Wells Fargo & Company (WFC) is slated to report second-quarter 2024 results on Jul 12, before the market opens. WFC has an impressive earnings surprise history. The company’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with an earnings surprise of 11.42%, on average.Image Source: Zacks Investment ResearchThis time, decent loan demand, higher rates, and modest mortgage banking performance are expected to aid the top line. In contrast, weakness in the company’s invest ...

文章核心观点 - 2024年上半年标普500指数上涨14.5%,创历史新高 [1][2] - 上涨主要受益于利率前景明朗、经济增长强劲以及通胀持续降温 [2] - 金融服务板块涨幅近9%,其中银行股表现尤为出色 [2][3] 银行业表现 利率预期利好 - 联储预计今年9月开始降息,有利于银行净息差 [5][8] - 经济增长放缓但仍保持韧性,有利于银行贷款需求 [6][7][8] 银行业绩亮眼 - 花旗集团(C)通过精简业务架构和退出部分消费者业务提升效率 [11][12][13][14] - 富国银行(WFC)通过成本控制和优化贷款组合提升经营 [15][16][17][18] - 摩根大通(JPM)通过扩张网点和数字化转型提升竞争力 [19][20][21][22][23][24] - 美国银行(BAC)通过数字化和网点扩张提升客户服务 [25][26][27][28][29] - 纽约梅隆银行(BK)受益于利率上升和国际业务拓展 [30][31][32][33][35][36] 行业展望 - 银行股有望在利率下降和经济增长的支撑下保持良好表现 [10] - 但商业地产贷款风险仍是行业关注焦点 [9]

wdstock Current operating conditions are still not exactly easy for Wells Fargo (NYSE:WFC), even excluding the self-inflicted headwinds of past management mistakes. An asset-sensitive bank, higher-for longer rates haven’t been all that bad for this bank. Wells Fargo’s strong core deposit franchise has allowed it to maintain a better-than- average deposit beta that has helped offset some weak lending performances that have, at least in part, been driven by the compromises needed to comply with the ongoing as ...

JHVEPhoto/iStock Editorial via Getty Images Introduction As mentioned in some of my previous articles, I’m trying to add some duration to my fixed income portfolio. Preferred shares are an important part of my income-focused portfolio, but I am keeping close tabs on the financial performance of the issuers on a quarterly basis, just to make sure I can take action if/when there’s a need to fine-tune my positions. My objective is to review these investments on a quarterly basis, which is even more important f ...

Wells Fargo & Company (WFC) is losing up to $10 million every month as a result of its co-branded credit card partnership with fintech firm Bilt Technologies, according to a WSJ article. After misestimating key revenue generators, the bank is renegotiating the agreement with Bilt Technologies. Launched in 2022, Well Fargo's co-branded credit card came with an attractive feature. Cardholders can use it to pay rent without having to pay landlord fees while also earning rewards points that can be spent on trav ...

In the latest trading session, Wells Fargo (WFC) closed at $59.05, marking a +1.39% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.25% for the day. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.03%. The biggest U.S. mortgage lender's shares have seen a decrease of 4.05% over the last month, not keeping up with the Finance sector's loss of 2.3% and the S&P 500's gain of 3.34%. The upcoming earnings release of Wells Fargo wil ...

Wells Fargo reportedly handed more than a dozen employees pink slips last month after an investigation found they were faking work. Bloomberg first reported Thursday that, according to the bank's disclosures to the Financial Industry Regulatory Authority, the workers — all from the firm's wealth and investment management unit — were "discharged after review of allegations involving simulation of keyboard activity creating impression of active work." A spokesperson told Reuters in a statement "Wells Fargo ho ...

Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of allegations involving simulation of keyboard activity creating impression of active work,” Bloomberg News reported Thursday (June 13), citing a filing with the Financial Industry Regulatory Authority. PYMNTS has contacted Wells Fargo for comment but has not yet gotten a reply. A company spokesperson told Bloombe ...

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Wells Fargo last month terminated over a dozen employees after reviewing allegations that they were involved in pretending to work by using simulating keyboard activity, Bloomberg News reported Thursday. The fired staffers worked in the bank’s wealth and investment management unit, according to the report, which cited the bank’s disclosures filed with the Financial Industry Regulatory Authority. “Wells Fargo holds employees to the highest standards and does not tolerate unethical behavior,” a spokesperson t ...