Wells Fargo & Company (WFC)
Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
Zacks.com users have recently been watching Wells Fargo (WFC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
JPMorgan, BofA & Others Face CFPB's Probe Over Zelle Fraud
The CFPB probes major banks like JPMorgan (JPM), BofA (BAC) and Well Fargo (WFC) over their handling of customer funds on the peer-to-peer payments platform Zelle.
U.S. Bank Stocks Fell Amid Concern of Economic Slowdown
Shares of Citigroup (C), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS) and other U.S. banks tumbled after a weak July jobs report.
Wells Fargo (WFC) Faces Anti-Money Laundering, Sanctions Probe
Wells Fargo (WFC) discloses that it is under investigation for anti-money laundering and sanctions programs in its second-quarter SEC filing.
Wells Fargo (WFC) Rides on Cost Control Amid Lower Loan Growth
Wells Fargo's (WFC) cost-saving initiatives, along with its rising deposit balance, are expected to support its financials. However, a subdued loan balance is likely to impede the top-line growth.
Wells Fargo (WFC) Faces Lawsuit Over Employees High Drug Costs
Wells Fargo (WFC) faces a lawsuit that claims it violated a federal law requiring firms to manage employee health and retirement programs properly.
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'
