Home Depot, Wells Fargo, Vodafone fall premarket; Capital One rises
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 16th. Please refresh for updates. Home Depot (NYSE:HD) stock fell 2.4% after the largest U.S. home improvement...
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Wells Fargo&Co News & Analysis
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Wells Fargo to pay $1 billion to settle shareholder class action
The agreement has been submitted to a federal judge in Manhattan for approval, according to a document filed Monday. In June 2020, a group of shareholders, including Sweden's Handelsbanken...
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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 scandal, according to the Wall Street Journal.
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Wells Fargo Agrees to Pay Shareholders $1 Billion to Settle Class-Action Suit
Shareholders claimed the bank and its past leadership were moving slower to address regulatory issues than they acknowledged publicly.
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What will Fed do next? JPMorgan warns first rate cut may come as early as September
S&P 500 futures are trading modestly higher in pre-market Thursday trading, following a Fed-linked selloff on Wednesday. The benchmark U.S. stock market index fell 0.7% yesterday while Dow...
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: Starbucks stock price target raised to $125 from $120 at Wells Fargo
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about...
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US bank shares nosedive
New York, May 2 (IANS) US stocks fell steeply on Tuesday as investors grew fearful that the turmoil in the banking sector has not been contained, and ahead of a key policy decision from the...
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Wells Fargo Files $15B Mixed Shelf
Wells Fargo (NYSE:WFC) has filed $15,000,000,000 mixed shelf of:Debt Securities Warrants Units Purchase Contracts Guarantees...
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Wells Fargo Declares $0.30 Quarterly Dividend; 3% Yield
Wells Fargo (NYSE:WFC) declared a quarterly dividend of $0.30 per share, or $1.2 annualized.The dividend will be payable on June 1, 2023, to stockholders of record on May 5, 2023, with...
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: ‘Bank jobs are stressful’: Wells Fargo investors will vote on a proposal to formalize employees’ right to unionize
An investor group is asking the company to adopt and disclose a policy on its employees' rights related to unionization.
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The Ratings Game: Disney’s stock is the ‘best opportunity in media’ with nearly 50% upside: Wells Fargo
Disney has the opportunity to 'meaningfully improve' streaming profits, and that's one reason Wells Fargo's Steven Cahall sees its stock as attractive.
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Dow futures rise 135 pts; Bank of America earnings boost sentiment
By Peter Nurse Investing.com -- U.S. stocks are seen opening with gains Tuesday, with investors boosted by healthy earnings from Bank of America, continuing the run of U.S. big banks...
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Chinese GDP, Netflix earnings, U.K. unemployment - what's moving markets
By Peter Nurse Investing.com -- China's economic recovery appears on track following the release of stronger than expected growth data. However, investors are awaiting the release of more...
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Odeon Capital upgrades Wells Fargo&Co to Buy
An Odeon Capital analyst upgraded Wells Fargo&Co (NYSE: WFC) from Hold to Buy with a price target of $44.60. Prior to this rating, Wells Fargo&Co had 19 buy ratings, 7 hold ratings,...
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Raymond James maintains Wells Fargo&Co at Strong Buy
A Raymond James analyst maintained Wells Fargo&Co (NYSE: WFC) at Strong Buy and a price target of $48.00 from a prior price target of %currency%%price%. Prior to this rating, Wells...
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Dow Jones, Nasdaq, S&P 500 weekly preview: Tech takes the earnings stage
By Senad Karaahmetovic Despite analyst warnings that the earnings estimates remain too optimistic given macro risks, the U.S. indices continue to march higher. The S&P 500 closed 0.8% higher...
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Citi maintains Wells Fargo&Co at Buy
A Citi analyst maintained Wells Fargo&Co (NYSE: WFC) at Buy and a price target of $50.00 from a prior price target of %currency%%price%. Prior to this rating, Wells Fargo&Co had...
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Dollar edges higher; solid bank results lift Fed hike expectations
By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Monday, bouncing off last week’s one-year low after strong earnings from some of Wall Street’s...
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Top 5 things to watch in markets in the week ahead
By Noreen Burke Investing.com -- Earnings season gets underway in earnest while Federal Reserve policymakers will have a last chance to air their views ahead of next month's policy meeting....
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JPMorgan, Citi, Wells Fargo beat expectations with first-quarter earnings riding on interest rate hikes
These banks were able to brush off the crisis and set aside billions of dollars in case of loan defaults as the economic outlook darkened
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Top American Banks Exceed Earnings Expectations On Higher Interest Rates
Top American banks delivered healthy quarterly profit gains on Friday, beating analyst forecasts as the sector's biggest names emerged unscathed from the turmoil hitting smaller lenders,...
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Stock market today: Dow closes lower on rate hike jitters, but notches 4th weekly win
By Yasin Ebrahim Investing.com -- The Dow closed lower Friday, weighed down by a slide in Boeing and UnitedHealth while fresh fears of Federal Reserve rate hikes overshadowed a rally in bank...
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S&P 500 slumps as Fed rate hike fears overshadow earnings-led rally in banks
By Yasin Ebrahim Investing.com -- The S&P 500 slumped Friday, as a rally in bank stocks on strong quarterly earnings was offset by fresh fears of Federal Reserve rate hikes just as data...
