JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
Financial stocks had among the biggest gains among the S&P 500 ‘s 11 sectors in afternoon trading Wednesday, as shares of Citigroup Inc. and Wells Fargo & Co. each jumped more than 7%, according to FactSet data,
The largest banks in the U.S. may justify further gains in stock prices if their earnings updates in the coming days include any upside surprises around loan growth or a boost from lighter regulations expected by the Trump administration.
Wells Fargo posted mixed Q4 earnings, with revenue lagging while EPS gained, highlighting revenue growth challenges.
JPMorgan's net income surged by 50% to over USD 14 billion in Q4, exceeding Wall Street forecasts. Earnings per share climbed to USD 4.81, surpassing predictions. Revenue increased to USD 43.7 billion.
JPMorgan shares jumped on the bank's final financial results of 2024, climbing 2.6% before the bell. Wells Fargo’s net income nearly doubled to $5.1 billion, surpassing Wall Street forecasts. Wells Fargo Shares rose 3.
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Wells Fargo’s Q4 results were positive, but regulatory issues linger. Find out why WFC stock is fairly valued despite potential growth from regulatory reform.
Wells Fargo analyst Donald Fandetti raised the firm’s price target on Discover (DFS) to $214 from $185 and keeps an Equal Weight rating on the
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
Wells Fargo & Co. workers who say the employee stock in their retirement plan was mishandled won a court order certifying their case as a 300,000-person class action.