Michael Santomassimo, Wells Fargo CEO, joins 'Money Movers' to discuss the company's earnings, the change in interest rates impact on business and loan growth.
Wells Fargo is looking to grow after the Federal Reserve's June 3 removal of the asset cap imposed on the bank in 2018. CEO Charlie Scharf said in a Tuesday (July 15) earnings release that Wells Fargo

CPI Increased In-Line With Expectations

12:15pm, Tuesday, 15'th Jul 2025
Events begin to pick up this morning for the ongoing trading week. Following a fairly dormant period of the last week and a half or so, we're finally getting down to some real nitty-grit.
U.S. stocks traded mixed midway through trading, with the Nasdaq gaining more than 100 points on Tuesday.
WFC tops Q2 estimates as higher non-interest income and lower credit losses offset NII pressure and rising expenses.
Following a fairly dormant period, we're finally getting down to some real nitty-grit.
Another earnings season unofficially began before the bell today, with Citigroup Inc (NYSE:C) and Wells Fargo & Co (NYSE:WFC) kicking the floodgates open.

Why Shares of Wells Fargo Are Sinking Today

11:08am, Tuesday, 15'th Jul 2025
Shares of Wells Fargo (WFC -5.56%) are trading roughly 5.5% lower as of 10:44 a.m. ET today after the bank reported earnings results for the second quarter of the year earlier this morning.
Wells Fargo (WFC) was one big bank that traded lower following the pipeline of earnings this morning. Alexander Yokum points to tariffs as the culprit, noting the company's weaker guidance for net int
Big US banks kicked off second-quarter earnings on a high note Tuesday, signalling a rebound in investment banking activity after months of subdued dealmaking. JPMorgan Chase, Citigroup, and Wells Far
Erika Najarian, large cap banks analyst at UBS Securities, joins CNBC's ‘Squawk on the Street' to discuss her reaction to bank earnings as Wells Fargo, JPMorgan Chase, and Citigroup report results o
Wells Fargo & Co (NYSE:WFC, ETR:NWT) on Tuesday reported better-than-expected second-quarter earnings, driven by lower credit loss provisions and higher fee-based income, though shares fell 4.5% in e
Nvidia (NVDA) rallied 5% in the premarket hours after President Trump approved chip exports to China. Jenny Horne talks about how this development opens the door to another run higher for the A.I.
Wells Fargo (WFC) on Tuesday lowered its outlook for net interest income, a key measure of profitability, sending shares lower in premarket trading.
Wells Fargo (WFC) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.33 per share a year ago.
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