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Netflix leads Wall Street higher; bank earnings disappoint

U.S. stocks rose on Tuesday, as hopes of more stimulus for China's slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo......»»

Category: topSource: reutersJan 15th, 2019

Citi Fixed Income Crashes 21%, Worst Since 2011, In Ominous Sign For Wall Street

While traditionally it is JPMorgan Chase that kicks off bank earnings season, this quarter, Citigroup is taking the spotlight with its just reported Q4 results (followed by JPMorgan and Wells Fargo & Co. on Tuesday), and.....»»

Category: blogSource: zerohedgeJan 14th, 2019

Facebook asks big U.S. banks for customer data

Facebook Inc. is asking big U.S. banks for information about the banks' customers. The Wall Street Journal reported Monday that Facebook asked some of the biggest banks in the country — including JPMorgan Chase & Co., Wells Fargo & Co., Citigrou.....»»

Category: topSource: bizjournalsAug 6th, 2018

Flattening yield curve puts pressure on banks

A lot of Wall Street number-crunchers are going to be chained to their desks tomorrow when JPMorgan Chase, Citigroup and Wells Fargo all report second-quarter earnings more or less... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 12th, 2018

More trouble for Wells Fargo as bank earnings disappoint

Bank shares tumbled and led Wall Street lower Friday as investors found something to groan about in first-quarter results from JPMorgan Chase, Citigroup and Wells Fargo......»»

Category: videoSource: reutersApr 13th, 2018

Wall Street drops as JPMorgan, Citi, Wells Fargo erase pre-market gains

The S&P 500 banks index was down 1.98 percent.....»»

Category: topSource: business-standardApr 13th, 2018

The Sniff Test: Wells Fargo spent $7.3 billion to help buy an earnings beat — was it worth it?

The $7.3 billion Wells Fargo spent on share repurchases during the fourth quarter failed to prop up its stock price, but it effectively helped the bank one-up its blue-chip rival JPMorgan Chase & Co. with an earnings beat. Was it worth it?.....»»

Category: topSource: marketwatchJan 15th, 2019

Where Wells Fargo, Bank of America ranked among Wall Street"s biggest dealmakers of 2018

When it comes to getting deals done, Goldman Sachs is in a league of its own this year. As of Dec. 20 Goldman Sachs (NYSE: GS) had advised clients on 438 mergers and acquisitions, initial public offerings, leveraged buyouts and other corporate tra.....»»

Category: topSource: bizjournalsJan 2nd, 2019

Wells Fargo fires district managers in connection with improper sales practices

Wells Fargo & Co. (NYSE: WFC) recently fired about three dozen district managers in connection with improper sales practices, according to a Wednesday report from The Wall Street Journal. Citing "people familiar with the matter," the WSJ reports the mana.....»»

Category: topSource: bizjournalsDec 6th, 2018

Wells Fargo firing around three dozen district managers: WSJ

Wells Fargo & Co is firing around three dozen district managers for oversight failures related to a sales scandal that came to light in its retail banking unit in 2016, the Wall Street Journal reported on Wednesday......»»

Category: topSource: reutersDec 5th, 2018

The Wall Street Journal: Wells Fargo firing 3 dozen district managers as part of sales-scandal cleanup

Wells Fargo is firing around three dozen district managers for oversight failures related to a sales scandal that erupted in its retail bank more than two years ago, The Wall Street Journal reported, according to people familiar with the matter......»»

Category: topSource: marketwatchDec 5th, 2018

The Wall Street Journal: Wells Fargo says there’s ‘no gender bias’ in wealth management unit as investigation ends

Wells Fargo & Co. ends its investigation into alleged gender bias in its wealth management division, people familiar with the matter said......»»

Category: topSource: marketwatchNov 9th, 2018

Regulators warn Wells Fargo over technology oversight: WSJ

Wells Fargo received a warning from the Office of the Comptroller of the Currency (OCC) in recent weeks related to its technology operations, the Wall Street Journal reported on Wednesday citing people familiar with the matter......»»

Category: topSource: reutersNov 7th, 2018

Wells Fargo reports mixed earnings results. JPMorgan and Citi beat expectations

Wells Fargo & Co. reported mixed earnings Fr.....»»

Category: topSource: latimesOct 12th, 2018

The Wall Street Journal: Top Wells Fargo retail banking exec Lisa Stevens to leave

Lisa Stevens, who leads the retail bank’s Western region, will exit from Wells Fargo later this month.....»»

Category: topSource: marketwatchOct 1st, 2018

The Wall Street Journal: Wells Fargo announces plan to cut tens of thousands of jobs

Wells Fargo on Thursday said it would reduce jobs as part of its “ongoing transformation” to address industry trends and changes in customer behavior......»»

Category: topSource: marketwatchSep 20th, 2018

Lululemon Has Growth Opportunities In Men"s, International, Wells Fargo Says In Upgrade

Lululemon athletica, inc. (NASDAQ: LULU) received a vote of confidence Monday from a Wall Street analyst.  Latest Ratings for LULU.....»»

Category: blogSource: benzingaSep 17th, 2018

The Wall Street Journal: Wells Fargo expects declines in business loans

Wells Fargo’s loan business is taking a hit from its governance issues, the bank’s CFO said......»»

Category: topSource: marketwatchSep 15th, 2018

Macquarie Downgrades Wells Fargo, Comerica, Sees Peak Bank Margins Ahead

It’s been a slow grind higher for bank investors since 2008, but one Wall Street analyst said Friday that the margin cycle for banks is finally showing signs of peaking. Latest Ratings for WFC DateFirmAct.....»»

Category: blogSource: benzingaSep 7th, 2018

The Wall Street Journal: Wells Fargo now being probed by DoJ for potential employee fraud

The Justice Department is probing whether employees committed fraud in Wells Fargo & Co.’s wholesale banking unit, following revelations that employees improperly altered customer information, people familiar with the matter said......»»

Category: topSource: marketwatchSep 6th, 2018