U.S. Stocks: Oil slide dents futures as bank earnings get underway [Reuters]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Reuters
U.S. Stocks: Oil slide dents futures as bank earnings get underway (Reuters) - U.S. stock index futures retreated on Wednesday as another batch of dismal first-quarter earnings reports and a slide in oil prices lent credence to forecasts for the biggest economic slump since the 1930s. Bank of America ( BAC.N ) fell 2.7% in premarket trading as it joined JPMorgan Chase & Co ( JPM.N ) and Wells Fargo & Co ( WFC.N ) in reporting a plunge in quarterly profit and setting aside billions for potential loan losses tied to the coronavirus pandemic. Goldman Sachs Group Inc ( GS.N ) also set aside nearly $1 billion to meet future loan defaults, while Citigroup Inc’s ( C.N ) loan loss reserve grew to nearly $5 billion. Their shares dropped 1.8% and 2.9%, respectively. With the outbreak crushing business activity, analysts expect earnings for S&P 500 firms to slide 12.3% in the first quarter, while the International Monetary Fund has predicted the global economy would shrink 3% in 2020,
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WFC
Earnings
- 10/15/25 - Beat
WFC
Sec Filings
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- WFC's page on the SEC website