Company
Wells Fargo & Co
NYSE:WFC
Wells Fargo & Co is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through its four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management.
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Wells Fargo shares rise on 3Q earnings beat; bank braces for potential recession
Wells Fargo also reported earnings of $1.30 per share, which topped Street expectations of $1.09, and operating losses of $2 billion
US stocks round out the week with big gains across the board
At the close, the S&P 500 had gained 1.9% at 3,863 points, while the Dow finished 2.2% ahead at 31,288 and the Nasdaq rounded out the trio with a gain of 1.8% to end the day at 11,452 points
Wells Fargo joins Wall Street rush into crypto
Wells Fargo Clearing Services will receive placement and servicing fees
Bitcoin mounts recovery following crypto crash
The digital currency was trading back above US$40,000 on Thursday morning, coming off Wednesday's low of just under US$32,000 at the peak of the selloff
Wells Fargo shares up in premarket trading after the bank names Charles Scharf as CEO
Scharf was most recently Bank of New York Mellon's chairman and CEO, and had also previously served as Visa's chief executive
LATE MOVERS: Netflix falls on Disney+ announcement; Chevron inks megadeal to acquire Anadarko
Also moving Friday were JP Morgan, Wells Fargo, Disney and UnitedHealth
Investments and investor services
Canadian markets close down, mirroring global markets
The IMF cut Canada's economic growth forecast nearly half a percentage point to 1.5% in its new World Economic Outlook
Wall Street ends down after muted JOLTS report, Trump's EU tariff tweet
Investors also cast eyes on impending earning reports from banks, including JP Morgan Chase and Wells Fargo on Friday
Investments and investor services
LATE MOVERS: Celgene rallies after advisory groups back its merger with Bristol-Myers; RH stock loses a screw
Also making moves Friday were DowDuPont and CarMax
Buds & Duds: Youngevity rallies on deal to buy Khrysos Global for US$16M in cash and stock
Also on the move are Canopy Growth, 1933 Industries, Canntab Therapeutics and iAnthus Capital
Investments and investor services
Stocks close higher on tech company rally, outlook for China stimulus
Comments from the People’s Bank of China suggesting efforts to spark economic growth helped lift equities
Small-Cap Snapshot: WD-40 Co declines as CEO warns of sales volatility
Bed Bath & Beyond rose after saying it's ahead of plan regarding its goal of moderating declines in its operating profit
Berkshire Hathaway’s 13-F filing reveals Warren Buffett added $4B stake in JPMorgan
Buffett’s company bought a new stake in JPMorgan and upped its investment in Apple
Investments and investor services
JPMorgan Chase and Citigroup beat Wall Street's 3Q earnings forecasts while Wells Fargo falls short
JPMorgan's consumer and community banking division drove profits higher in the quarter while Citi's profits were boosted by corporate tax changes
EARLY MOVERS: Starbucks shares froth up as it reveals possible lay-offs, while Michael Kors investors turn off after Versace deal
Also in the frame before the bell was Faceboom and the Instagram founders as well as Jimmy Choo Plc..
EARLY MOVERS: Wells Fargo in focus as it unveils jobs cull; while Pier 1 Imports shares take a dive
Also in the frame before the New York bell was United Natural Foods Inc and Sarepta Therapeutics Inc..
