Latest Wells Fargo & Co News
Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
NEW YORK (AP) — Big banks warned of an “uncertain” year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere. JPMorgan reported a modest 6% rise in profits...
Wells Fargo: Q1 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Wells Fargo & Co. (WFC) on Friday reported first-quarter net income of $4.62 billion. The bank, based in San Francisco, said it had earnings of $1.20 per share. Earnings, adjusted for non-recurring costs, were $1.26 per share. ...
U.S. stocks soar above global markets, giving investors solid path for growth
NEW YORK (AP) — U.S. markets are far outpacing their global counterparts in 2024, continuing a decade-long trend of strong growth compared with the rest of the world. The S&P 500 is up 10% for the year, compared to just 4% for developed markets outside the U.S. Since 2019 the...
This Week: Consumer prices, Fed meeting minutes and earnings reports from several big banks
A look at some of the key business events and economic indicators upcoming this week INFLATION BAROMETER The Labor Department releases its March report on consumer prices Wednesday. Analysts expect inflation at the consumer level rose 3.4% in March from...
It's a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits
ACCRA, Ghana (AP) — Shoppers may get a bitter surprise in their Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global cocoa supplies and the earnings of farmers in West Africa. About three-quarters of the...
Wall Street’s Magnificent 7 shrinks to a Fab 4
NEW YORK (AP) — The small group of stocks that’s been driving Wall Street to records is getting even smaller. Last year just a handful of companies were responsible for most of the U.S. stock market’s total return. It’s an exclusive enough club that they’ve come to be known...
Stock market today: Asian shares are mixed after Wall Street slips lower and bitcoin bounces higher
BANGKOK (AP) — Shares were mixed in Asia on Thursday after a lackluster day on Wall Street, where selling of technology stocks pulled benchmarks lower. U.S. futures were flat and oil prices fell. Tokyo's Nikkei 225 index fell 0.7% to 38,953.49 after data showed...
US eases restrictions on Wells Fargo after years of strict oversight following scandal
NEW YORK (AP) — The Biden administration eased some of the restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals. The news sent Wells Fargo's stock up sharply Thursday as investors speculated that the bank,...
How major US stock indexes fared Thursday, 2/15/2024
Stocks returned to record heights following some mixed reports on the economy. The S&P 500 rose 0.6% Thursday, surpassing the all-time high it set last week. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite added 0.3%. Treasury yields eased in...
Bucking industry trends, Chase to open 500 new locations largely in cities where rivals dominate
NEW YORK (AP) — JPMorgan Chase plans to open at least 500 new branches in the next three years, the bank said Tuesday. It will reverse a decade-long industry trend where banks like JPMorgan and Bank of America have closed branches as fewer Americans need to cash a paycheck or pull money out of an...
