Wells Fargo Hires New Head of Cards
Banks are kicking off the fourth-quarter 2024 earnings season with a bang, with JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and Citigroup (NYSE: C) all hovering near 52-week highs.
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance. Read why I upgrade WFC stock from sell to hold.
Zelle is a major embarrassment to the big bank community. If you don’t know, it’s an app used to send money to a person or institution at no charge. The lawsuit argues that Zelle has cost Americans $870 million in lost money due to theft. But the banks are adamant when they say that number is overblown.
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.
In a report released yesterday, Mike Mayo from Wells Fargo maintained a Buy rating on JPMorgan Chase & Co. (JPM – Research Report). The
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year.
JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup are scheduled to report fourth-quarter earnings Wednesday.
JPMorgan Chase, Morgan Stanley, Bank of America, Citigroup, Wells Fargo and Goldman Sachs are among the other major lenders who recently exited the coalition
The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.