Wells Fargo is a leading financial services company that provides a wide range of banking, investment, and mortgage products and services to individuals, businesses, and institutions. With a national presence, Wells Fargo operates through a network of branches and ATMs, offering services such as personal and commercial banking, wealth management, and asset management. The company is committed to supporting its customers' financial needs while also focusing on community engagement and sustainable practices. In addition to traditional banking services, Wells Fargo is involved in various financial markets and investment banking activities, helping clients navigate complex financial landscapes. Read More
Wells Fargo today released a new study illustrating how much allowance parents are providing their children and the difficulties parents have in teaching their children about money.
Wall Street's biggest banks are rewarding shareholders with a wave of dividend hikes and buybacks totaling more than $100 billion, after clearing the Federal Reserve's 2025 stress test with capital left to spare.
Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2025 Comprehensive Capital Analysis and Review (CCAR) stress test process. The Federal Reserve Board’s (FRB) calculations resulted in an expected stress capital buffer (SCB) for the Company below the minimum, and the Company therefore expects its SCB to decrease from 3.8% to the minimum of 2.5%, which represents a percentage amount of incremental capital the Company must hold above its minimum regulatory capital requirements. The FRB has indicated that it will publish the Company’s final SCB by August 31, 2025. The FRB has a pending notice of proposed rule making that, if finalized as proposed, would result in the Company’s expected SCB being 2.6%.
Snap Inc. (NYSE: SNAP) shares are trading higher Tuesday after Wells Fargo raised its price target on the stock from $8 to $11, citing stronger-than-expected revenue growth in a stabilizing ad market.
The Supreme Court upheld the Affordable Care Act’s no-cost insurance mandate for preventive care, including HIV PrEP, a move analysts say supports broad access to Gilead’s new drug Yeztugo.
Since June 2020, the S&P 500 has delivered a total return of 99.4%. But one standout stock has more than doubled the market - over the past five years, Wells Fargo has surged 216% to $80.90 per share. Its momentum hasn’t stopped as it’s also gained 14.9% in the last six months, beating the S&P by 10.4%.
The Trade Desk Inc. (NASDAQ:TTD) stock is trading lower on Thursday. Wells Fargo analyst Alec Brondolo downgraded The Trade Desk from an Overweight rating to an Equal-Weight rating and lowered the price target from $74 to $68.
Financial services giant Wells Fargo (NYSE:WFC) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 3.4% year on year to $20.15 billion. Its non-GAAP profit of $1.28 per share was 4.7% above analysts’ consensus estimates.
Since June 2020, the S&P 500 has delivered a total return of 102%. But one standout stock has more than doubled the market - over the past five years, Wells Fargo has surged 212% to $79.01 per share. Its momentum hasn’t stopped as it’s also gained 10.1% in the last six months, beating the S&P by 9.1%.