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Regional US Banks to Weigh Costly Bond Sales as Depositors Exit
(Bloomberg) -- Beleaguered US regional banks are assessing whether bond sales to replace lost deposits are worth the cost, as credit investors weigh whether they’re worth the risk. The...
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U.S. stocks were rising as investors weigh bank earnings and retail sales
By Liz Moyer Investing.com -- U.S. stocks were rising after record {{erl-267||revenue by JPMorgan Chase (NYSE:JPM) kicked off the first-quarter reporting season and retail sales data was...
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Wells Fargo pops on Q1 EPS, NII beat
By Senad Karaahmetovic Wells Fargo (NYSE:WFC) shares are trading higher in pre-open Friday after the bank posted stronger-than-expected numbers for the first quarter. WFC...
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JPMorgan, Wells Fargo and BlackRock rise premarket; Boeing, Lucid fall
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, April 14th. Please refresh for updates. JPMorgan (NYSE:JPM) stock rose 5.9% after the banking giant...
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Dow futures fall 55 pts; big bank results, retail sales in focus
By Peter Nurse Investing.com -- U.S. stocks are seen opening marginally lower Friday, consolidating after the previous session’s gains as investors await earnings from a number of major...
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Big bank earnings, IEA report, Tesla prices - what's moving markets
By Peter Nurse Investing.com -- Investors will focus on the major U.S. banks at the beginning of the new quarterly earnings season, as well as the International Energy Agency's monthly...
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Dow futures tick lower, earnings in focus
By Oliver Gray Investing.com - U.S stock futures were trading lower during Thursday's evening trade, after major benchmark averages posted significant increases during regular trade as...
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Stock market today: Dow closes higher as big tech rallies; Bank earnings eyed
By Yasin Ebrahimd Investing.com -- The Dow closed higher on Thursday, as big tech led a sea of green after data showed further sings of cooling inflation and easing labor market tightness...
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S&P 500 rides tech rally higher as Treasury yields stutter on easing inflation
By Yasin Ebrahim Investing.com -- The S&P 500 jumped Thursday, as big tech climbed as Treasury yields stuttered on data showing cooling inflation and easing labor market tightness that could...
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Wells Fargo names Saul Van Beurden as CEO for consumer banking unit
(Reuters) - Wells Fargo (NYSE:WFC) has named Saul Van Beurden as the chief executive officer of its consumer and small business banking (CSBB) unit, effective May 15,...
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Wells Fargo announces Saul Van Beurden named CEO of Consumer & Small Business Banking
Wells Fargo & Company (NYSE:WFC) today announced that Mary Mack will retire from the company this summer and Saul Van Beurden, head of Technology at Wells Fargo, will succeed Mack as CEO...
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U.S. stocks rise as economic data ease rate hike worries
By Liz Moyer Investing.com -- U.S. stocks were rising after more data showed inflation is cooling, easing fears about Federal Reserve interest rate increases. At 10:10 ET (14:10 GMT) the Dow...
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Producer prices, jobless claims, Delta Air Lines report: 3 things to watch
By Liz Moyer Investing.com -- Stocks turned lower as investor optimism about the potential for a less aggressive Federal Reserve gave way to fear about a possible recession. Minutes of the...
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US Families Find Some Relief as Prices of Many Household Necessities Retreat
(Bloomberg) -- The costs of many US household necessities retreated in March from a month earlier in welcome news for families that have been strapped by an extended period of rapid...
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Barclays maintains Wells Fargo&Co at Overweight
A Barclays analyst maintained Wells Fargo&Co (NYSE: WFC) at Overweight and a price target of $54.00 from a prior price target of %currency%%price%. Prior to this rating, Wells...
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Biggest U.S. banks plan to boost reserves after supporting First Republic - report
By Senad Karaahmetovic The largest U.S. banks are pushed to boost their reserves after they participated in efforts to bolster embattled lender First Republic Bank (NYSE:FRC) in March,...
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S&P 500 To Correct 10% In 3-6 Months? Here's What Wells Fargo's Chris Harvey Says
Chris Harvey, head of the equity strategy at Wells Fargo Securities, reportedly expects the S&P 500 to see a 10% correction in the next three to six months, dragged by worsening economic...
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Dow futures tick 0.1% higher ahead of CPI and earnings
By Oliver Gray Investing.com - U.S. stock futures were trading slightly higher during Tuesday's evening deals after a mixed session among major benchmark averages as tech slipped while...
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Stock market today: Dow closes higher as cyclicals advance ahead of inflation data
By Yasin Ebrahim Investing.com -- The Dow closed higher Tuesday, driven by cyclical corners of the market including energy and financial stocks, though investor sentiment remained cautious...
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S&P 500 advances on rising energy stocks; Inflation data eyed
By Yasin Ebrahim Investing.com -- The S&P 500 climbed Tuesday, underpinned by a jump in energy stocks, though sentiment remains cautious ahead of the fresh inflation data due Wednesday that...
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U.S. stocks are muted as investors await inflation data, Fed minutes
By Liz Moyer Investing.com -- U.S. stocks are muted as investors await a report on inflation and the minutes of the Federal Reserve’s last meeting. At 9:43 ET (13:43 GMT), the Dow Jones...
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