WFC
NYSE · Banking
Wells Fargo & Co
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WFC News30 articles
Small-Cap Index Notches Record Close Ahead of Key Inflation Data
The Russell 2000 closed at an all-time high, extending its 2026 lead over the S&P 500. Thursday's PPI report will test whether easing rate concerns can sustain the small-cap rally.
CoreWeave's $99B Backlog Faces Margin Test Ahead of Q2 Report
CoreWeave (NASDAQ:CRWV) edges up 1.2% ahead of Q2 earnings; revenue expected to double to $2.56B, but investors eye margin pressure and $99B backlog.
Doximity Soars 33% on AI Hopes, Analysts Split
Doximity (DOCS) surged 33% on AI revenue optimism, adding $1.2B in market value, but Wells Fargo downgraded the stock, citing unproven monetization.
DoubleVerify acquisition spread narrows as closing delayed to 2027
DoubleVerify's acquisition by Nielsen faces a delayed close to Q1 2027, trimming the spread to 2.95% and annualized returns to 4.6%, barely above T-bill yields.
Realty Income's Private Capital Pivot Pressures Acquisition Spreads
Realty Income (O) closed Friday at $62.51, with private buyers driving funding strategy amid tightening acquisition spreads. Q2 AFFO rose 3.8%, guidance mixed.
Rocket Companies Bounces Back on Servicing Deal, Record Refi Share
Rocket Companies shares recovered 3.8% to $13.72 after a $795M servicing deal, while Q2 revenue doubled and refinance share hit an all-time high.
American Airlines Slides as Fuel Costs Devour Revenue Gains
American Airlines shares dropped 2.1% to $16.24 as fuel costs absorbed nearly all Q2 revenue growth, squeezing margins and prompting a cautious outlook.
JPMorgan Faces Reimbursement Probe, Stock Holds Near Record
JPMorgan shares rise 0.6% in premarket as prosecutors review allegations of improperly rejected reimbursements exceeding $100 million; analysts keep targets unchanged.
Snowflake Stock Soars on Upgraded Price Target from Wells Fargo
Snowflake shares jumped 4.9% to $283.73 after Wells Fargo boosted its price target to $500 from $320, citing AI-driven platform spending.
Cracker Barrel Stock Steady After $77M Sale-Leaseback Deal
Cracker Barrel shares were little changed after a $77M sale-leaseback deal created a $5.7M annual rent obligation. Comparable restaurant sales dipped 2.5%.
Cleveland-Cliffs Stock Surges as Q3 Profit Outlook Hinges on Pricing Gains
Cleveland-Cliffs (CLF) shares jumped 6.8% on Friday as the company forecast Q3 adjusted EBITDA of $575 million, with nearly all growth attributed to improved pricing and cost reductions.
Dow Flat as Software Slide Offsets Goldman's Gains
The Dow ended nearly flat on Wednesday as a decline in software stocks, led by Microsoft and Salesforce, countered a boost from Goldman Sachs.
AI Hardware Stocks Surge as Software Slumps, Widening Sector Divide
US equities declined as AI hardware stocks surged on margin improvements, while software shares slumped, creating a 21-point performance gap.
Bank of America Stock Nears 52-Week High, Reducing Buyback Efficiency
Bank of America shares rose 0.6% to $61.57, approaching their 52-week high, which reduces the effectiveness of buyback programs as each dollar repurchases fewer shares.
Bank of America Shares Slip as Market Focus Shifts to Net Interest Income Outlook
Bank of America shares declined 1.39% in after-hours trading on Monday, as investor attention turns to net interest income growth and share buybacks.
McDonald's Stock Nears 52-Week Low Amid Analyst Split on Recovery
McDonald's shares fell to near a 52-week low, with analyst targets ranging from $300 to $390, reflecting uncertainty about the fast-food giant's recovery.
Bank of America Stock Holds Gains as Rate Sensitivity Takes Center Stage
Bank of America shares rose 2.7% for the week after earnings, as investors focused on rate sensitivity. NII grew 9%, but the bank's model shows a 2.2x greater downside from rate declines.
Wells Fargo Shares Recover as Market-Driven Units Fuel 76% of Revenue Surge
Wells Fargo shares recovered as market-sensitive lines contributed 76% of revenue growth. Net income jumped 17% to $6.41B, topping estimates.
Bank of America's Fee Income Surge Reduces Interest Rate Reliance
Bank of America (BAC) shares ended at $61.49 after fee income growth reduced interest rate reliance. Noninterest income drove 67.8% of Q2 revenue growth, with trading revenue at a record $7.1 billion.
Citi shares sink as weak H2 return outlook overshadows strong Q2
Citigroup shares dropped 2% after full-year RoTCE guidance signaled a weaker second half, despite a strong Q2 earnings beat.
Tesla's Q2 Delivery Beat Driven by Inventory Drawdown, Margin Focus Intensifies
Tesla delivered 480,126 vehicles in Q2, beating consensus by 18.3%, as inventory drawdown contributed 38% of the beat. Margins are now the key focus.
Earnings Quality Drives 34-Point Market Swing; Five Stocks in Focus
A 34.2-point performance gap emerged among top stocks as investors focused on earnings quality over simple beats. IBM, Goldman Sachs, and major banks are under scrutiny.
Bank Stocks Split on Guidance as Earnings Beats Fail to Unite Investors
Goldman Sachs surged 9% after a 44.9% earnings surprise, while Citigroup fell 5.3% despite a 15% beat. JPMorgan rose 2.5% on a raised outlook, but Wells Fargo slipped 2.7% with steady forecasts.
Citi Shares Slide on Slower Second-Half Return Outlook
Citigroup shares fell 4.4% on Tuesday despite a 15% profit beat, as the bank's unchanged full-year return target signals a sharp slowdown in the second half.
Nasdaq Surges on Softer CPI as Dow Stalls Under IBM's Weight
Nasdaq 100 futures rose 1.38% after a softer June CPI report, while Dow futures barely budged due to IBM's 22% plunge. JPMorgan and Wells Fargo beat earnings estimates but faced headwinds from higher costs.
Wells Fargo Q2 Beats Estimates as Corporate and Investment Banking Drive Growth
Wells Fargo (WFC) reported Q2 earnings of $2.00 per share, beating estimates. Revenue rose 9% to $22.6B, driven by corporate and investment banking.
Snap Underperforms Nasdaq as Ad Revenue Stalls; Subscriptions Fail to Offset Weakness
Snap Inc. (SNAP) ended the week at $4.68, down 3.3%, trailing the Nasdaq's 1.7% gain. Sluggish ad sales and a shrinking North American user base overshadowed subscription growth.
Bank Earnings, TSMC, and Netflix to Test Market's Profit Outlook
This week's earnings from major banks, TSMC, and Netflix will test whether profit growth can broaden beyond tech and energy without exposing credit weakness.
AT&T's Hidden $2.3B Cash Cushion Belies Modest Share Gain
AT&T's slight share gain masks a 1.9% total return on ex-dividend day. The telecom giant's $18B free cash flow target for 2026 leaves just $2.3B after dividends and buybacks.
US Earnings Season Begins with PepsiCo, Delta as Profit Forecasts Rise
PepsiCo and Delta Air Lines lead off the second-quarter earnings season Thursday and Friday, with S&P 500 profit forecasts climbing at the fastest pace in five years.