Markets Close in the Green; Mag 7 Earnings This Week [Yahoo! Finance]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance
After a woeful month-to-date following new all-time highs at the end of March, it was a welcome moment of relief. This was also based on no major economic reports out today, and those Q1 earnings reports out early were less than market-shaking. The Dow climbed +253 points, +0.67% on the session, while the S&P 500 gained +0.87% and the Nasdaq +1.11%. The small-cap Russell 2000 also was up +1.06% in regular trading. While the Dow has fallen over a thousand points over the past month, it is the index closest to rebounding back to month-earlier levels. Market participants had demonstrated composure when, early on in 2024, it became clear that the five or six interest rate cuts they had been hoping for would not be coming to pass. What they found much harder to swallow was the implication that hotter CPI levels were going to keep that first Fed rate cut at arm's length for the foreseeable future. It's a somewhat ironic turn of events. The day markets came crashing off their bullish tra
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WFC
News
- 2 Major Regional Banks to Buy on High Rates, Economic Growth [Yahoo! Finance]Yahoo! Finance
- Anticipation of delayed Fed rate cuts positive for status quo momentum trade - Wells Fargo [Seeking Alpha]Seeking Alpha
- Transcript of Trump Manhattan Trial, April 26, 2024 [The New York Times]The New York Times
- Wells Fargo & Company (NYSE: WFC) had its price target raised by analysts at JPMorgan Chase & Co. from $59.00 to $61.50. They now have a "neutral" rating on the stock.MarketBeat
- Federal Reserve keeps interest rates at current levels as inflation holds its grip [MSNBC.com]MSNBC.com
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- WFC's page on the SEC website