WFC
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Wells Fargo & Co
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WFC News30 articles
Plug Power Rises on Russell Index Shift and Asset Sale Deadline
Plug Power shares climbed 4.63% on Tuesday as the Russell index reshuffle placed the stock in growth indexes and the June 30 deadline for a $142 million asset sale arrived.
Rocket Lab Surges $8 Billion on Iridium Deal, Cash Flow Boost
Rocket Lab shares surged 15.9% in premarket trading, adding $8.1 billion in market cap after announcing the acquisition of Iridium Communications for $8 billion.
Crypto-Backed Lending Revival: Wall Street Banks Lead as Bitcoin Nears $60K
Crypto-collateralized lending surged 49% year-over-year to $67 billion in Q1 2026, with Wall Street banks replacing failed crypto lenders. Bitcoin hovered near $59,400.
Rocket Lab Acquires Iridium in $8 Billion Cash-and-Stock Deal
Rocket Lab (RKLB) to acquire Iridium (IRDM) for $8 billion in cash and stock, gaining a profitable satellite network and spectrum. Iridium shareholders to receive $54 per share.
Amazon Stock Edges Higher as AWS Price Hike Offsets Prime Day Order Decline
Amazon (AMZN) shares rose 0.9% premarket after a 2.5% surge on Friday, as a 20% AWS AI price hike starting July offsets a 10.6% decline in average Prime Day orders. Q2 earnings due July 30.
Bank of America Stock Nears Peak as Fed Stress Test Shifts Focus to Corporate Loans
Bank of America (BAC) edged lower Friday despite a 52-week high, as the Fed's stress test underscores corporate loan exposure. Investors await a July dividend decision.
Bank of America Nears Record High Ahead of Fed Stress Test Results
Bank of America shares ended the holiday-shortened week near record highs, as the market anticipates the Fed's annual stress test results on Wednesday.
Dow Breaks 52,000 as Rotation Out of Tech Lifts Financials; Fed Decision in Focus
The Dow Jones Industrial Average closed above 52,000 for the first time, while the Nasdaq slid on tech weakness as investors rotated into financials and industrials ahead of the Fed's rate decision.
Dow Hits Record 52,000 as Rotation From Tech Fuels Rally
The Dow Jones Industrial Average surged to a record close above 52,000 on Tuesday, as investors shifted from technology stocks into financial and industrial names ahead of the Federal Reserve's policy decision.
Dow Jones Hits New Peak; Tech Dips as Fed Meeting Looms
The Dow Jones Industrial Average hit a new record high, while the S&P 500 and Nasdaq slipped as technology stocks lost steam ahead of the Federal Reserve's pivotal policy decision.
Bank of America Shares Rise on Upgraded Q2 Trading Revenue Forecast
Bank of America shares edged higher after management indicated Q2 markets revenue may surpass the 15% growth forecast, fueled by equities trading strength. A DOJ subpoena on debanking also emerged.
BAC Wavers as Jobs Data Boosts Yields; DeMare Conference in Focus
Bank of America (BAC) ended Friday at $53.83, caught between a stronger-than-expected jobs report boosting yields and anticipation for Co-President Jim DeMare's Tuesday conference update.
Bank of America Faces Fresh Test After Friday's Rebound
Bank of America shares ended the week down 0.4% at $51.60 despite a Friday bounce. CEO Moynihan sees Q2 trading revenue up 15% and NII at top of 6-8% range. Jobs report key for rates.
JPMorgan Eyes Potential $20B Acquisition as Excess Capital Grows
JPMorgan Chase CEO Jamie Dimon hints at a $10B-$20B acquisition in the coming years, with $40B-$50B in excess capital. Shares fell nearly 3% after the bank raised its 2026 expense target.
Bank of America Ends Quiet Week Ahead of Inflation Data and CEO Speech
Bank of America (BAC) finished Friday at $51.80, rising 0.6%, and gained 4.1% for the week. Markets are closed Monday for Memorial Day, with trading resuming Tuesday.