Helical higher as Numis ups to ‘buy’ after news of financing deal for new London office development
Helical unveiled a £50.4mln five-year development facility with Wells Fargo to part-finance the construction of a 90,000 square feet office development at Farringdon East
CryptoCann™ Report: Crypto investor sues AT&T for US$224mln over loss; Tidal Royalty inks deal with Illinois Cannabis Company
Tidal Royalty will provide Illinois Cannabis Company with financing in exchange for 15% of net sales royalty
RBS to pay US$4.9bn to US DoJ to settle mortgage-backed securities mis-selling claims
The penalty is the largest ever imposed on a bank for misconduct leading up to the financial crisis, according to the US Department of Justice
Daily CryptoCann™ Report: Coinbase backtracks regulatory approval claim; Cronos Group to build new greenhouse in Ontario
The exchange clarified the SEC and FINRA were not involved in the approval process for its recent acquisitions
US stocks seen mixed as traders look to big bank earnings; European shares higher
President Trump has also now begun his four day visit to the UK and has already caused ructions
Wells Fargo’s asset management subsidiary sells majority stake in the RockCreek Group
The transaction is expected to be completed by the end of August
PRE-MARKET MOVERS: Biogen shares blasting higher after positive Alzheimer’s trial results, but PriceSmart Inc takes a bath
Also in the frame before the bell was Aegean Marine Petroleum Network Inc and Wells Fargo & Co
PRE-MARKET MOVERS: Tesla boss Musk in farting unicorn image row; Wells Fargo and big banks up in pre-market
Constellation Brands and Nike were also in the telescopic spotlight of investors before the bell
Daily CryptoCann Report: Wells Fargo to ban crypto purchases on its credit cards; Aurora Cannabis acquires marijuana testing lab
JPMorgan Chase, Bank of America, Citigroup and TD Bank have also banned crypto purchases on their cards
Warren Buffett, Charlie Munger regale the masses at Berkshire Hathaway's annual meeting
Conglomerate's CEO voices approval of Apple's stock buyback plans
Wells Fargo faces US$1bln fine for alleged misconduct, New York Times Says
Penalty would be largest ever handed down by agency
FTSE 100 puts in late spurt to close comfortably higher
Shire shares propped up the rest of the Footsie leader-board despite Takeda unveiling an improved offer for the drugs maker
Investments and investor services
US benchmarks close higher as earnings season points to strong growth
US stocks advanced as traders remain bullish about the corporate earnings season
Wells Fargo & Co. 1Q profit advances 5.5%, helped by lower income tax rate
The banking giant's earning per share were US$1.12, beating estimates
Archive
FTSE 100 closes modestly higher as Syrian fears recede
After an up-and-down day, the FTSE 100 finished in positive territory after a late surge
Dow Jones up 318 points as traders come back to shares
A look at the US and Canada markets as the session progresses..
Archive
Little worry that US banking results will turn into a slasher movie on Friday the 13th
With their UK peers due to start updating the market the week after next, JP Morgan Chase, Citigroup, and Wells Fargo will all reveal first-quarter figures on Friday
Warren Buffett now has a US$28.2bn stake in Apple
With an old-school flip-phone in his pocket, you wouldn’t think Apple would be one of the investment guru’s favourite stocks, but a US$28.2bn stake would suggest otherwise
Investments and investor services
US stocks close higher, buoyed by some heavyweights but market remains cautious ahead of key CPI data
The Dow Jones closed up 0.16% or 39.18 points to 24,640.45 - for a third straight session
Wells Fargo, Qualcomm Inc, USA Truck and more – After the bell
We take a look at the movers and shakers before the bell in New York
Wall Street tanking as Dow Jones down more than 1,000 points into close
What's happening with Wall Street markets on Monday?
Wells Fargo shares tank after being rapped across the knuckles by the Fed
Strict school ma'am: putting the freeze on Wells Fargo was one of the last acts of Janet Yellen as chair of the US central bank
Wells Fargo, Qualcomm Inc, USA Truck Inc and more - AFTER HOURS
Proactive takes a look at what happened and is happening after the bell on Friday
Wells Fargo posts weaker-than-expected fourth quarter earnings despite US tax reform benefit
The NYSE-listed firm reported quarterly net income of US$6.25bn, or US$1.16 a share, up from US$5.27bn, or 96 US cents a share a year earlier, but below the consensus forecast for US$1.23
FTSE 100 ambles to another high
The Footsie set another record closing level but it was not entirely storming ahead; most of the gain was down to bid stock GKN's 25% rise
US benchmarks close higher as Dow Jones regains winning streak
US stocks closed higher and the Dow Jones was back to winning ways
Wall Street shares end at new records as tax bill progress cheers
US stocks surged to yet more new records at the open on Wall Street
Wells Fargo cleaning house in its forex dealing room
Internal bank review indicates that many companies were not charged mutually agreed fee
HP Inc boots up after lifting earnings guidance
The world's largest maker of PCs - ask your Dad what they were - raised earnings guidance
Wells Fargo shares drop in premarket as quarterly results disappoint
Wells Fargo revenues and profits were down during the quarter.
Nasdaq Composite closes on new high despite stocks easing back in the afternoon session
The Nasdaq rose 14 points on the day to close at a record closing level of 6,606.
FTSE 100 ends week on a dull note
After looking like it might regain par, the Footsie faded in the final 15 minutes of trade
Azz Inc, Wells Fargo, Tesla, Paychex Inc Equifax, Endocyte
We look at what's piquing investor interest ahead of the bell in New York
Nasdaq powers up 83 pts into close as tech stocks bounce back
US shares are heading higher at the close on Wall Street
Wells Fargo & Co shares down as it uncovers more fake accounts
About 190,000 accounts were given unnecessary fees, Wells Fargo added.
