The clouds over bank stocks aren't expected to clear anytime soon, fund manager Dave Ellison said, but some names remain attractive based on valuation.
Zacks.com users have recently been watching Wells Fargo (WFC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Chris Harvey, Wells Fargo Securities head of equity strategy, joins 'Closing Bell' to discuss earnings season, estimates, and where the markets and economy go.

Bank ETFs in Focus on Upbeat Earnings

03:02pm, Friday, 20'th Oct 2023
U.S. banking earnings have been an awaited one as investors' view toward the banking sector has dwindled this year.
Staffing levels at some of America's biggest banks are reportedly getting smaller. Aside from the country's largest lender, JPMorgan Chase, the five biggest banks in the U.S. have quietly been cuttin
Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.
In an ever-changing global economy, the stock market remains full of opportunities. The past year has been a roller coaster for many sectors.
Markets wavered Tuesday as investors digested September's U.S. retail sales report and third-quarter earnings from banks.
Losses on loans remain modest despite rising delinquencies and even rising defaults. Higher interest rates have thus far made overall lending activity a more profitable venture.
Earning season is well underway with banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) reporting solid results. Despite this, some bank executives are saying there is still cause for concern.
Big Bank earnings kicked off last Friday, continuing into this week with Goldman Sachs (GS) and Bank of America (BAC) earnings on tap for Tuesday, October 17. What could be this quarter's standout the
Oppenheimer analyst Chris Kotowski on Monday reiterated an outperform rating on JPMorgan Chase & Co. and increased his price target on the stock to $233 from $215 after the bank's stronger-than-expect
Consumers with weaker credit histories are facing pressure. And though headwinds remain, the nation's banking public remains robust at U.S. banks.

US Banks Brace for Tough Times Ahead

10:26pm, Sunday, 15'th Oct 2023
US bank earnings are in focus this week, bracing for results from Goldman Sachs Group, and Morgan Stanley after seeing solid earnings from JPMorgan Chase & Co. and Wells Fargo & Co. Su Keenan reports
Wall Street spent much of this year getting more tepid on third-quarter corporate profits, with expectations for subdued growth giving way to expectations for a slight decline.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE