NYSE - Delayed Quote USD

Wells Fargo & Company (WFC-PZ)

20.27

0.00

(0.00%)

At close: January 16 at 4:00:02 PM EST

'This is just the beginning' for bank profit growth: CFRA analyst

The financials sector is showcasing a strong earnings performance this season, as major banks Bank of America (BAC), Morgan Stanley (MS), Citigroup (C), JPMorgan Chase & Co. (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) reported a combined 19% increase in net income for 2024. CFRA Research Director of Global Fundamental Research Ken Leon joins Market Domination to offer his analysis on the banking industry’s outlook. “With a US economy growing 2.5%, there's two sides of what gets you to net interest income. One is rates, which maybe we'll say stays or goes, [and] one cut," Leon explains. He states the "volumes off of a US economy growing [at] 2.5% is very positive." Additionally, Leon examines how regulatory changes, particularly under a pro-business Trump administration, could further benefit banks. "We have new actors in important roles, not only at the [Federal Reserve] but across all the organizations, whether it's the FDIC [Federal Deposit Insurance Corporation], the Department of Justice, the FTC [Federal Trade Commission]," Leon notes. He believes this will "open up markets" and will allow the country to see a "pro-business, pro-economy" environment the nation hasn't seen in four years. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch

Yahoo Finance Video 8 hours ago

MS

MS-PQ

BAC
Wells Fargo CEO says Trump administration ‘gives us optimism’ for 2025: ‘We succeed when the country succeeds’

The Wells Fargo CEO said the incoming administration signaled a "more business-friendly approach to policies and regulations."

Fortune 6 hours ago

WFC
Bonds That Once Haunted Banks Are Now Juicing Profits

Banks are expecting a bump to their core banking income as older, lower-yielding bonds mature and can be reinvested at today’s far higher yields.

The Wall Street Journal 8 hours ago

WFC

JPM

BAC
Is Wells Fargo & Company (WFC) the Best Bank Stock to Buy in 2025?

We recently published a list of 10 Best Bank Stocks to Buy in 2025. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands against other best bank stocks to buy in 2025. 2024 was a stellar year for banking giants in the United States. According to […]

Insider Monkey 10 hours ago

WFC
Fixed-Income Investors Wrestle With Higher Yields Ahead of Inauguration

Bond investors are in for a bumpier ride than usual, as Treasury yields are expected to move sharply in the coming weeks on the heels of an unpredictable Trump administration and closely watched economic data on growth, jobs and inflation.

The Wall Street Journal 11 hours ago

BAC

WFC
Why Wells Fargo (WFC) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Wells Fargo (WFC) have what it takes? Let's find out.

Zacks 13 hours ago

WFC
Wells Fargo & Co (WFC) Q4 2024 Earnings Call Highlights: Strong Revenue Growth and Capital ...

Wells Fargo & Co (WFC) reports robust fee-based revenue growth and significant capital returns, despite facing challenges in loan demand and commercial real estate.

GuruFocus.com 23 hours ago

WFC
Wells Fargo (WFC) Q4 2024 Earnings Call Transcript

WFC earnings call for the period ending December 31, 2024.

Motley Fool yesterday

WFC
Goldman Sachs, JPMorgan Crush Views In Slew Of Bank Earnings

Big banks kick off Q4 results with Goldman Sachs, JPMorgan Chase, Wells Fargo, BlackRock, Citi reporting. Some names are basing.

Investor's Business Daily yesterday

C

BLK

WFC
Wells Fargo, Citi, Goldman, JPMorgan stocks gaining on earnings

Big Bank stocks are rising on Wednesday after releasing their fourth quarter earnings, with JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), and Goldman Sachs (GS) gaining after reporting strong quarterly results. JPMorgan has touted record full-year profits of $58 billion in 2024. Market Domination Co-Hosts Julie Hyman and Josh Lipton outline the Big Banks' earnings results and stock moves. JPMorgan CEO Jamie Dimon has commented on the "significant risks" he is seeing in the US economy, while also addressing succession speculations and stating that the "base case" for his retirement is still years away. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Yahoo Finance Video yesterday

JPM

WFC

C
Why investors seem giddy about once-troubled Wells Fargo

Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." But he said executives "don't want to get ahead of ourselves."

