Wells Fargo (WFC) Q4 Earnings Beat Estimates

09:47am, Friday, 13'th Jan 2023
Wells Fargo (WFC) delivered earnings and revenue surprises of 6.35% and 1.16%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Investors are worried about earnings weakness in the financial sector.
Stephanie Link, chief investment strategist at Hightower Advisors, joins CNBC's 'Squawk Box' to discuss bank earnings, net interest income-sensitive companies, and consumer health in 2023.
The CNN Money Fear and Greed index moved to the "Greed" zone following the release of US inflation data. US stocks closed higher on Thursday after consumer price data showed inflation cooling in Decem
The disappointing earnings report came after Wells Fargo said earlier this week that it would retrench from the U.S. mortgage market.
Shares of Wells Fargo & Co. WFC, +0.21% slumped 2.6% in premarket trading Friday, after the bank reported fourth-quarter profit that was more than halved but topped expectations, while revenue fell sh
U.S. stock index futures were muted on Friday ahead of results from big U.S. banks that will kick off the quarterly earnings season and provide more clues on the strength of corporate America.
Cramer explained what information investors should be on the lookout for when several major banks report their quarterly earnings results on Friday.

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Hello! This week's ETF Wrap shines a light on the financial sector as big banks prepare to release their results on Friday.
CNBC's Hugh Son and Gerard Cassidy of RBC join 'The Exchange' to discuss upcoming bank earnings, Cassidy's picks and projected declines in earnings.
Our call of the day from asset manager Wisdom Tree offers more reasons to put money in one of 2022's best-performing assets.
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