11 10, 2024

Wells Fargo Climbs 5% on Solid Q3 Earnings, Lower Interest Rates: Is it Time to Buy WFC?

By |2024-10-11T15:48:01+00:00October 11th, 2024|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , , , , |

Wells Fargo (WFC) disclosed its third-quarter earnings results this morning and shares are up more than 5% so far today. The company easily surpassed Wall Street expectations for the bottom line, although revenue fell just short of the consensus estimate: Adjusted earnings per share:  $1.52 compared to the $1.28 consensus. Revenue: $20.37 billion compared [...]

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12 01, 2024

Wells Fargo is Falling After Provisioning Higher Loan Losses, But the Stock is Still a Buy: 3 Reasons Why

By |2024-01-12T17:22:39+00:00January 12th, 2024|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , |

Wells Fargo (WFC) reported 4th quarter results this Friday morning that sent the share price slightly lower, as there is concern regarding a big jump in credit loss provisions.  The California-based bank bolstered its reserves by 34%, specifically increasing the allowances for credit losses in credit card and commercial real estate loans. This was [...]

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