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Wells Fargo & Co Newsroom
Correction to Big Banks Continue to Feel Pressure From Higher Rates Article -- WSJ
JPMorgan Chief Financial Officer Jeremy Barnum said lower-income consumers have shifted spending to nondiscretionary purchases from discretionary purchases. "Big Banks Continue to Feel Pressure From
Banks Dissapointed Wall Street With Net Interest Income
The earnings season has been offically kicked off by JP Morgan Chase (NYSE:JPM) that reported earnings and revenue well beyond Wall Street estimates. But other big banks also joined in with their
S&P 500 Rises Over 1%; Citigroup Reports Upbeat Q2 Results
U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging past the 40,000 mark on Friday.The Dow traded up 1.09% to 40,187.34 while the NASDAQ rose 1.30% to 18,521.69.
Wells Fargo & Company (WFC) Q2 2024 Earnings Call Transcript
Wells Fargo & Company (WFC) Q2 2024 Earnings Call Transcript
Top Midday Decliners
Arbor Realty Trust (ABR) faces a probe by the Federal Bureau of Investigation and federal prosecutors on lending practices and claims about the performance of its loan book, Bloomberg reported,
Equities Rise Intraday as Markets Weigh PPI Data
US benchmark equity indexes were higher intraday as markets assessed the latest producer prices data, while a survey showed easing consumer inflation expectations.The Nasdaq Composite was up 1.2% at 1
Sector Update: Financial Stocks Higher in Afternoon Trading
Financial stocks advanced in Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both up 0.7%.The Philadelphia Housing Index climbed 2.5%, and the
Dow Reaches Record Highs Above 40,000, Small Caps Ride The Rate-Cut Wave, EV Stocks Rally: What's Driving Markets Friday?
It's another memorable day for the stock market, as the blue-chip Dow Jones Industrial Average Index reaches new record highs, surpassing the 40,000-mark milestone and breaking the previous peak set
Sector Update: Financial
Financial stocks advanced in Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both up 0.7%.The Philadelphia Housing Index climbed 2.1%, and the
Why ASP Isotopes Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Shares of ASP Isotopes Inc. (NASDAQ:ASPI) fell during Friday's session after the company announced pricing of a $30 million public offering of 12 million shares at $2.50 per share.ASP Isotopes
Bank of NY's Stock Leaps Toward a Record After Earnings Beat, Raised Dividend
By Tomi Kilgore Stock's rally comes as those of its bigger banking peers all fell after earnings reports Shares of Bank of New York Mellon Corp. ran up into record territory Friday, after the trust
US Equity Indexes Advance Following Hotter-Than-Forecast Wholesale Price Inflation
US equity indexes rose as investors weighed a higher-than-expected producer price inflation print for June alongside a surprise decline in a consumer sentiment gauge for July.The Nasdaq climbed 0.8%
Big Bank Earnings: What Net Interest Income Says About Growth
Express News | Benzinga Market Summary: Bank Stocks Are Mixed After Earnings, PPI Comes In Above Expectations, Investors Assess Biden's Thursday Press Conference
JPMorgan, Citigroup, Wells Fargo Boast Better-Than-Expected Q2 Results
The first round of bank earnings for the second half concluded on Friday, showcasing generally better-than-expected results from three of the largest U.S. banks: JPMorgan Chase & Co. (NYSE:JPM),
JPMorgan's Profit Drops Excluding Big One-Time Gain
JPMorgan Chase continues to feel the pinch from a plateau in interest rates.
Express News | Wells Fargo CFO Expects Net Interest Income To Trough Toward The End Of The Year
Express News | Wells Fargo CFO Expects Net Interest Income to Trough Toward the End of the Year
Wells Fargo Q2 Earnings: Net Interest Margin Slides, Average Loans Decline, Stock Falls
Wells Fargo & Company (NYSE:WFC) earned a net income of $4.91 billion, down 1% year over year in the second quarter of 2024.
Express News | Wells Fargo Says Continue to De-Risk Office Exposure Including a Rigorous Monitoring Process