Wells Fargo, the fourth largest US lender, has raised its annual forecast for net interest income (NII) after reporting a surge of 57% in profit for the second quarter. NII climbed 29% to reach $13.16

5 Things to Know Before Markets Open

07:55am, Friday, 14'th Jul 2023
Shares of JPMorgan and Wells Fargo surge after reporting earnings that beat analyst expectations and U.K. regulators extend the deadline on the Microsoft-Activision merger probe. Here's what investors
Wells Fargo posts second-quarter earnings of $1.25 a share on revenue of $20.53 billion.
Wells Fargo & Co. reported second-quarter results that saw revenue come in ahead of estimates at $20.53 billion. Sonali Basak examines the numbers on Bloomberg Television.
Wells Fargo beat Wall Street estimates on the top and bottom lines for the second quarter, sending its stock higher in premarket trading.
Shares of Wells Fargo & Co. WFC, +1.04% rallied 3.3% toward a four-month high in premarket trading Friday, after the San Francisco-based bank beat second-quarter profit and revenue expectations, as hi
Wells Fargo's profit rose in the second quarter as it earned more in interest payments from customers.

Markets Keep Strong Ahead of Big Bank Q2 Earnings

07:22pm, Thursday, 13'th Jul 2023
If you've just now woken up to the idea that the Fed will land this plane softly, you may be a little late to the party.
Richard Ramsden, Goldman Sachs analyst, joins 'Closing Bell Overtime' to talk bank earnings, the impact of the credit crunch on commercial real estate and more.
Big U.S. banks kick off second-quarter earnings on Friday, with investors bracing for a subsequent wave of borrowing in the bond market from America's top lenders.
Gillian Tett, The Financial Times Editor-at-Large, U.S., spoke with Yahoo Finance Live anchors Brad Smith and Julie Hyman about what investors should be looking for from big banks' quarterly reports.
JPMorgan Chase JPM, +0.50% was downgraded to neutral from buy at Citi ahead of second-quarter earnings for the banking sector. Citi analysts led by Keith Horowitz said JPMorgan's premium valuation has

3 Bank Stocks Hiking Their Dividends at Least 10%

05:50am, Thursday, 13'th Jul 2023
Investors have wondered about banks' ability to return capital to shareholders due to the challenging environment. Most banks have also been preparing for higher capital requirements, which has made t
Earnings estimates for Q2 came down as the quarter got underway, though the magnitude of cuts to estimates was notably below what we saw in other recent comparable periods.
Earnings estimates for Q2 came down as the quarter got underway, though the magnitude of cuts to estimates was notably below what we saw in other recent comparable periods.
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