Wells Fargo CEO Charlie Scharf told CNBC’s Jim Cramer that the U.S. consumer remains extremely resilient. Scharf noted that consumer spending is rising steadily, deposit balances remain strong, and ...
Wells Fargo CEO Charlie Scharf gave CNBC's Jim Cramer a positive read on the consumer landscape. "The consumer's been extremely resilient," he said. "We don't sit here and say risks don't exist — But ...
“What you see is just more of the significant revaluation because of supply and demand," Wells Fargo CEO Charlie Scharf said. Wells Fargo CEO Charlie Scharf provided a sobering assessment of the ...
Both banks reported an uptick in home lending from the second to third quarters, but executives expressed caution due to ...
The repricing of sweep deposits dented otherwise positive results for Wells' wealth unit last quarter. Revenue was up 0.5% quarterly and 4.8% year on year, to $3.88 billion, spurred by 2.1% quarterly ...
Phillip raised its recommendation on Wells Fargo & Company (WFC) to Accumulate from Neutral, and increased the price target ...
Wells Fargo CEO Charlie Scharf said the Federal Reserve's recent 50 basis point interest-rate-cut has not driven many of its clients to borrow. On a call with analysts to discuss third-quarter ...
Wells Fargo's profit beat analysts' expectations in the third quarter, helped by resilience in wealth management and lower ...
The megabank's scale hasn't made it immune from the deposit wars that have crimped bank profits. But the "stabilization" that ...
Wells Fargo's third-quarter net income dropped 11.3% year over year to $5.11 billion, with a 2% decline in revenue to $20.37 ...
Goldman Sachs, Bank of America and Citigroup are on deck to report earnings this morning. They follow JPMorgan Chase and Wells Fargo, which both reported stronger-than-expected earnings last week.