Wells Fargo, Q2
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Michael Turrin, Wells Fargo Securities equity analyst, joins 'The Exchange' to discuss CoreWeave jumping on its $6 billion AI project and how to play the name.
The bank has closed seven regulatory punishments, known as consent orders, this year and 13 since 2019. It still has one remaining consent order from 2018. Consumers and businesses have continued to repay loans, allaying concern that shifting U.S. trade policies would trigger a recession. Still, uncertainty around the economic outlook persists.
Wells Fargo & Company (NYSE:WFC) is one of the Best Large Cap Value Stocks to Invest In. Raymond James downgraded the company’s stock from “Outperform” to “Market Perform,” noting the limited upside potential.
Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR exec at the bank is coercing workers to decertify their union.
Bank leaders pose at their first earnings call since federal regulators ended the $2 trillion asset cap tied to a bank sales scandal.
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Chris McGratty, Keefe Bruyette and Woods' Head of US Bank Research, talks about Wall Street traders like JPMorgan Chase & Co. and Citigroup setting records in spite of market volatility, as well as private credit becoming an "increasingly formidable" competitor with banks.
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with commercial bankers for a 10% increase in new assets.
Wells Fargo is ending its partnership with Bilt ahead of schedule, as profits failed to materialize from the companies’ strategy of enabling cardholders to earn rewards when they pay their rent with the Bilt card, according to a recent report.