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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.....»»
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......»»
Netflix boosts 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......»»
Super Micro Computer stock crashes 23%, drags down AI darling Nvidia after it doesn"t preannounce earnings
SMCI did not offer Wall Street "a positive preannouncement, which is being considered a negative," Wells Fargo Securities said. .....»»
Wells Fargo sees inflation taking heavy toll on small-business optimism
Persistent inflation has Wells Fargo and much of Wall Street reining in expectations for interest rate cuts this year......»»
Wells Fargo sees inflation taking heavy toll on small business optimism
Rising inflation has Wells Fargo and much of Wall Street reining in their expectations for Fed rate cuts this year......»»
Wells Fargo"s mortgage banker exodus - Wall Street"s return to office - Crypto talent war
This week's top finance stories: Inside mortgage-banker exodus at Wells, battle for crypto talent, Blackstone's back-to-office pla.....»»
Wells Fargo, Seagate upgrades among today"s top calls on Wall Street
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
The Wall Street Journal: Wells Fargo clawed back $15 million in pay from former CEO Tim Sloan
Timothy Sloan, the Wells Fargo & Co. chief executive who left last year after failing to turn around the troubled lender, lost $15 million in compensation after he exited......»»
Wells Fargo to raise minimum pay in most of its U.S. markets
Wells Fargo & Co said on Wednesday it plans to increase minimum wage to between $15 and $20 per hour for most of its U.S. markets, joining other Wall Street banks that have raised hourly pay in recent years......»»
The Wall Street Journal: Wells Fargo will settle regulatory investigation of ETFs for $35 million
Wells Fargo & Co. agreed to pay $35 million to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients......»»
Wells Fargo to overhaul reporting lines: WSJ
Wells Fargo & Co is overhauling its reporting lines, marking Chief Executive Officer Charles Scharf's first move to stamp out the structure implicated in its fake-account scandal, The Wall Street Journal reported on Tuesday......»»
Frozen Wells Fargo bonuses show peril for bankers after crisis
A new religion swept Wall Street after the 2008 crisis: Pay executives with stock, make them wait to collect it, and there will be fewer problems......»»
Frozen Wells Fargo bonuses show a peril for bankers after crisis
A new religion swept Wall Street after the 2008 crisis: Pay executives with stock, make them wait to collect it, and there will be fewer problems......»»
Frozen Wells Fargo bonuses show a peril for bankers after crisis
A new religion swept Wall Street after the 2008 crisis: Pay executives with stock, make them wait to collect it, and there will be fewer problems......»»
Wells Fargo CEO: ‘I don’t have all the answers yet’
After three months in the position, Wells Fargo's newest CEO, Charles Scharf, made his debut before Wall Street analysts Tuesday to report another disappointing quarter for the bank......»»
The Wall Street Journal: Bill Fouse, who helped launch indexing for institutional investors, dies at 91
As a Wells Fargo executive, he pioneered techniques for lowering costs and allocating assets.....»»
Wells Fargo disappoints Wall Street as legal costs mount
Wells Fargo & Co missed third-quarter profit estimates on Tuesday as mortgage income sank and the fourth-largest U.S. bank by assets braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago......»»
JPMorgan beats profit estimates on strength in bond trading, underwriting
JPMorgan Chase & Co beat Wall Street estimates for quarterly profit by a wide margin on Tuesday, underpinned by strength in bond trading and underwriting......»»