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The Latest Breaking News from Wells Fargo

Texting about work? Don’t risk it if you’re a CFO

The SEC is cracking down on poor record keeping by financial firms where employees use texts or other phone apps for communication about business dealings.

Fortune

Wells Fargo Under Fire After Banking Deposit Incident

Now you see your bank deposit, now you don't -- a technical glitch has banking customers fuming.

The Street

Wells Fargo Has a New Fake-Account Scandal (and a $1.8 Billion Headache)

The beleaguered financial institution faces new allegations that impact people who aren't customers of the bank this time.

The Street

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Historic Steve Jobs Check Pre-Dating Apple Up For Auction

Signed by Jobs and Wozniak, the check likely linked to production of first Apple-1 Computers

Zenger

Wells Fargo Active Cash® Card review: Flat 2% cash back on all purchases and no annual fee

Whether you’re opening your first rewards card or you’re looking to add a high-octane cash back card to your wallet, the Wells Fargo Active Cash is among the best.

Fortune

Is the US interest rate tightening cycle finally over?

Even as US Fed raised its interest rates again on Wednesday, analysts are split if there will be another hike this year.

Al Jazeera

Are These 3 Industrial Stocks Quality Buys?

With the industrial sector's global shift toward greater sustainability enhancing its prospects, could these building material stocks, James Hardie Industries (JHX), Installed Building Products, Inc. (IBP), and Tecnoglass Inc. (TGLS), be quality buys? Keep reading to find out….

StockNews.com

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Tesla Stock Sinks After Earnings Jump 20%; Elon Musk Says 'Autonomy' Will Make Sliding Margins 'Look Silly'

Tesla earnings beat views late Wednesday, while Elon Musk said self-driving will make concerns about profit margins "look silly." TSLA stock fell.

Investors Business Daily

Office real estate values are moving down so fast that banking giants like Wells Fargo are already bracing for losses

Wells Fargo CEO Charlie Scharf: "we are reserving for the weakness that we expect to play out in that market over time."

Fortune

Bank Stocks: Earnings Largely Positive, Except For This Red Flag

Bank stocks have gained on largely positive earnings results. But firms are bracing for hits from commercial real estate and other losses.

Investors Business Daily

Wells Fargo, BofA Make Morningstar List of Top Bank Stocks

The KBW Nasdaq Bank stock Index has dropped 18% so far this year, and some stocks are undervalued, Morningstar says.

The Street

Stocks Mixed, Retail Sales, Bank of America, Lockheed Martin, AT&T

Stock futures mixed as earnings season ramps up; Retail sales on deck as job market likely supports spending; Bank of America earnings on deck as U.S. Lenders outpace forecasts; Lockheed Martin earnings in focus following F-35 payments report and AT&T shares rise from 30-year low amid lead cable risks.

The Street

Cybertruck Smokescreen? Analysts Ring Warning Bells On Tesla Margins

Tesla announced the first Cybertruck was produced at its Austin plant. Meanwhile, analysts worry about Q2 margins.

Investors Business Daily

Stock Market Today: Dow Outperforms After Blowout UnitedHealth Earnings

The major market indexes failed to make big moves despite a solid start to second-quarter earnings season.

Kiplinger

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Fortune

Jamie Dimon leads big banks’ earnings triumph: The economy remains ‘resilient,' but a ‘soft landing’ isn’t guaranteed

Despite stubborn inflation and rising interest rates that pose "salient risks," Jamie Dimon says he's hoping for the best.

Barchart

Stocks Mixed After Positive Q2 Bank Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.11%. Stocks today are mixed this afternoon. Earlier this morning...

Investors Business Daily

Stock Market Struggles To Start Earnings Season; Health Stock Lifts The Dow

The stock market couldn't make it a five-day winning streak. Trade Desk stock is set for a new home on the Nasdaq 100 on Monday.

Investors Business Daily

S&P 500, Nasdaq Hit Fresh 52-Week Highs As Inflation Fears Ebb; Salesforce, Delta, JPMorgan In Focus: Weekly Review

The S&P 500 and Nasdaq led a strong market rally this week as inflation fears wane. Salesforce, Delta Air Lines, JPMorgan were key newsmakers

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Investors Business Daily

Dow Jones Rally Led By Surging UnitedHealth Stock; Microsoft Jumps On Upgrade

The Dow Jones Industrial Average held a decent gain near midday Friday, helped by strong gains for UnitedHealth Group and Microsoft.

Barchart

Earnings Season: The Thrill of Victory, the Agony of Defeat!

Earnings season officially kicks off today! Bank stocks are on deck to report Q2 numbers and markets are nervous. With all the financial turmoil over the past few months, a lot of questions are about to be answered pertaining to the health and stability of our banking system.

Investors Business Daily

Q2 Earnings Race Underway; JPM Stock, WFC Turn Mixed

JPM stock, WFC surged early Friday after JPMorgan, Wells Fargo beat Q2 earnings expectations. Shares trade in buy zones, Citi to report.

The Street

Stocks Lower, JPMorgan, Bank Earnings, AT&T, OpenAI Probe, SpaceX

Stocks edge lower with bank earnings in focus; JPMorgan bumps higher as investors eye financial sector outlook; AT&T shares slump after JPMorgan downgrade, price target cut; FTC opens probe into Microsoft-backed OpenAI and SpaceX nears $150 billion valuation after share sale.

Investors Business Daily

Dow Jones Futures Rise On Big Earnings; Nasdaq 100 Rebalance Due

Dow Jones futures rose as JPMorgan led upbeat earnings Friday. Nasdaq 100 special rebalance news is on tap. The market is running, but watch for this.

Investors Business Daily

Dow Jones Pares Gains As Big Banks Earnings Loom; Tesla In Talks For India Factory

Dow Jones pared gains at noon after a second set of data for the week showed cooling inflation, raising hopes of a second rate pause this year.

Barchart

Two Undervalued Warren Buffett Stocks to Buy in July 2023

Warren Buffett is among the best value investors of all time and looks at a “margin of safety” when buying companies. Here are the two Buffett stocks that look relatively undervalued in July 2023.

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