Shares of Wells Fargo & Co WFC recovered slightly in early trading on Monday, after tanking on Friday, following the second-quarter results.
Wells Fargo beat on the top and bottom lines in the second quarter, but its net interest income was a disappointment. Most of the headwinds affecting Wells Fargo's business are temporary in nature.
The second quarter of the 2024 earnings season has just kicked off, and the financial sector is again under the spotlight. Bank stocks are leading the pack in letting markets know how the economy is d
Wells Fargo's recent earnings disappointed investors, but there's a lot to like from a long-term perspective.
We see the Q2 results from the major banks as good enough - not great, but definitely not bad either. The stocks' outperformance entering this reporting cycle contributed to the market's tentative ini
After briefly hitting the pause button on the market rally on Thursday, major U.S. equities indexes roared back on Friday.

What We Learned From Big Bank Earnings Friday

06:20pm, Friday, 12'th Jul 2024
Earnings at two of the three large U.S. banks that traditionally launch the financial sector's quarterly earnings season exceeded investors' expectations Friday. But their income statements revealed t
David Konrad, KBW managing director, joins 'Power Lunch' to discuss his takeaways from big bank earnings.
Wells Fargo CFO Mike Santomassimo breaks down the bank's second-quarter earnings report on "Bloomberg The Close." Expenses for the quarter climbed 2% to $13.3 billion, according to a statement Frida
Wells Fargo & Company (NYSE:WFC ) Q2 2024 Earnings Conference Call July 12, 2024 10:00 AM ET Company Participants John Campbell - Director of IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference
Banks today are caught between an ongoing digital shift and a challenging macro environment.
Sandy Pomeroy, senior portfolio manager at Neuberger Berman, joins 'Money Movers' to discuss Wells Fargos second-quarter earnings report and more.

Wells Fargo CFO on Q2 earnings

12:54pm, Friday, 12'th Jul 2024
Michael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss the company's latest earnings results.
Shares of Bank of New York Mellon Corp. ran up into record territory Friday, after the trust bank reported a second-quarter earnings beat and approved a 12% boost to its dividend.

Why Wells Fargo Stock Is Falling Today

12:26pm, Friday, 12'th Jul 2024
Wells Fargo beat top- and bottom-line estimates in the second quarter. But the bank sees no net interest income recovery in the near future.
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