The Latest Breaking News from Wells Fargo

Some investors may want to be cautious about investing in companies that are vulnerable to problems with the global supply chain.

Wells Fargo & Co (NYSE: WFC) shares are off their intraday low of $38.51 and are trading lower by 0.70 % to $39.64 during Tuesday's trading session. Shares of banks and financial services companies are trading lower Tuesday amid broader economic concerns as traders assess the possibility of a

Second-quarter bank earnings reports likely won’t be so hot, but then the outlook improves, Wells Fargo analysts said.

Wells Fargo has decided to maintain its Equal-Weight rating of JPMorgan Chase (NYSE:JPM) and lower its price target from $150.00 to $120.00. Shares of JPMorgan Chase are trading down 0.2% over the last 24 hours, at $112.38 per share.

After the Supreme Court overturned Roe vs. Wade, a wide swath of corporate America came out with a message for its workforce: We will pay to help you get an abortion in a place where it's still available.

Natural gas prices recently reached 13-year highs amid the Ukraine-Russia war. And Wells Fargo analysts believe the strength will continue.

Wells Fargo analyst Michael Blum initiated coverage of SunPower Corp (NASDAQ:SPWR) with an Underweight rating and a price target of $17. SPWR is a pure-play residential solar provider with over 444K customers. The analyst mentions that SPWR's largely new management team has pivoted its focus to customer service, with plans to increase offerings and…

The retail industry has been facing significant macroeconomic headwinds, including unprecedented supply chain disruptions and rising prices. Amid slowing consumer demand, Wells Fargo suggests avoiding retail stocks of Bed Bath & Beyond (BBBY), JOANN (JOAN), and Wayfair (W). These stocks are also rated Strong Sell or Sell in our proprietary…

Wells Fargo analyst Praneeth Satish initiated coverage of Generac Holdings Inc. (NYSE:GNRC) with an Overweight rating and price target of $285. Satish noted the company is well-positioned to benefit from the continued growth of the home standby (HSB) market. The analyst mentions that the company recently added clean energy solutions, including residential solar inverters…

According to Benzinga Pro, during Q1, Wells Fargo (NYSE:WFC) earned $3.80 billion, a 40.58% increase from the preceding quarter. Wells Fargo's sales decreased to $17.59 billion, a 15.65% change since Q4.

Morgan Stanley, Wells Fargo, Bank of America and Goldman Sachs will lift their quarterly dividend, while JPMorgan will hold its steady following last week's Fed stress tests.