American Banker yesterday

WFC
JPMorgan Chase and Goldman Sachs Post Surging Profits

Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan Chase and more than doubling at Goldman Sachs.

The Wall Street Journal yesterday

GS

BK

C
How the LA wildfires may hit Big Bank earnings in 2025

Howard Capital Management CEO and CIO Vance Howard joins Wealth host Brad Smith to discuss his earnings outlook amid the Los Angeles wildfires. Howard warns that the Southern California fires could trigger bank defaults, potentially impacting earnings. "I don't think people have calculated that in yet because it just happened over the past three or four or five days," he explains. He advocates "patience" with bank stocks, noting that if defaults increase, earnings could be affected through the third and fourth quarters. With nearly 12,000 homes lost in Los Angeles, Howard predicts some homeowners may walk away from their mortgage obligations. "That's something to think about," he comments. JPMorgan Chase (JPM) touted record annual profits of $58 billion for 2024 in its latest earnings results. Looking beyond the banking sector, Howard identifies Salesforce (CRM) as a potential outperformer for 2025. Follow along Yahoo Finance's recent coverage of the Southern California forest fires and the insurance industry: Wildfire recovery must address insurance: Rep. Mike FloodSouthern California Edison parent's stock falls amid investigation, lawsuit over alleged role in LA wildfiresCalifornia fires spark insurance crisis, projected losses of $150BInsurance stocks tumble as LA blazes 'among the most costly wildfires' in California historyCalifornia homeowners insurance market tested as fires rageThe risk landscape for insurance in 2025: AXIS CEO talks coverageKey insurance advice amid Southern California wildfires To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

Yahoo Finance Video yesterday

JPM

WFC

MS
Wells Fargo Posts Mixed Fourth-Quarter Results, Eyes Net Interest Income Growth in 2025

Wells Fargo's (WFC) fourth-quarter top-line unexpectedly declined due to lower net interest income,

PREMIUM
MT Newswires yesterday

WFC
A Good Year for Wall Street Isn’t the Same Thing as a Good Year for Banking

JPMorgan Chase is forecasting a slight decline in its core net interest income, which excludes the more volatile markets unit, from about $92 billion in 2024 to roughly $90 billion in 2025. Wells Fargo said it is anticipating 1% to 3% net interest income growth—with a portion of that driven by some more mechanical factors, such as older investments maturing and being reinvested at higher rates.

The Wall Street Journal yesterday

JPM

BLK

WFC
Wells Fargo, Goldman Sachs, and Citigroup Are All Soaring. Here's Why.

The stock market was having a strong day on Wednesday, with the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) higher by 1.6% and 1.9% as of 10 a.m. ET. In fact, Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), and Citigroup (NYSE: C) were all higher by 5% or more for the day. There are two main reasons why these bank stocks are soaring.

Motley Fool yesterday

WFC

^GSPC

COMP
Big Bank earnings, Tesla, quantum stocks surge: Market Minute

Yahoo Finance host Rachelle Akuffo outlines three of this morning's trending stocks on today's Market Minute. Stocks rose after cooler-than-expected core CPI (Consumer Price Index) reported for December, while Big Bank earnings, including JPMorgan Chase's (JPM) record profits, boost the Dow Jones Industrial Average (^DJI). Tesla (TSLA) plans a three-week production pause in its Shanghai Gigafactory for the Chinese New Year. Quantum computing stocks, like Rigetti Computing (RGTI) and D-Wave Quantum (QBTS), are surging as Microsoft (MSFT) unveils its "Quantum Ready" program for businesses in 2025. Check out Yahoo Finance Executive Editor Brian Sozzi's full interview with Rigetti Computing CEO Subodh Kulkarni from this morning's episode of Opening Bid. D-Wave Quantum (QBTS) CEO Alan Baratz also sat down with Yahoo Finance this week to discuss the company's practical uses of quantum computing. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch

