NYSE - Nasdaq Real Time Price ? USD Wells Fargo & Company (WFC-PC) Follow Compare 20.22 -0.06 (-0.27%) As of 11:21 AM EDT. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Jim Cramer on Wells Fargo & Company (WFC) CEO Charlie Scharf: ‘Turns Out Scharf’s Just Real Smart’ We recently compiled a list of the Jim Cramer on Taiwan Semiconductor, Netflix, and Other Stocks. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands against the other stocks on Jim Cramer’s list. Jim Cramer, the host of Mad Money, recently expressed concern that some investors are […] Insider Monkey ? yesterday WFC Big Bank Stocks Climb. 3 Stocks to Consider Adding to Your Portfolio. Big banks should see NII start to improve as the yield curve normalizes. Motley Fool ? 4 days ago BAC WFC The one big bank that had a challenging week Investors cheered earnings from many of the biggest banks this past week, with one notable exception: Citigroup. A big reason was some confusion that took hold during the lender's quarterly call with analysts. Yahoo Finance ? 4 days ago JPM TD TDBKF Wells Fargo & Company (WFC): Among the Blue Chip Stocks With Low PE Ratios We recently compiled a list of the 7 Blue Chip Stocks with Low PE Ratios. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands against the other blue chip stocks with low PE ratios. In the current financial landscape, characterized by shifting market sentiments and evolving economic […] Insider Monkey ? 4 days ago WFC Union drive at Wells Fargo heats up as employees allege intimidation tactics Wells Fargo employees seeking to unionize say the bank fired members of their proposed bargaining unit ahead of a scheduled vote. LA Times ? 4 days ago WFC How Big Banks are using AI and what it means for workers JPMorgan Chase & Co. (JPM) CEO Jamie Dimon says while artificial intelligence (AI) is poised to boost productivity, banks need to do more to help the workers who will be displaced by the tech. Synechron Co-Founder and CEO Faisal Husain joins Seana Smith and Madison Mills on Catalysts to discuss what the company that advises nine of the 10 of the largest banks outside of China on AI is telling clients. “We believe that AI can play a big role in boosting productivity and thereby also reducing cost for a lot of financial institutions and also other enterprises. But at the same time, we're still in the very early stages of this technology. It will take time to get it to a point where, as Mr. Dimon says, it massively affects jobs. So I think it will be a gradual process.” Husain says it will take time for banks to see the full return on their investment in AI. “The technology is still evolving. It's evolving at a very fast pace. We're still trying to help our clients understand where it can be applied, how it can be applied, and people are going in different directions.” Synechron is telling clients, “Don't worry about finding the killer app for your company within your enterprise,” Husain says, telling that "productivity-focused initiatives" should initially be aimed at saving minute amounts of time in workflows first. "And use that as a way of leveraging AI within the enterprise rather than finding this nirvana, this killer app type of a solution which takes time.” To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 4 days ago MS MS-PQ BAC Wells Fargo (WFC): Top Low-Cost Stock with Strategic Investments We recently published a list of 10 Most Promising Low-Cost Stocks According to Hedge Funds. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands against other most promising low-cost stocks. Inflation Data Hints at a Lower Than 50 bps Cut The September Consumer Price Index data […] Insider Monkey ? 4 days ago WFC First of Its Kind Change Forum to Bring Together Military, Education, and Business Leaders at Georgetown University SAN FRANCISCO, October 17, 2024--Georgetown University and ZeroMils, a Veteran-owned social impact organization, will co-host the first national Military Thriving Change Forum October 23, 2024, at the Leavey Convention Center at Georgetown University. This groundbreaking event, sponsored by Wells Fargo, will bring together senior leaders from across public, private, and nonprofit sectors to create a blueprint outlining a path forward to improve military recruitment efforts. It intends to combat Business Wire ? 5 days ago WFC What's the next M&A catalyst as investment banking activity rises? Morgan Stanley (MS) capped off third quarter earnings season for major banks, topping estimates and driving dealmaking fees higher by 56% to $1.4 billion. This earnings cycle has noted a rebound in dealmaking activity from top investment banks, particularly in Morgan Stanley's bond underwriting and M&A advisory units. "The dealmaking pipeline that's been announced over the last quarter's earnings release is a great sign for all of the sectors. But in particular for banking, you have a lot of pent-up demand for deals, as we saw a dearth of transactions in 2023," PwC US banking & capital markets deals leader Dan Goerlich tells Yahoo Finance. "And as we move into 2024, a lot of the banks are undertaking initiatives to look at growth across the spectrum, but in particular in organic growth through deals." Goerlich expands upon his outlook for M&A activity and what it means for larger and regional banks, and how their priorities may differ: "You have mega banks that are looking at a wide variety of different initiatives that might be product offerings, technology, new plays in fintech, and other businesses like asset and wealth and broker dealers. And then when you get into the regionals, it's a more traditional banking environment where growth might come from bolting on a more traditional merger where you have upscale in leverage and scale, but you also have new products and offerings that might come from that tie up." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 5 days ago GS JPM MS Wells Fargo Leaves Core Advisor Pay Unchanged, But Cuts Some Small Client Payouts Wells Fargo brokerage unit is making it easier for advisors to qualify for a higher pay rate, but reducing some payouts on small accounts as part of its financial advisor compensation plan for 2025. National brokerage firms, also known as wirehouses, unveil compensation changes annually and generally try to avoid sweeping changes that may antagonize their brokerage forces. Like other brokerage firms, Wells Fargo pays advisors based on how much revenue they generate according to a grid that determines payouts. Barrons.com ? 5 days ago WFC The Future of Cars and Search Investors get their first glimpse at Tesla's robotaxi ambitions and how regulators might be looking to break up search giant Google. Motley Fool ? 