Live Stocks get clobbered as Trump's China trade war intensifies. See the latest. Frankfurt - Delayed Quote • EUR Wells Fargo & Company (NWT.F) Follow Compare 58.91 +3.35 +(6.03%) At close: 1:44:04 PM GMT+2 All News Press Releases SEC Filings Why Bank Stocks JPMorgan Chase, Bank of America, and Wells Fargo Are Falling Ahead of Earnings After a rip-roaring rally yesterday, stocks resumed their sell-off today, as unrest about tariffs and U.S.-Chinese relations once again found the spotlight. Shares of JPMorgan Chase (NYSE: JPM) traded roughly 4% lower. Shares of Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) had fallen roughly 4.6% and 5.7%, respectively. JPMorgan, Wells Fargo, BlackRock To Report; Analyst Warns On Banks Morgan Stanley cuts outlook on banks, BofA expects caution from JPMorgan, Wells Fargo, BlackRock earnings due Friday. Apple, oil futures, bank stocks: Market Minute Josh Lipton goes over some of the top trending stories on this segment of Market Minute. Apple (AAPL) stock rebounds after previous losses, though shares are down over 20% over the past five days. Oil futures (CL=F) are sliding due to the escalating trade war as China announced retaliatory tariffs of 84% on US goods, effective April 10th. Bank stocks, including JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) are under pressure after JPMorgan Chase CEO Jamie Dimon warned that a US recession is likely. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Citigroup Vs Wells Fargo: Which Bank Stock is a Smarter Investment? Both C and WFC's progress with strategic initiatives to unlock growth looks encouraging. Read on to know which is a better investment option now. AMD downgraded, Dollar General upgraded: Wall Street’s top analyst calls The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Melius Research upgraded Dollar General (DG) to Buy from Hold with a $110 price target. While the company had its own “self-inflicted” challenges and competitive challenges over the last 12 months, the firm believes it likely will benefit from a worsening macro environment and a lack of tariff exposure Possible Bearish Signals With Wells Fargo Insiders Disposing Stock Many Wells Fargo & Company ( NYSE:WFC ) insiders ditched their stock over the past year, which may be of interest to... Stocks Hit by Wild Volatility on US-China Threats: Markets Wrap (Bloomberg) -- Wild swings lashed Wall Street for a fourth straight session as back-and-forth trade threats between the US and China knocked down stocks, erasing an earlier rally that was the biggest since 2022. The S&P 500 fell 1.6%, leaving it on the brink of a bear market.Most Read from BloombergThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsTrump Order on CDFI Fund Risks Aid for Small Businesses, HousingThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideIn Chicag US Stocks Tumble Again With Tariffs Set to Roil Global Economy (Bloomberg) -- Another volatile day on Wall Street pushed the S&P 500 Index back to the brink of a bear market as the Trump administration doubled down on its plans to enact hefty tariffs that threaten to send the American economy into a recession.Most Read from BloombergThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsTrump Order on CDFI Fund Risks Aid for Small Businesses, HousingThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideIn Chicago, a Former Steel Mill Looks Wells Fargo, Charles Schwab, Boeing: Market Minute Market Domination host Julie Hyman goes over the day's trending stories on this segment of Market Minute. Wells Fargo (WFC) stock pops after Piper Sandler upgraded the company to Overweight from Neutral, citing an attractive entry point. Charles Schwab (SCHW) is gaining after Morgan Stanley upgraded the company to Overweight from Equal Weight. Boeing (BA) is in focus after reporting strong first quarter delivery numbers that marked the company's best three months since the fourth quarter of 2023. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Wells Fargo Set to Report Q1 Earnings: How to Play the Stock Now? WFC's Q1 results are likely to reflect the benefits of decent loan demand. Yet, weak asset quality and rising costs are expected to have hurt. Wells Fargo & Company (WFC): Jim Cramer Calls It “Outrageously Cheap” – Is the Turnaround Real? We recently published a list of Jim Cramer’s Game Plan: 10 Stocks in Focus. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands against other stocks in Jim Cramer’s focus. On Friday, Jim Cramer, the host of Mad Money, commented on the current state of the […] Multiple banks downgraded by Morgan Stanley ahead of earnings Financial stocks, like Goldman Sachs (GS), Jefferies (JEF), and Evercore (EVR), are in focus after Morgan Stanley downgraded its outlook for several names in the sector. Yahoo Finance Banking Reporter David Hollerith sits down with Julie Hyman and Trader Talk podcast host Kenny Polcari to check in on the financial sector ahead of earnings. