The Latest Breaking News from Wells Fargo

A whale with a lot of money to spend has taken a noticeably bearish stance on Phillips 66. Looking at options history for Phillips 66 (NYSE:PSX) we detected 14 strange trades.

Wolff: "To be honest, it's funny, but I'm not here to win a golf tournament, I'm here to have a good time."

Analyst views remain mixed post Skyworks Solutions, Inc's (NASDAQ: SWKS) 

"No one owns the game of golf. Golf is for everybody."

Wells Fargo is reiterating its Overweight rating after Kezar Life Sciences Inc's (NASDAQ:KZR) zeto (KZR-616) Phase 2 trial in dermatomyositis/polymyositis failed to top placebo on the trial's primary endpoint of mean total improvement score (TIS). The analysts had viewed the program as a free call option for shares at these levels and argued that there…

Penumbra Inc (NYSE:PEN) reported Q1 sales that beat Street expectations, driven by Vascular upside, and reiterated its 2022 revenue guidance.  Wells Fargo lowered the price target to $265 from 321, which is equivalent to a 52.2% upside.  At 9.5x (down from 12x as peer group valuation has been compressed) with a 2023 sales estimate of…

Shares of several companies in the broader financial services sector, including Wells Fargo & Co (NYSE: WFC), are trading higher amid overall market strength after the Federal Reserve announced it would raise the key interest rate by 50 basis points.

Simpson's commute is 20 minutes this year compared to the normal two.

Airbnb Inc (NASDAQ: ABNB) shares traded higher by 4.9% on Wednesday after the company reported big first-quarter earnings growth and said it expects a sharp rebound in summer travel in 2022 as pandemic headwinds abate.