SIGN UP
LOG IN
LIVE MARKETS-Sticky inflation may have the Fed caught in a web
Main U.S. Indexes gain after stronger-than-expected CPI. Stocks and bonds are sensitive to anticipated levels of inflation and how the Fed may react. Wells Fargo's Scott Wren says the decline in inflation is likely to stall. He says inflation remains well above the Fed's target of 2%.
Reuters · 11h ago
FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets
Major banks release forecasts for global growth, inflation and other assets in 2024. HSBC, BofA Global Research, Wells Fargo Investment Institute provide forecasts for 2024. Forecasts come as major central banks across the globe have indicated interest rate cuts this year. U.S. Consumer prices are expected to rise more than expected in March.
Reuters · 12h ago
CORRECTED-BREAKINGVIEWS-Wells Fargo has worn its dunce cap long enough
Wells Fargo was prohibited from getting bigger for a series of flagrant customer abuses. John Foley says the bank has worn its dunce cap long enough. He says the $2 trillion cap on assets is costly to Wells Fargo. The bank missed out on $540 billion of deposit growth, he says.
Reuters · 15h ago
Comerica quarterly profit slumps on weaker interest income
Comerica quarterly profit slumps on weaker interest income from customers. High deposit costs have made it costly for banks to retain deposits. Comerica's interest income fell 23% to $548 million in the first quarter. High interest rate environment has hurt other U.S. Banks.
Reuters · 15h ago
UPDATE 1-Citizens' profit slips on weak interest income, expects loans to pick up H2
Citizens Financial's interest income falls 12% to $1.44 billion in the first quarter. Bank expects loan growth to pick up in the second half of the year, CEO says. Banks in the U.S. Have been bracing for a turnaround in interest income.
Reuters · 1d ago
Citizens Financial profit slips on weaker interest income
Citizens Financial's interest income tumbled 12% to $1.44 billion in the first quarter. Banks in the U.S. Have been bracing for a turnaround in gains from interest income. The bank set aside $171 million in provisions for credit losses.
Reuters · 1d ago
RPT-ANALYSIS-US regional banks seen booking more commercial property losses, loan sales
US regional banks seen booking more commercial property losses, loan sales. Banks under pressure after collapse of Silicon Valley Bank and Signature Bank. Most multifamily loans are made by regional banks. CRE holdings are significant across the U.S. Banking industry. Office loans remain the "biggest pain points" for banks.
Reuters · 1d ago
ANALYSIS-US regional banks seen booking more commercial property losses, loan sales
US regional banks seen booking more commercial property losses, loan sales. Banks expected to sell more property loans and sell more CRE loans. Office loans remain the "biggest pain points" for banks. Most multifamily loans are made by regional banks. Scrutiny of banks has increased after collapse of Silicon Valley Bank and Signature Bank.
Reuters · 1d ago
Webull offers WELLS FARGO stock information, including NYSE: WFC-PRP real-time market quotes, financial reports, professional analyst ratings, in-depth charts, corporate actions, WFC-PRP stock news, and many more online research tools to help you make informed decisions. Trade stocks for 0 commission and 0 contract fees on the web version for easy and convenient access, or download the Webull app and trade on the go.
You can practice and explore trading WFC-PRP stock methods without spending real money on the virtual paper trading platform.