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Bank Earnings Show Consumers Are Still in Good Shape
Barrons.com72d agoneutral
Bank Earnings Show Consumers Are Still in Good Shape

Mike Santomassimo, the bank’s CFO, attributed the positive credit trends to the U.S. economy and consumers remaining resilient even in the face of stickier-than-expected inflation. Santomassimo attributed that sturdiness to a relatively stable jobs environment. “We are not seeing cracks,” Santomassimo said on a call with reporters.

Wells Fargo & Company Q2 Earnings Call Highlights
MarketBeat72d agoneutral
Wells Fargo & Company Q2 Earnings Call Highlights

Wells Fargo & Company (NYSE:WFC) reported stronger second-quarter 2026 results, with executives pointing to broad-based revenue growth, disciplined expenses, improved credit performance and balance sheet growth following the removal of the company’s asset cap last year. Chief Executive Officer

Wells Fargo profit jumps as fee income, credit quality beat estimates
Proactive72d agobullish
Wells Fargo profit jumps as fee income, credit quality beat estimates

Wells Fargo & Co (NYSE:WFC, XETRA:NWT) reported second-quarter profit that topped Wall Street expectations on Tuesday, as strong fee income and improved credit performance offset pressure on the bank's net interest margin. The bank posted earnings of $2 per share, well above analysts'...

Buoyant Stock Market Boosts Wealth Units at Major Banks
Barrons.com72d agoneutral
Buoyant Stock Market Boosts Wealth Units at Major Banks

Wealth management units at the nation’s largest banks reported rising client assets for the second quarter, thanks to a combination of market appreciation and asset-gathering. More money in client investment accounts is a boon for the fees that the wealth units generate on assets under management. Citigroup reported client investment assets rose 14% year over year to $727 billion.

Big Banks See Clear Skies in Credit Card Land
The Wall Street Journal72d agoneutral
Big Banks See Clear Skies in Credit Card Land

Big banks’ credit card data looks as good as ever. Delinquency rates for credit cards at JPMorgan Chase, Bank of America, Citigroup and Wells Fargo were largely down compared with a year ago, while spending volume was broadly up.

Goldman Sachs and Wells Fargo Cut Fiserv (FISV) Price Targets
Insider Monkey72d agoneutral
Goldman Sachs and Wells Fargo Cut Fiserv (FISV) Price Targets

Fiserv, Inc. (NASDAQ:FISV) is one of the 10 Most Promising Fintech Stocks to Buy Now. On July 9, Goldman Sachs analyst Will Nance reduced the firm’s price target on Fiserv, Inc. (NASDAQ:FISV) from $70 to $60 and maintained a Neutral rating on the stock. The analyst noted that the payments sector appears to be in […]

Big Banks Smash Records With Another Strong Quarter
The Wall Street Journal72d agoneutral
Big Banks Smash Records With Another Strong Quarter

Big banks so far are reporting better-than-expected results for the second quarter: Citigroup: Profit rose 45%, with revenue up 14%. Goldman Sachs: Profit jumped 78%, and revenue surged 39%. JPMorgan: Profit soared 41%, with revenue up 28% (results were boosted by a big one-time gain on its Visa stake).

Investing.com72d agobullish
Wells Fargo climbs premarket after strong Q2 earnings beat

Investing.com -- Shares in Wells Fargo climbed 1.5% in premarket trading Tuesday after the bank reported second-quarter earnings that comfortably beat analyst expectations, with strength across all of its operating segments.

How Bank Stocks Are Moving Premarket
The Wall Street Journal72d agoneutral
How Bank Stocks Are Moving Premarket

JPMorgan stock wavered between narrow gains and losses in premarket trade after its results showed second-quarter profit shot up 41%, helped by a one-off gain from its investment in Visa. Wells Fargo shares ticked higher before the bell after its results showed profit increased 17% from a year earlier.

Wells Fargo CEO: Consumers and Businesses Remain Strong
The Wall Street Journal72d agoneutral
Wells Fargo CEO: Consumers and Businesses Remain Strong

Wells Fargo CEO Charlie Scharf sounded an optimistic note about the economy after his bank reported a 17% profit jump in the second quarter. Here’s what he had to say: “Consumers and businesses remain very strong.