Wells Fargo Profit Rises
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Michael Turrin, Wells Fargo Securities equity analyst, joins 'The Exchange' to discuss CoreWeave jumping on its $6 billion AI project and how to play the name.
Wells Fargo reported earnings of $1.60 per share on revenue of $20.8 billion for the second quarter, beating Wall Street estimates for profit of $1.41 and revenue of $20.7 billion. The bank said it benefited from a gain of $253 million,
Michael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss the company’s earnings, the change in interest rates impact on business and loan growth.
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with commercial bankers for a 10% increase in new assets.
Wells Fargo (WFC) stock dipped 2.1% in Tuesday premarket trading after the bank trimmed its 2025 net interest income guidance. Q2 earnings beat, while revenue meet the consensus estimate.
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Wells Fargo & Company (NYSE:WFC) is one of the Best Large Cap Value Stocks to Invest In. Raymond James downgraded the company’s stock from “Outperform” to “Market Perform,” noting the limited upside potential.
Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR executive at the bank is coercing workers to decertify their union.
Bank leaders pose at their first earnings call since federal regulators ended the $2 trillion asset cap tied to a bank sales scandal.
Chris McGratty, Keefe Bruyette and Woods' Head of US Bank Research, talks about Wall Street traders like JPMorgan Chase & Co. and Citigroup setting records in spite of market volatility, as well as private credit becoming an "increasingly formidable" competitor with banks.
Shares of Wells Fargo & Co. fell in early Tuesday, after the bank reported second-quarter profit and revenue that rose above expectations but missed on net interest income (NII) and cut its full-year growth outlook.