Wells Fargo (WFC) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.25 per share a year ago.
U.S. stock futures were mixed this morning, with the Dow futures gaining around 10 points on Friday.
The major index futures traded narrowly mixed early Friday as the imminent release of the June producer price inflation report kept traders on edge as they await confirmation that inflation is sustain
The San Francisco-based bank recorded $11.92 billion in net interest income, a key measure of what a bank makes on lending, marking a 9% year-over-year decline.

Wells Fargo profit falls on deposit costs

06:59am, Friday, 12'th Jul 2024
Wells Fargo's second-quarter profit declined and it missed estimates for interest income as the lender shelled out more to hold on to customers' deposits amid intense competition, sending its shares d

Markets Sell the News After Satisfying CPI

07:01pm, Thursday, 11'th Jul 2024
The Inflation Rate came in better than expected for a soft landing, but the S&P and Nasdaq posted their worst trading day in two months.
Big bank earnings kick off Friday with Citi (C), Wells Fargo (WFC) and JPMorgan Chase (JPM) reporting their second-quarter results. Bank of America (BAC) is set to follow on Tuesday.
Dow giant JPMorgan reports Friday, along with Wells Fargo and Citigroup. JPM stock and Citi are in buy zones.

Challenges Facing Big Banks Ahead of Earnings

11:29am, Thursday, 11'th Jul 2024
Big banks are set to start reporting earnings on Friday. Traders have lots of factors to consider including the presidential election and when the Federal Reserve might begin to cut interest rates.
The financial sector, and specifically the sector ETF Financial Select Sector SPDR Fund NYSE: XLF, has been consolidating for several months and is now approaching a significant breakout level.
The second-quarter 2024 earnings for the Finance sector start tomorrow, with three big banks – JPMorgan JPM, Citigroup C, and Wells Fargo WFC – slated to announce quarterly numbers. Another big ba
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Wells Fargo (WFC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the
Wells Fargo & Company WFC is scheduled to release its financial results for the second quarter, before the opening bell on Friday, July 12.
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods,
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods,
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