Wells Fargo: No Crisis Here

02:50pm, Tuesday, 14'th Mar 2023
Wells Fargo & Company fell below $40 on fears of a banking crisis. The large bank doesn't face the same risk levels due to lower uninsured deposits as the recent bank failures.
There's nothing like a good old-fashioned bank run to get investors to think about safety again. And investors are tipping their hands.
A wave of customers have applied to shift their accounts to large U.S. banks such as JPMorgan Chase & Co and Citigroup Inc from smaller lenders after the collapse of Silicon Valley Bank, the Financial
Henrique Dubugras, Brex co-CEO, joins 'Closing Bell: Overtime' to discuss the SVB failure and the the impact it could have long term.
Steve Sosnick, Interactive Brokers chief strategist, joins 'Power Lunch' to discuss deposit insurance limits, the political response to Silicon Valley Bank's fallout, and more.
The Federal Reserve may not hike next week as the failure of SVB and two other banks shows the risk of moving too fast. Bank stocks fell further Monday.
Many bank stocks are sinking this morning on continued fears about their financial health. The worries are arising despite the U.S. government's decision, announced yesterday, to guarantee all of the
The abrupt collapse of SVB Financial could spur another wave of risk-averse behavior in U.S. stock markets. Altria Group, JPMorgan Chase, and Wells Fargo may benefit from an upcoming flight to quality
Some banks have paper losses on their debt holdings as high as 67% of their current stock price. As interest rates rose sharply the last 15 months because the Fed increased their Fed Funds target, bon
"We reiterate our overweight recommendation on the sector and would use any large selloff as an opportunity to add risk," Goldman Sachs said.
Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says the crisis at Silicon Valley Bank will ultimately benefit the largest banks. "Guess where the deposits are goi
JPMorgan, Bank of America, Wells Fargo and Morgan Stanley saw $55 billion wiped off their combined market capitalization on Thursday.
Mike Mayo, Wells Fargo senior bank analyst, joins 'Closing Bell' to discuss the big bank sell-off.
Hightower Advisors' Stephanie Link joins 'Closing Bell' to discuss pain in small caps, the health of the banking sector and mortgage exposure in banking.
"This adds to concerns of higher deposit costs, weakening loan demand, potentially weakening credit cycle and weakness in commercial real estate."
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