Wells Fargo’s stock gains as third-quarter earnings top estimates by a wide margin
Wells Fargo & Co.’s stock jumped 3.9% Friday, after the bank swept past earnings estimates for the third quarter, buoyed ...
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JPMorgan, Citi and Wells earnings to unleash borrowing blitz by banks
Big U.S. banks kick off second-quarter earnings on Friday, with investors bracing for a subsequent wave of borrowing in the ...
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S&P 500, Nasdaq close at highest in 15 months after inflation data takes some pressure off Fed
U.S. stocks rose on Wednesday with the S&P 500 and Nasdaq Composite closing at their highest levels in 15 months, ...
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Jefferies projects ‘muted’ Q2 for investment banking but sees ‘green shoots’ in M&A
Jefferies analysts on Friday projected a continuation of “muted” trends in investment banking, although some encouraging signs are emerging in ...
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Wells Fargo settles shareholder lawsuit for $1 billion: report
Wells Fargo & Co. has agreed to pay $1 billion to settle a shareholders lawsuit related to its 2016 fake-accounts ...
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These banks have high exposure to loans secured by office properties — here’s how their stocks have performed
Investors are right to be worried about declining values for office buildings. We appear to be at the start of ...
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: Megabanks are cutting jobs in 2023 following a year in which they had to ‘grab any human being they could’
Combined headcount at the six largest U .S. banks fell fractionally in the first quarter in a reversal of recent ...
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‘Fed-is-going-to-stop-soon’ trade peters out in stocks, bonds amid prospect of at least one more rate hike
A combination of hawkish remarks by a pair of Federal Reserve officials, solid bank earnings reports, and a rebounding consumer-sentiment ...
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