5 days ago GOOG NFLX PEP Morgan Stanley is a 'standout' among banks in Q3: Strategist Morgan Stanley (MS) became the latest major bank to report third quarter earnings, joining its peers in exceeding Wall Street expectations earlier this week. The financial giant posted impressive results, with net profits surging 32% compared to the same period last year. Bloomberg Intelligence director of research Alison Williams analyzes the bank's performance on Morning Brief. Williams highlights that Morgan Stanley "executed in a very strong environment," noting a significant rebound in wealth management flows. After a relatively weak second quarter, these flows reached $64 billion in Q3, which she says "really exemplifies the health of the business." A particular bright spot for the bank was its equity trading division. While all global investment banks showed strength in this area during the quarter, Williams emphasized that Morgan Stanley was "the standout." She also discusses the bank's significant transformation under former CEO James Gorman's leadership: "Of all the banks, Morgan Stanley has been the one that had the biggest change in its model over the last decade or so, and that was really through a series of acquisitions under Gorman. Gorman did set out a series of very aggressive targets for the business that Ted Pick is now taking over and having to deliver on, but certainly in this quarter he is delivering it." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Yahoo Finance Video ? 5 days ago MS MS-PQ BAC 2 reasons why investment banking activity is up this quarter Major US banks have all reported their earnings. Morgan Stanley (MS) closed out the group, topping analysts' expectations and delivering a big boost in investment banking revenue. American Banker editor-in-chief Chana Schoenberger joins Catalysts to discuss Big Bank earnings and her major takeaways from the industry. Schoenberger's biggest takeaway from bank earnings is that "investment banking is up and trading is up." She attributes this trend to two factors: the markets being up and an increase in dealmaking. She notes that M&A (mergers and acquisitions) activity has increased this year and will continue its momentum as interest rates fall. While easing interest rates is usually bad news for banks, she notes that it's not all negative: "When deposits come, in they have to pay money. They have to pay interest to their depositors. But then they also get to keep that spread. So a low [interest] rate environment should generally mean that things pick up in the economy and that is very good for banks." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl Yahoo Finance Video ? 5 days ago JPM GS MS Investment banking surge at Morgan Stanley solidifies Wall Street revival Profits at Morgan Stanley jumped 32% as investment banking and trading results exceeded analyst expectations. Yahoo Finance ? 6 days ago JPM WFC MS Bank of America’s Wall Street Bet Pays Off Bank of America may not quite be the country’s biggest bank on Main Street, or on Wall Street. On Main Street, the bank delivered on what it had previously said was likely to be an inflection point for net interest income. The bank’s total net interest income rose to $14.1 billion in the third quarter, from $13.9 billion in the second quarter, including tax adjustments. The Wall Street Journal ? 6 days ago JPM BAC WFC Citi's performance was 'a little sluggish': Analyst on earnings Goldman Sachs (GS) was a notable standout among the Big Banks that reported third quarter earnings on Tuesday — which also included Bank of America (BAC) and Citigroup (C). Goldman Sachs saw investment banking fees rise 20%, or $1.8 billion, from this time last year To speak more on bank earnings, Market Domination welcomes CFRA Director of Equity Research Ken Leon. As financial institutions adjust to the new interest rate environment, Leon forecasts M&A underwriting transactions. He found Citi's earnings performance to be "a little sluggish." CFRA has Citi at a Buy rating with a $73 per share price target. "The intermediate of course, is a streamlined bank, one that's watching expenses. It's rid itself of consumer banks outside the US, and it has still a pretty significant institutional treasury service business," Leon tells Julie Hyman and Josh Lipton. "It wasn't good enough today, and I think part of this was the messaging from senior management that still talks about a multiyear transformation." Leon also weighs in on Bank of America's net interest income and looks ahead to what to expect from Morgan Stanley (MS) when it reports earnings Wednesday morning. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 6 days ago JPM PNC DFS Why Wells Fargo Stock (NYSE:WFC) Isn’t a Buy Near All-Time Highs Big-picture thinking is fine. However, when it comes to Wells Fargo’s (WFC) latest round of financial results, the devil is in the details, as the old saying goes. As Wells Fargo shares push toward all-time highs, I am neutral on WFC stock because Wells Fargo’s top-line and bottom-line figures are actually contracting, not expanding, and that’s a cause for concern. Wells Fargo is a banking giant in the U.S. Consequently, Wells Fargo is highly sensitive to interest rates. That’s a mixed blessing TipRanks ? 6 days ago WFC Three Big Takeaways From Bank Earnings The country’s biggest banks said American consumers appeared to be on steadier financial footing in the third quarter, with executives suggesting the economy has either reached or neared a soft landing. JPMorgan Chase Bank of America Citigroup and Wells Fargo said consumers continued to spend and borrow at a healthy clip, helped by a resilient job market and wage growth that has outpaced inflation. The banks appeared more confident than in previous quarters that the trend would hold up against still-elevated interest rates and several years of price increases. The Wall Street Journal ? 6 days ago JPM BAC WFC Is Trending Stock Wells Fargo & Company (WFC) a Buy Now? Recently, Zacks.com users have been paying close attention to Wells Fargo (WFC). This makes it worthwhile to examine what the stock has in store. Zacks ? 7 days ago WFC 'Soft landing' optimism spurs broad Wall Street rebound at big banks The biggest banks staged a broad Wall Street rebound in the third quarter, as optimism about a possible 'soft landing' and rate cuts from the Fed spurred dealmaking and trading. Yahoo Finance ? 7 days ago C GS BAC Performance Overview Trailing total returns as of 10/22/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return WFC-PC S&P 500 YTD +14.48% +22.40% 1-Year +31.77% +38.22% 3-Year -5.00% +28.32%
