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Wells Fargo Bank is appointing Chief Operating Officer Scott Powell as its next chief risk officer. Powell will succeed Derek Flowers, who is retiring from the bank in January, it said Wednesday. The company said Powell’s successor as operating chief will be appointed “in the near future.”

Fed's latest rate hike could support WFC's NII expansion, but rising deposit costs and may limit the upside to some extent.

The Fed raised rates for the first time in three years, and bank stocks promptly sold off. What looks like a contradiction might be a warning about where the trade goes from here.

Steel Dynamics expects stronger third-quarter steel profitability, driven by record shipments and wider metal margins, while metals recycling earnings are projected to decline sequentially.

Wells Fargo’s new target flows straight through to SPY and VOO, the funds millions of investors already own.

Investors and banking industry executives have privately speculated the bank could be poised to acquire a smaller lender.

It's all systems go for the American consumer, say bank executives, including strong spending on travel and entertainment. "There is still quite strong spending across the board, and it has just not been changing really at all," said Wells Fargo CFO Mike Santomassimo at an investor conference.

Investing.com -- Wells Fargo CFO Mike Santomassimo said Tuesday that the bank’s loan growth will likely surpass its full-year 2026 guidance. He made the remarks while speaking at the Barclays Global Financial Services Conference.

TPG just bought into the exact Optum clinics that derailed UnitedHealth's profits, and management is hours away from reaffirming guidance that could either validate the deal or reopen a wound investors hoped was healing.

One enormous credit line could reshape the AI IPO race

U.S. added 162,000 jobs in August, while wage growth continued to lag inflation

Dell stock is sliding into earnings despite a setup that looks unusually bullish on paper, and the gap between those two things tells a specific story about what traders actually need to see tonight.

Investing.com -- PG&E Corp shares could face further pressure after Wells Fargo and BMO Capital Markets downgraded the utility following California lawmakers' failure to deliver meaningful reforms to the state's wildfire liability framework, leaving investors exposed to potentially open-ended costs from future fires.

Scott Bessent made a bold move on the bond market this month. Goldman Sachs just said it probably won’t be enough.

Banks large and small have started to warm up to the idea of their own stablecoins, despite early doubts from some executives that there will be much demand for them. Instead, banks banded together to launch a tokenized deposit system as an answer to the rapid changes in the world of payments. Stablecoins are digital tokens pegged to the U.S. dollar or other currencies, while tokenized deposits are just traditional money represented as digital tokens.

Marvell’s huge rally has not scared Wells Fargo away

Interest-rate strategists at Goldman Sachs Group Inc., Wells Fargo & Co. and other Wall Street firms said the US Treasury Department’s bond buybacks will do little to reverse the jump in long-term yields.

Since February 2026, Wells Fargo has been in a holding pattern, posting a small loss of 1.5% while floating around $83.87. The stock also fell short of the S&P 500’s 12.7% gain during that period.

A key measure of US housing affordability worsened for the first time in almost three years, as higher borrowing costs soaked up a bigger chunk of earnings for new homebuyers.

The US Treasury Department’s decision to boost buybacks of long-dated bonds is complicating the outlook for issuance of short-term securities, including Treasury bills, which are expected to be used to finance the plan.

The Wall Street analyst thinks JPMorgan is days away from a milestone no bank has ever reached.

Earlier this year, one of Wall Street's most closely watched research arms made a bold commodity price call, the boldest any large institution had made in years. The forecast turned heads. It implied the kind of return that usually only shows up in speculative assets. And for a few months, the ...

Wall Street has spent this year waiting for prices to calm down. The thinking was simple. The war with Iran pushed oil up in February; the shock would wear off, and the Fed would go back to cutting rates. One of the banks that sold that idea has changed its mind. Wells Fargo is not a gloomy voice ...

Homebuilder sentiment in the US barely improved this month as elevated construction and borrowing costs continued to restrain the housing market.

Investing.com -- Wells Fargo downgraded Roku to Equal Weight from Overweight on Friday, saying the streaming platform's strong second-quarter results had lifted its estimates but left limited upside to its valuation as the company moves toward its planned acquisition by Fox Corp.

Investing.com -- Fox Corp. was upgraded to Overweight from Neutral by J.P. Morgan and Wells Fargo, which also raised their price targets, citing stronger earnings prospects, robust advertising trends and the pending acquisition of Roku.

Oklahoma residents fear toxic emissions, threatening an effort to restore US industrial might.

Microsoft spent most of this year being punished for spending too much. The stock fell more than 20%. Analysts cut targets. The narrative shifted from AI winner to AI victim. Wells Fargo was part of that story. In mid-July, it trimmed its own target to $625 from $650, nervous about how much capital ...

Advanced Micro Devices Inc. is planning to raise as much $5 billion in what could be the chipmaker’s biggest-ever investment-grade bond sale, adding to a wave of debt tied to the artificial intelligence boom.

The recent weakness in artificial intelligence high-flyers has investors rotating into the less glamorous corner of the market: financial stocks.