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Stock impact report

Stock Market Wrap-Up: Wells Fargo Gets Coronavirus Relief, but Will Bank Earnings Get Crushed? [The Motley Fool]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: The Motley Fool
Wednesday was another extraordinarily positive day for the stock market, with major benchmarks once again seeing dramatic gains. Market participants seem optimistic that even with earnings season looming, the economic fallout from the coronavirus pandemic will be short-lived. TheDow Jones Industrial Average(DJINDICES:^DJI 00SNPINDEX:^GSPCNasdaq CompositeNASDAQINDEX:^IXICToday's stock marketIndexPercentage ChangePoint Change.%780.%9.8%0Data source: Yahoo! Finance.Part of the reason there's so much optimism about the prospects for the U.S. economy is that the federal government has made financial assistance available to small businesses to help them weather the coronavirus storm.Wells FargoNYSE:WFCWells gets to make more loansShares of Wells Fargo were higher by % Wednesday. The banking giant got permission from its chief regulator to make more loans to help small businesses and nonprofit organizations, and it intends to make use of the expanded lending capacity.Image source: Wells Farg Show less Read more
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