All articles tagged with #wells fargo
Wells Fargo has agreed to a $56.85 million class action settlement to resolve FCRA claims that it inaccurately reported CARES Act forbearances; California mortgagors with current loans who received CARES Act forbearances may share in the net settlement, with a March 25, 2026 claim/exclusion deadline and a final approval hearing on April 17, 2026.
Six of the largest U.S. banks cut about 10,600 jobs in 2025, reducing total headcount to roughly 1.09 million—the lowest since 2021 and the biggest annual drop since 2016—with Wells Fargo leading the reductions; Goldman Sachs and Morgan Stanley added staff, while JPMorgan Chase and Bank of America relied more on attrition as executives weigh AI-driven efficiency.
Wells Fargo reported Q4 2025 EPS of $1.62 (below the $1.66 expected) and revenue of $21.29B (below $21.65B), though EPS rose 13.3% YoY as revenue grew 4.5%; management did not issue formal guidance but pointed to improvements from the Fed asset-cap removal and end of consent orders. The stock slid about 1.8% in premarket trading after the report, and analysts’ consensus remains a Moderate Buy with a roughly $99.50 target.
Wells Fargo predicts an upcoming market short squeeze and highlights specific stocks to target for trading opportunities.
The article summarizes the biggest analyst calls on Tuesday for major companies including Nvidia, Apple, Tesla, Palantir, Shake Shack, Brinker, and Wells Fargo, highlighting key investment insights and analyst opinions.
Wells Fargo highlights an emerging AI investment opportunity as the new year approaches, indicating growing interest and potential in the AI sector for investors.
Bilt is launching three new Bilt Cards with enhanced rewards on January 14, 2026, allowing existing cardholders to pre-order and seamlessly upgrade by February 6, with options to transfer balances and close old accounts, or continue using their current card until deactivation on February 7.
Wells Fargo predicts nearly 50% upside for Oracle stock, suggesting that current AI-related pessimism may be overly cautious and presenting a potential investment opportunity.
Jim Cramer recommends buying Boeing stock amid ongoing strength in bank stocks like Wells Fargo, highlighting a positive outlook for the financial sector and specific industrials.
Major US banks JPMorgan, Goldman Sachs, and Wells Fargo reported strong third-quarter earnings, surpassing expectations, with JPMorgan announcing a $1.5 trillion investment plan in critical industries for national security, focusing on supply chain, defense, energy, and technology sectors. Despite some stock fluctuations, the banks showed resilience and optimism in their financial performance and strategic initiatives.
Stocks declined due to China's new trade policies and concerns over US-China tensions, alongside third-quarter earnings reports from major US banks.
JPMorgan and Wells Fargo both beat profit and revenue expectations, leading to stock increases, but JPMorgan's earnings are more likely to please investors based on historical performance, with JPMorgan's stock generally rising after earnings reports and Wells Fargo's often falling.
Big U.S. banks JPMorgan Chase, Wells Fargo, and Citigroup are set to report their earnings tomorrow, a key event for financial markets and investors. The upcoming reports are expected to provide insights into the health of the banking sector amid ongoing economic uncertainties.
An American banker from Wells Fargo, Chenyue Mao, who was under an exit ban in China due to an alleged criminal investigation, has been allowed to leave the country following high-level discussions between the US and China, amid ongoing tensions over China's use of exit bans on Americans.