Yahoo Finance Video yesterday

TSLA

GS

JPM
Bank CEOs expect Trump bump to business as profits surge

NEW YORK (Reuters) -Wall Street CEOs voiced confidence on Wednesday that the incoming U.S. administration would be business-friendly and good for banks as they reported a profits surge after dealmaking and trading picked up. The market environment has already been favorable for banks, with buoyant equity markets and anticipation that President-elect Donald Trump will usher in a deregulatory and lower-tax agenda. "There has been a meaningful shift in CEO confidence, particularly following the results of the U.S. election," Goldman Sachs CEO David Solomon told analysts on an earnings call.

Reuters yesterday

WFC

JPM
Wells Fargo Stock Gains as Q4 Earnings Beat on Higher Fee Income

WFC's fourth-quarter 2024 results benefit from an increase in fee income and lower expenses. A decline in NII acts as a spoilsport.

Zacks yesterday

WFC
Big Banks shine on Q4 earnings, but risks loom ahead

Big Banks like JPMorgan (JPM), Citigroup (C), Goldman Sachs (GS), and Wells Fargo (WFC) reported strong profits in quarter four, ignited by a rebound in dealmaking and investment banking. Chris Whalen, chairman of Whalen Global Advisors, joins Morning Brief hosts Seana Smith and Brad Smith to analyze these results, highlighting JP Morgan's stability and conservative loan growth. Whalen explains, "JP Morgan's only half bank" and the "other half is the investment side," noting its good overall quarter was likely used as a credit build. He also discusses potential risks in corporate debt and real estate, noting corporate debt spreads are "as tight as they've been in years." "I think you're going to see financials, even with these good results, continue to give it back simply because people are worried about the economy," Whalen says. "Not consumers, but the commercial side: commercial real estate and particularly corporate debt." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch

Yahoo Finance Video yesterday

JPM

C

WFC

Performance Overview

Return	WFC-PZ	S&P 500
YTD	+0.85%	+0.51%
1-Year	+6.78%	+24.11%
3-Year	-5.40%	+27.33%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Wells Fargo & Company (WFC-PZ)

'This is just the beginning' for bank profit growth: CFRA analyst

Wells Fargo CEO says Trump administration ‘gives us optimism’ for 2025: ‘We succeed when the country succeeds’

Bonds That Once Haunted Banks Are Now Juicing Profits

Is Wells Fargo & Company (WFC) the Best Bank Stock to Buy in 2025?

Fixed-Income Investors Wrestle With Higher Yields Ahead of Inauguration

Why Wells Fargo (WFC) is a Great Dividend Stock Right Now

Wells Fargo & Co (WFC) Q4 2024 Earnings Call Highlights: Strong Revenue Growth and Capital ...

Wells Fargo (WFC) Q4 2024 Earnings Call Transcript

Goldman Sachs, JPMorgan Crush Views In Slew Of Bank Earnings

Wells Fargo, Citi, Goldman, JPMorgan stocks gaining on earnings

Why investors seem giddy about once-troubled Wells Fargo

JPMorgan Chase and Goldman Sachs Post Surging Profits

How the LA wildfires may hit Big Bank earnings in 2025

Wells Fargo Posts Mixed Fourth-Quarter Results, Eyes Net Interest Income Growth in 2025

A Good Year for Wall Street Isn’t the Same Thing as a Good Year for Banking

Wells Fargo, Goldman Sachs, and Citigroup Are All Soaring. Here's Why.

Big Bank earnings, Tesla, quantum stocks surge: Market Minute

Bank CEOs expect Trump bump to business as profits surge

Wells Fargo Stock Gains as Q4 Earnings Beat on Higher Fee Income

Big Banks shine on Q4 earnings, but risks loom ahead

Performance Overview