Wells Fargo & Co. (WFC)
Wells Fargo profit falls on deposit costs
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 down more than 5% lower in premarket trading.
What You Need To Know Ahead Of Big Bank Earnings This Week
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.
What Analyst Projections for Key Metrics Reveal About Wells Fargo (WFC) Q2 Earnings
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 quarter ended June 2024.
Wells Fargo Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Wells Fargo & Company WFC is scheduled to release its financial results for the second quarter, before the opening bell on Friday, July 12.
Pre Q2 Earnings: How Should You Play Wells Fargo (WFC)?
Wells Fargo & Company WFC is slated to report second-quarter 2024 results on Jul 12, before the market opens.
5 Things To Consider Ahead Of Wells Fargo's Q2 2024 Earnings
Wells Fargo, which outperformed its peers, will report quarterly results on Friday before markets open. Wells Fargo stock traded in a narrow range between $57.00-$61.00, struggling to break above $60 despite strong stock grades. Last quarter (in Q1/2024), results met Wall Street estimates with strong earnings, lower credit losses, and net loan charge-offs.
Wells Fargo: Shareholder Distributions And Regulatory Relief Could Drive Further Upside
I see Wells Fargo's strong commercial momentum to continue and project that future upside is underpinned by strategic investments in growth areas, improved efficiency, and a competitive deposit franchise, amongst others. The bank's robust capital position and attractive valuation support the argument for shareholder rewards, likely in excess of a 10% yield this year. I expect that a potential lifting of regulatory restrictions in 2024 could unlock a strong catalyst for share price upside, as investors reprice WFC's growth outlook.
This Financials Stock Beat the S&P 500 in the First Half of 2024. Is It Still a Buy?
Wells Fargo beat the S&P 500's total return by about nine percentage points in the first half of 2024. There are still some big catalysts that could drive growth and returns in the coming years.
5 S&P 500 Banks That Outperformed the Index in the First Half
Investors remain bullish on bank stocks in the first half of 2024, driven by rate cut expectations, decent lending and modest economic growth. So, banks - Citigroup (C), Wells Fargo (WFC), JPMorgan (JPM), Bank of America (BAC) and BNY Mellon (BK) - outperform the S&P 500 index.
Wells Fargo: Manageable Near-Term Risks And Meaningful Longer-Term Potential
Wells Fargo's second quarter is likely to resemble recent quarters, with modest underperformance in lending (outside cards), healthy non-interest income, and rising credit costs. CRE credit is likely to get worse from here, but Wells Fargo is already well-reserved and this is likely to be a multiyear process. Wells Fargo continues to make progress on resolving outstanding regulatory and compliance issues, and the removal of the asset cap should unlock significant growth opportunities.
Wells Fargo (WFC) Stock Declines While Market Improves: Some Information for Investors
In the closing of the recent trading day, Wells Fargo (WFC) stood at $57.01, denoting a -0.33% change from the preceding trading day.
Wells Fargo is ‘an absolute winner' in stock gains after stress tests: analyst
The U.S. Federal Reserve's stress test of U.S. banks is scheduled for release on Wednesday, and analysts at Jefferies are flagging a gain in bank stock prices in the past three years on the day after the results were released.
