Wells Fargo has stated that it will be pulling back on its real estate offering operations while Franchise Group, the parent company of Vitamin Shoppe, is reportedly considering taking its company pri

Wells Fargo Is Shrinking Its Mortgage Business

05:40pm, Tuesday, 10'th Jan 2023
Once the nation's biggest mortgage lender, the bank will lend primarily to existing customers and minority borrowers.
CNBC's Hugh Son joins 'Closing Bell: Overtime' to report that Wells Fargo has decided to take a significant step back from the mortgage market.
Wells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its own bank customers as well as people in “minority communities.”
It's the latest, and perhaps most significant, strategic shift that CEO Charlie Scharf has undertaken since joining Wells Fargo in late 2019.
Upgrades Morgan Stanley upgraded the previous rating for Stem Inc (NYSE:STEM) from Equal-Weight to Overweight. In the third quarter, Stem showed an EPS of $0.22, compared to $0.15 from the year-ago qu
Rising prices and higher borrowing costs have led consumers and businesses to curb spending, and since banks serve as economic middlemen, their profits decline when activity slows.

NII to Support Wells Fargo (WFC) Q4 Earnings, Mortgage to Hurt

02:06pm, Tuesday, 10'th Jan 2023 Zacks Investment Research
Higher interest rates and decent loan demand are expected to have aided Wells Fargo's (WFC) Q4 earnings amid dismal mortgage business and higher provisions.
Bank stocks are expected to move between 3.80% and 5.90% over this week's earnings announcements. Here's what the option market is saying.
The nation's second largest bank bucked the downward trend in the latter half of 2022.

How Will Bank ETFs Perform in Light of Q4 Earnings?

07:16pm, Monday, 09'th Jan 2023 Zacks Investment Research
Big banks will start releasing their quarterly numbers this week.
Big banks will start releasing their quarterly numbers this week.

Q4 2022 Earnings Season in Focus

03:45pm, Monday, 09'th Jan 2023 Zacks Investment Research
Q4 2022 Earnings Season in Focus.
Wells Fargo labels the reported incident "deeply disturbing."

Pre-Markets Continue Higher; CPI, Big Banks on Deck

03:18pm, Monday, 09'th Jan 2023 Zacks Investment Research
What this week lacks in overall volume of news events it is expected to make up in impact.
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