Target Corp, Mylan NV, Wells Fargo & Co and more – PRE-MARKET
We look at what's moving the dial in pre-market deals in New York
Beleaguered burrito firm Chipotle Mexican Grill making health scare headlines again
Two years ago the firm hit headlines after a string of food safety incidents battered sales. Since then it has been trying to recover...
New highs for S&P 500 and Dow Jones as VIX "fear factor" falls again
The Dow Jones was up 70 points in lunchtime trading after hitting a new high last night
Lenders find market hard to please as banking results season begins - PRE-MARKET
All three banks reporting this morning beat expectations with their numbers, yet their shares are set to pen lower in a rising market
Citigroup, JP Morgan & Chase and Wells Fargo deliver on second quarter results
US bank stocks have risen following Trump's presidential election win but are struggling to find ground
Morgan Stanley, Citigroup, Staples and bank stress tests in focus - Pre-market
A look at some of the highlights from US after hours trading
Goldman Sachs, Morgan Stanley, Caterpillar, Costco Wholesale in headlines
Here's what's moving early on as Wall Street readies to open for business
Wells Fargo hit with new class action lawsuit on claims it made improper changes to mortgages
Wells Fargo has denied claims some of its employees put through unauthorised changes to home loans held by customers in bankruptcy
Wells Fargo & Company to swing the cost-cutting axe harder
The bank's costs were high by industry standards, and the fake accounts scandal has made things worse
Citigroup and JP Morgan impress, Wells Fargo doesn't
Bumper numbers had been predicted due to a bounce in trading following Donald Trump’s election
US banks set for strong first quarter as JP Morgan, Citigroup and Wells Fargo kick off earnings season
US banks look set to achieve a robust set of first quarter results as earnings season gets underway
Wells Fargo claws back millions more in executive pay over fake accounts scandal
Wells Fargo has taken back a total of US$180mln from top executives for failing to crack down on unethical behaviour
US stocks sprint to record high finish line
US stocks, beleaguered all session, managed to close Friday at a fresh record high, led by financials as well as takeover bidder Kraft Heinz
US shares close lower as Trump rally pauses for breath, and policies
US shares ended lower on Thursday as the four major stock benchmarks snapped their longest record-setting streak since 1995 amid another pause on the Trump rally since November
US shares mark fresh record highs as banks price in earlier rate hike
US stocks marked a fresh raft of record highs on Wednesday as the Fed brought forward the prospect of rate hikes in the world’s biggest economy and bank stocks hit record highs
FTSE 100 closes higher with banks betting on March US rate hike
FTSE 100 shares closed higher on Wednesday, led by banking shares which teamed up with their Wall Street brethren to cheer on what may be a US rate hike as soon as March
US stocks gain, financials lead on deregulation, Macy’s could have a Canadian owner
Financials led the gains on the benchmark S&P 500 on Friday after US President Donald Trump signed off on two executive actions to make good his promise to reform financial regulation
US stocks end higher, Nasdaq closes at record high, banks and Netflix lead
US stocks closed higher on Friday, with the Nasdaq basking in a fresh record high, but the Dow’s attempt at the 20,000 was a non-starter
Bank of America sees fourth-quarter profits nearly double on markets upswing since the US election
The US bank said its net income rose by 46,8% to $4.34 billion in the three months ended December 31, up from $2.95 billion a year earlier.
Archive
Trending: Will the Trump rally hit a stump in 2017?
London stocks enjoyed a record high end to 2016 and Wall Street has had a rally for 6 weeks but are the signs out there that things will moderate in 2017?
US stocks rise even as drug companies face state challenge
US stocks gained on Thursday and even a score of states suing drug companies did not dent returns in the healthcare sector of the S&P 500
Wells Fargo eyeing huge potential litigation bill
It's been seven weeks since the group admitted creating up to 2mln fake accounts and firing 5,300 workers since 2011, which led to the retirement of chief executive John Stumpf.
Archive
Ur-Energy, Klondex Mines are “buy” says Rodman
Ur-Energy, Klondex Mines are “buy” says Rodman
US stocks cling to gains after Yellen says its ok to delay rate hikes
US shares clung to the thinnest gains on Friday after Fed chair Janet Yellen hinted at a delay to raising interest rates
US stocks stage comeback but end softer after utilities rally
US stocks staged a comeback late on Thursday to pare losses and close soft after over-sold utilities led the charge on the benchmark S&P 500 index