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. EM Stocks Erase 2025 Gain as Tariffs Fuel Worst Day in 17 Years (Bloomberg) -- Emerging-market assets slumped, erasing gains for the year as fallout from President Donald Trump’s trade policies continued to upend global markets on Monday. Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideBoston Mayor Wu Embraces Trump Resistance as Campaign Heats UpTrump Order on CDFI Fund Risks Aid for Small Businesses, Hous Big banks & financials under Trump: Expectations vs reality The outlook for US banks under the Trump administration was initially fueled by expectations of lighter regulation and increased dealmaking. However, it has since been dampened by recent market realities and recession fears. Yahoo Finance Markets and Data Editor and Stocks in Translation podcast host Jared Blikre appears on Catalysts to discuss how major big banks, including Wells Fargo (WFC) and Goldman Sachs (GS), have lost ground amid rising inflation and recession concerns. Catch more Stocks in Translation here, with new episodes every Tuesday and Thursday. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. China Stocks Suffer ‘Panic Selling’ as Tariff War Escalates (Bloomberg) -- Chinese shares plunged and sovereign yields neared an all-time low as investors braced themselves for the fall-out from a spiraling trade conflict between the world’s two largest economies.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsBoston Mayor Wu Embraces Trump Resistance as Campaign Heats UpTrump Order on CDFI Fund Risks A Bank stocks, bitcoin falls, Spirit CEO steps down: Market Minute Madison Mills takes a closer look at the top stories as part of today's Market Minute. Big bank stocks, including JPMorgan (JPM) and Wells Fargo (WFC), are moving higher after an initial fall as analysts recalibrate their outlooks to account for mounting recession fears. Bitcoin (BTC-USD) is selling off as other crypto-related names, including Robinhood (HOOD), Strategy (MSTR), and Coinbase (COIN), are mixed today. Spirit Airlines (SAVEQ) stock is in focus after CEO Ted Christie stepped down. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. JPMorgan, Wells Fargo, Bank of America and Morgan Stanely are part of Zacks Earnings Preview JPMorgan, Wells Fargo, Bank of America and Morgan Stanely are part of Zacks Earnings Preview. Wells Fargo (NYSE:WFC) Sees 14% Weekly Drop As Activist Investors Push Sustainability Proposals The announcement that Wells Fargo (NYSE:WFC) Securities, LLC will lead underwrite the company's upcoming fixed-income offering is significant as it expands its financial services presence. Meanwhile, activist investors have been vocal, with several proposals up for discussion at the annual meeting next month, focusing on sustainability and governance. Amidst this, Wells Fargo's share price fell 14% over the past week, a move that coincided with a turbulent stock market driven by trade war... A Closer Look at Bank Stocks & Tariff Worries We all know that the banking business isn't subject to tariffs. But as cyclical operators, their business is heavily exposed to trends in the broader economy, which in turn is seen as weighed down by the ongoing tariffs uncertainty. Tariffs, bank earnings, CPI & PPI, FOMC minutes: What to Watch Yahoo Finance Head of News Myles Udland breaks down the top stories to watch this weekend and next week. President Trump's baseline 10% tariffs are set to take effect Saturday, April 5, and reciprocal tariffs will take effect Wednesday, April 9. Big banks will kick off earnings season next week, with JPMorgan (JPM), Wells Fargo (WFC), and Bank of New York Mellon (BK) to release earnings on Friday, April 11. Other companies will also be releasing earnings throughout the week, including Levi Strauss (LEVI), Tilray (TLRY), and Delta (DAL). Fresh inflation data will be coming out next week, including the Consumer Price Index (CPI) on Thursday, April 10 and the Producer Price Index (PPI) on Friday, April 11. Finally, on Wednesday, April 9, the Federal Reserve will release the meeting minutes for its most recent FOMC meeting. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Performance Overview Trailing total returns as of 4/10/2025, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) Return NWT.F S&P 500 (^GSPC) YTD -12.90% -10.43% 1-Year +14.26% +2.08% 3-Year +44.18% +17.37%