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Wells Fargo profit beats estimates, cut to interest income forecast weighs on shares
Wells Fargo beat second-quarter profit estimates on Tuesday but cut its 2025 guidance for net interest income, sending the shares of the lender down 1.2% in trading before the bell. The bank expects its interest income to be roughly in line with the 2024 level of $47.
Michael Turrin, Wells Fargo Securities equity analyst, joins 'The Exchange' to discuss CoreWeave jumping on its $6 billion AI ...
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with commercial bankers ...
The bank has closed seven regulatory punishments, known as consent orders, this year and 13 since 2019. It still has one ...
Wells Fargo & Company (NYSE:WFC) is one of the Best Large Cap Value Stocks to Invest In. Raymond James downgraded the company ...
Wells Fargo is ending its partnership with Bilt ahead of schedule, as profits failed to materialize from the companies’ ...
Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR executive at the bank is coercing ...
Chris McGratty, Keefe Bruyette and Woods' Head of US Bank Research, talks about Wall Street traders like JPMorgan Chase & Co.
Bank leaders pose at their first earnings call since federal regulators ended the $2 trillion asset cap tied to a bank sales ...
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