Bank of America rises as financial stocks gain momentum
Bank of America (BAC) shares rose 1% to $51.19 Wednesday as financial stocks rallied and bond yields eased. The bank reported Q1 revenue of $30.3 billion and net income of $8.6 billion.
JPMorgan's $31.4B Credit Loss Reserve Highlights Earnings Beat
JPMorgan Chase posted a 13% rise in Q1 net income to $16.5B, with a $31.4B credit-loss allowance. Shares closed at $312.47, valuing the bank at $864.8B.
Fitch Upgrades Citigroup Outlook as Fraser Prepares for Key Investor Day
Fitch Ratings revised Citigroup's outlook to positive, citing progress in CEO Jane Fraser's restructuring. Q1 net income hit $5.8B on $24.6B revenue, with shares closing at $127.44.
Indian Markets Edge Higher Amid Oil Price Surge and Geopolitical Risks
Indian equities opened higher on Wednesday, with Sensex and Nifty gaining over 0.5% each, even as Brent crude climbed to $111.97 on supply worries.
Stocks Rally on Diplomatic Hopes, Soft Inflation; S&P 500 Nears Record
Major U.S. equity indices advanced sharply Tuesday, with the S&P 500 closing within 0.2% of its January record. The rally was fueled by falling crude prices amid potential diplomatic talks with Iran and cooler-than-expected wholesale inflation data.
Stocks Climb as Oil Retreats, Inflation Data Eases Rate Fears
U.S. equities advanced Tuesday, with the Dow Jones Industrial Average rising approximately 290 points, bolstered by a sharp decline in oil prices and wholesale inflation data that was cooler than anticipated.
Wall Street Rallies on Diplomatic Hopes, Strong Bank Earnings
U.S. stocks advanced sharply Tuesday, with major indexes climbing as hopes for renewed U.S.-Iran talks and a solid start to earnings season lifted market spirits. The Dow gained over 290 points.
Citigroup Q1 Earnings Surge on Strong Trading and Investment Banking
Citigroup reported a 42% surge in first-quarter profit to $5.8 billion, with revenue climbing 14% to $24.6 billion, marking its strongest quarterly performance in ten years.
Wells Fargo Q1 Earnings Top Estimates, Revenue Shortfall Weighs on Stock
Wells Fargo's first-quarter net income rose 7% to $5.25 billion, exceeding analyst expectations. However, revenue and key lending metrics fell short of forecasts, pressuring the stock in premarket trading.
JPMorgan Q1 Profits Soar 13% on Trading Boom, Dimon Flags Economic Risks
JPMorgan Chase kicked off bank earnings with a 13% surge in first-quarter profit, driven by a record performance from its trading desks. CEO Jamie Dimon highlighted an 'increasingly complex' risk environment.
Geopolitics, Bank Earnings, and Inflation Data Set the Tone for Markets
Markets enter the week focused on geopolitical developments in the Middle East, a key slate of bank earnings, and fresh inflation data. The S&P 500 has nearly recouped losses from February's market shock.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
Silver Retreats as Rate Cut Hopes Dim and Middle East Tensions Stoke Inflation
Silver declined 0.9% as major banks pushed back Fed rate cut projections. Escalating Middle East tensions threaten higher oil prices, potentially keeping inflation elevated and central banks on hold.
Dow Gains on Ceasefire Hopes, But Oil and Fed Fears Linger
The Dow Jones Industrial Average advanced 0.18% to 46,587.48 by midday Monday, buoyed by optimism over potential Iran ceasefire negotiations. However, caution prevailed as oil prices remained elevated and expectations for Federal Reserve easing diminished.
Wells Fargo Digital Banking Hit by Widespread Service Disruption
Wells Fargo faced a significant digital banking outage on Monday, with thousands of customers reporting login failures and missing account data, as the bank worked to restore services.