Wells Fargo & Company (WFC)
Wells Fargo & Company (WFC) is Attracting Investor Attention: Here is What You Should Know
Wells Fargo (WFC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Wells Fargo must face lawsuit over sham job interviews
A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire.
Is Wells Fargo (WFC) Worth a Bet Post Q2 Earnings Beat?
Wells Fargo's (WFC) strength in fee-based income and capital adequacy seems favorable. However, the existing asset cap is a concern.
Wells Fargo: The Easy Money Has Been Made
Wells Fargo beat earnings predictions for Q2, but missed on net interest income. The lender's non-interest income was driven by strong investment banking activity, however. Balance sheet quality did not materially deteriorate. Commercial real estate exposure is a key area worth watching going forward.
Net Interest Income Down 9% In Q2, What To Expect From Wells Fargo Stock?
Wells Fargo's stock (NYSE: WFC) has lost 17% YTD, as compared to the 18% rise in the S&P500 index over the same period. In sharp contrast, Wells Fargo's peer, Bank of America (NYSE: BAC), is up 25% YTD.
Wells Fargo: Q2 Earnings Suggest NII Drops Are Bottoming (Rating Upgrade)
Wells Fargo's Q2 earnings showed a slight top-line and bottom-line beat, with an unchanged NII guidance that led to an initial market drop that recovered throughout the day. Net interest income has declined every quarter since Q4 22, but with Q2 drop rates decreasing and probabilities of rate cuts increasing, it suggests that this may be the bottom. Despite several risks and WFC being the underperformer among major banks over the past year, I have changed my rating from 'hold' to 'buy'
Wells Fargo Shares Fall Despite Q2 Earnings Beat: 'Guidance Was Softer Than Expected — A Valid Concern'
Shares of Wells Fargo & Co WFC recovered slightly in early trading on Monday, after tanking on Friday, following the second-quarter results.
This Cheap Stock Just Gave Investors a 14% Raise. Here's Why You Should Take a Look.
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.
Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
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 doing so far into the year's second half.
This Top Bank Stock Just Went on Sale -- Here's Why It's Worth a Closer Look Right Now
Wells Fargo's recent earnings disappointed investors, but there's a lot to like from a long-term perspective.
S&P 500 Gains and Losses Today: Wells Fargo Slips on Net Interest Income Miss
After briefly hitting the pause button on the market rally on Thursday, major U.S. equities indexes roared back on Friday.
Wells Fargo & Company (WFC) Q2 2024 Earnings Call Transcript
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 Call Participants Ken Usdin - Jefferies John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Erika Najarian - UBS Matt O'Connor - Deutsche Bank Betsy Graseck - Morgan Stanley Gerard Cassidy - RBC Capital Markets Steven Chubak - Wolfe Research Operator Welcome, and thank you for joining the Wells Fargo Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that today's call is being recorded.
