Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway (BRK.A, Financial) (BRK.B, Financial) sold about 34 million shares of Bank of America Corp. (BAC, Financial) between July 17 and July 19, 19 mil
The Bank of Japan raised interest rates last week, throwing a monkey wrench into the yen carry trade. Stocks and bonds are selling off as foreign-currency investors struggle to unwind their trades.
Shares of Citigroup (C), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS) and other U.S. banks tumbled after a weak July jobs report.
Wells Fargo (WFC) discloses that it is under investigation for anti-money laundering and sanctions programs in its second-quarter SEC filing.
U.S. bank stocks slumped on Monday as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and toward safe-haven assets.
Rising unemployment and falling job growth point to a weakening economy. In response, the Fed may feel bigger interest rate cuts may be in order.
Wells Fargo's (WFC) cost-saving initiatives, along with its rising deposit balance, are expected to support its financials. However, a subdued loan balance is likely to impede the top-line growth.
Wells Fargo (WFC) faces a lawsuit that claims it violated a federal law requiring firms to manage employee health and retirement programs properly.
Wells Fargo (WFC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Wells Fargo continues its long-standing relationship, joining L'ATTITUDE as the presenting sponsor of the 2024 conference SAN DIEGO , July 30, 2024 /PRNewswire/ -- L'ATTITUDE, the nation's premier bus
A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and femal
Earnings season for this year's second quarter is getting into full-swing. As is almost always the case, the quarterly financial results have been a mixed bag.
With mixed second-quarter bank earnings under our belt, there is a better sense of how capital markets may unfold over the second half of the year. Messages were somewhat mixed, but there is an underl
Wells Fargo's (WFC) strength in fee-based income and capital adequacy seems favorable. However, the existing asset cap is a concern.

Wells Fargo: The Easy Money Has Been Made

04:36am, Monday, 22'nd Jul 2024
Wells Fargo beat earnings predictions for Q2, but missed on net interest income. The lender's non-interest income was driven by strong investment banking activity, however. Balance sheet quality did n
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