar with the matter.

reuters.com

Q3 Earnings Season: A Look Ahead

Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

zacks.com

Wells Fargo (WFC) Suffers a Larger Drop Than the General Market: Key Insights

The latest trading day saw Wells Fargo (WFC) settling at $53.61, representing a -1.02% change from its previous close.

zacks.com

U.S. Bank Stocks Rally After Fed Cuts Interest Rates by 50Bps

U.S. banks, including C, WFC, JPM, HTBI and FFWM, rally as the Fed cuts rates, raising hopes of lower deposit costs and improving loan demand and asset quality.

zacks.com

Wells Fargo Bank Decreases Prime Rate to 8.00 Percent

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 8.00 percent from 8.50 percent, effective tomorrow, Sept. 19, 2024. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consu.

businesswire.com

GameStop CEO Ryan Cohen to pay $1M fine over Wells Fargo stock purchases

GameStop Corp (NYSE:GME) CEO Ryan Cohen has agreed to pay a nearly $1 million civil penalty to settle the US Federal Trade Commission's claim he failed to report the acquisition of more than $100 million worth of Wells Fargo shares. The Hart-Scott-Rodino Antitrust Act (HSR) requires companies and individuals to report large transactions including securities acquisitions over a certain threshold to the FTC and Department of Justice, allowing federal agencies to investigate these deals before closing.

proactiveinvestors.com

Wells Fargo Introduces New APIs for Commercial Banking Clients

WFC launches APIs for its commercial banking clients, boosting order processing, inventory planning, invoicing, technology integration & money management.

zacks.com

Wells Fargo (WFC) Beats Stock Market Upswing: What Investors Need to Know

In the closing of the recent trading day, Wells Fargo (WFC) stood at $54.51, denoting a +1.34% change from the preceding trading day.

zacks.com

Volkswagen Financial Services U.S. and Wells Fargo announce cooperation agreement for vehicle purchase financing of Volkswagen, Audi, and Ducati brands in the United States

- Wells Fargo will provide new U.S. consumer retail financing for vehicle purchase as a co-branded offering, with an estimated transition beginning in April 2025 - VWFS continues to lead VWGoA financing solutions for brand and dealer relationships while prioritizing consumer leasing and delivering usage-based products, including mobility solutions RESTON, Va. and SAN FRANCISCO , Sept.

prnewswire.com

Wells Fargo faces OCC enforcement, but Jim Cramer sees opportunity in stock

Shares of Wells Fargo & Co (NYSE: WFC) dipped following news of an enforcement action by the Office of the Comptroller of the Currency (OCC), citing the bank's insufficient anti-money laundering efforts. Despite this, Jim Cramer views the pullback as an opportunity to buy a quality stock at a discount.

invezz.com

WFC Signs Agreement With OCC to Fix AML Program, Stock Dips 4%

Wells Fargo signs an agreement with OCC to improve its overall AML and sanctions risk management processes.

zacks.com