Despite banks continuing to see benefits of high rates, worries about deposit costs and consumer credit still lurk.
The market liked what it saw in the quarterly releases from JPMorgan JPM, Citigroup C, and even Wells Fargo WFC. There was plenty to like in these results, with the resilient economy helping keep cred
An increase in NII and lower expenses drive Wells Fargo's (WFC) Q3 earnings. However, worsening credit quality was a headwind.
Wells Fargo saw net charge-offs increase, loan demand decrease and average deposits decline during the third quarter.  At the same time, consumer spending remained strong, the bank said Friday (Oct.
Wells Fargo CFO Mike Santomassimo discusses the bank's third-quarter earnings and the regulatory environment with Scarlet Fu and Romaine Bostick on "Bloomberg Markets: The Close."

Why Are Bank Stocks JPM, WFC, C Up Today?

02:37pm, Friday, 13'th Oct 2023
A range of the most prominent U.S. bank stocks surged between 2% and 5% in today's afternoon session. JPMorgan Chase (NYSE: JPM ), Wells Fargo (NYSE: WFC ) and Citigroup (NYSE: C ) each saw impr
Banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) posted their third-quarter earnings this morning. All three beat earnings estimates, navigating economic headwinds and benefitting from highe
Wells Fargo & Co. (NYSE:WFC ) Q3 2023 Earnings Conference Call October 13, 2023 10:00 AM ET Company Participants John Campbell – Director, IR Charles Scharf - President, CEO & Director Michael Santo
Wells Fargo CFO Michael Santomassimo joins 'Squawk on the Street' to discuss the outlook for Wells Fargo, operating efficiencies for the company, and comments from colleagues on other banks in the spa
Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted as written, but said they were hopeful they could win some changes

Big Banks Beat in Q3, Import Prices Lower

12:01pm, Friday, 13'th Oct 2023
JPMorgan, Citi and Wells Fargo all beat estimates on both top and bottom lines. So far so good for the Big Banks in Q3.

Major Banks Start Reporting Q3 Earnings

12:01pm, Friday, 13'th Oct 2023
It's the unofficial start to Q3 earnings season with the morning releases of some of the biggest banks on Wall Street. In truth, we've been seeing Q3 reports come in dribs and drabs previously this we
That was a BNY Mellon strategist summing up the market mood on Friday, as big earnings reports started rolling in from U.S. banks and tensions in the Middle East continued to build, pushing oil prices
Although the revenue and EPS for Wells Fargo (WFC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall
David George, Baird senior analyst, joins 'Squawk Box' to discuss the quarterly earnings results from big banks, what the key takeaways are for investors, state of regional banks, and more.
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