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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.....»»

Category: blogSource: zerohedgeJan 14th, 2019

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

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......»»

Category: topSource: reutersJan 15th, 2019

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. .....»»

Category: worldSource: nyt1 hr. 17 min. ago

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......»»

Category: topSource: bizjournalsApr 11th, 2024

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......»»

Category: topSource: bizjournalsApr 10th, 2024

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.....»»

Category: personnelSource: nytMay 15th, 2021

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.....»»

Category: blogSource: theflyonthewallFeb 18th, 2021

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......»»

Category: topSource: marketwatchMar 16th, 2020

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......»»

Category: topSource: reutersMar 4th, 2020

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......»»

Category: topSource: marketwatchFeb 27th, 2020

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......»»

Category: topSource: reutersFeb 11th, 2020

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......»»

Category: topSource: moneycentralFeb 6th, 2020

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......»»

Category: topSource: moneycentralFeb 6th, 2020

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......»»

Category: topSource: moneycentralFeb 6th, 2020

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......»»

Category: topSource: washpostJan 14th, 2020

New Wells Fargo CEO brings Wall Street swagger to storied bank

Ch.....»»

Category: topSource: reutersJan 13th, 2020

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.....»»

Category: topSource: marketwatchOct 31st, 2019

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......»»

Category: topSource: reutersOct 15th, 2019

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......»»

Category: topSource: reutersOct 15th, 2019