Wells Fargo Stock News

WFC earnings call for the period ending December 31, 2021.

Wells Fargo & Co. (WFC) shares closed 1.5% higher than its previous 52 week high, giving the company a market cap of $229B. The stock is currently up 16.7% year-to-date, up 67.9% over the past 12 months, and up 17.5% over the past five years. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 fell 0.7%. Trading Activity Trading volume this week was 19.9% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 54.7% The company's stock price performance over the past 12 months beats the peer average by 111.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 18.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Wells Fargo on Friday beat analysts'' estimates for fourth-quarter profit as a rebound in US economic growth encouraged more customers to take loans and the bank kept a tight lid on costs.

Wells Fargo (WFC) reported better-than-expected fourth-quarter 2021 results before the opening bell Friday.

Most bank stocks drop after JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) start off Q4 earnings seasons with some bumps along the way. In a nutshell: JPMorgan''s <>

NEW YORK , Jan. 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for JPM, RIO, WFC, TSM, and BAC. Full story available on Benzinga.com

Big American banks are on a roll. JPMorgan and Citigroup on Friday reported record full-year earnings for 2021. Wells Fargo might have too, had regulators not forced it to shrink. Customers and financial markets were exceptionally cooperative in 2021 and will probably continue to be so in 2022. But after a period playing on the same side, the lenders’ chief problem is now each other.

Bank stocks are on the move Friday as several big names in the space release earnings reports and we''ve got all the details.

JPMorgan and Citi profits drop, while Wells Fargo grows earnings with a clean beat of Wall Street targets.

Futures Slide After Disappointing JPMorgan Earnings, Tech Rout Worsens After trading flat for much of the overnight session, S&P futures slumped to session lows shortly after JPM reported earnings that disappointed the market (see our full write up here ) and were last trading down 30 points or 0.64%, with Dow futures down 0.3% and Nasdaq futures taking on even more water as the "sell tech" trade was back with a bang. Treasury yields rose 3bps to 1.74% and the dollar reversed an overnight loss. The VIX jumped above 20 and was last seen around 21. The Nasdaq 100 fell to the lowest in almost three months yesterday as tech came under pressure after Fed Governor Lael Brainard said officials could boost rates as early as March. It looks like the selling will continue today. Market sentiment has been shaken by concerns over the prospect of imminent Fed tightening along with record global Covid-19 infection rates, but we dont expect either of these factors to end the equity rally, said UBS Wealth Management CIO Mark Haefele in a note. The fourth-quarter U.S. earnings season, which started this week, could turn investor attention back to strong fundamentals. JPMorgan shares dropped in premarket trading after revenues and EPS beat thanks to a $1.8 billion reserve release while FICC trading revenue missed expectations even as its dealmakers posted their best quarter ever and Chief Executive Officer Jamie Dimon gave an upbeat assessment of prospects for growth.

Wells Fargo (WFC) stock jumps 1.9% in premarket trading as the bank''s Q4 results reflect its efforts to reduce expenses while deposits and lending increased."As the economy continued

The fourth biggest U.S. bank by assets posted quarterly revenue that exceeded analysts'' expectations.

Wells Fargo & Co. said Friday its fourth-quarter profit increased to $5.75 billion, or $1.38 a share, from $3.09 billion, or 66 cents a share in the year-ago quarter. Revenue increased to $20.86 billion from $18.49 billion. The San Francisco-based banking giant was expected to earn $1.11 a share on revenue of $18.79 billion, according to a FactSet survey of Wall Street analysts. "The changes we''ve made to the company and continued strong economic growth prospects make us feel good about how we are positioned entering 2022," CEO Charlie Scharf said. "But we also remain cognizant that we still have a multiyear effort to satisfy our regulatory requirements - with setbacks likely to continue along the way - and we continue our work to put exposures related to our historical practices behind us." The stock rose 1% in premarket trades. Wells Fargo shares have risen 16.7% so far in 2022, compared to a loss of 2.3% by the S&P 500. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Wells Fargo&Co Earnings, Revenue Beat in Q4