Wells Fargo Stock News

Wells Fargo raised CEO Charles Scharf's total compensation for 2023 to $29 million, the bank said on Thursday.

The financial sector, which accounts for around one--fifth of the S&P 500 Index, had a mixed Q4.

The failures of Silicon Valley Bank and First Republic Bank last year cost the Federal Deposit Insurance Corporation (FDIC) $18.7 billion. The FDIC imposed a special assessment on 114 financial instit

Financials sector earnings have been mixed so far. Decent numbers were reported by JPMorgan Chase & Co. (JPM, Financial), while Bank of America Corp. (BAC, Financial), Wells Fargo & Co. (WFC, Financia

Are you planning to rush into CDs and money market funds to lock in yields before the Fed cuts rates? Wake up and see the inflation-adjusted returns of these so-called guaranteed 5% yields. We discuss

US bank earnings, with more than $1 trillion in market capital reported on the first day of the fourth quarter earnings season alone, support the view of Bank of America analysts for a continued re-ra

Banks on Tuesday will urge the U.S. Federal Reserve to completely overhaul a draft rule hiking bank capital, in the latest leg of Wall Street's effort to water down the Basel Endgame proposal that ban

The fourth-quarter (Q4) earnings season is underway, with several blue-chip companies out with their final prints of 2023. As is almost always the case, there have been some market overreactions to th

Today's market is the epitome of opportunity for those who know where to look. Considering that most market analysts suggest the stock market is overvalued today, by measures such as the Buffett indic

The credit cycle, as well as the business cycle in the United States economy, is getting underway for a major pivot coming into 2024. Whether you are a long-term investor or enjoy dabbling in and out

We are off to a good enough start in the Q4 earnings season, though it may be hard to reach that conclusion from the seemingly 'noisy' big bank results.

Wells Fargo's Q4 GAAP earnings fell short of expectations due to an expense related to an FDIC special assessment. The bank's core underlying performance remains strong, and its non-GAAP earnings exce

Wells Fargo benefited from a strong economic environment and higher interest rates in 2023. Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank's quarterly earnings call

A slew of bank earnings from the largest financial institutions in the world were released this morning, providing insight into their Q4 and 2023 performance.

Wells Fargo CFO Mike Santomassimo discusses the bank's net interest income, expense reduction plans and the macroeconomic environment. Wells Fargo's fourth-quarter costs came in higher than expected,