Wall Street slides on gloomy economic data, bank earnings [Reuters]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Reuters
Wall St. tumbles on gloomy economic data, bank earnings (Reuters) - Wall Street’s main indexes slid 2% on Wednesday, as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the Great Depression. U.S. retail sales plunged 8.7% in March, setting up consumer spending for its worst decline in decades, while a separate survey showed manufacturing activity in New York state plunged in April to its lowest in the series’ history. Bank of America ( BAC.N ), Goldman Sachs Group Inc ( GS.N ) and Citigroup Inc ( C.N ) fell between 2.2% and 4.6% as they joined JPMorgan Chase & Co ( JPM.N ) and Wells Fargo & Co ( WFC.N ) in setting aside billions to cover potential loan losses tied to the coronavirus pandemic. The banking subsector .SPXBK declined 5.2%, falling for the third straight day. “Investors need a strong stomach to stick with stocks through some bad earnings reports in the coming days, weeks and months,
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WFC
News
- DraftKings (DKNG) Stock Trades Down, Here Is Why [Yahoo! Finance]Yahoo! Finance
- Cracks begin to appear at the biggest U.S. banks [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Wells Fargo & Company (NYSE:WFC) had its price target lowered by analysts at TD Cowen from $102.00 to $100.00. They now have a "hold" rating on the stock.MarketBeat
- Wells Fargo & Company (NYSE:WFC) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $100.00 price target on the stock.MarketBeat
- Wells Fargo & Company (NYSE:WFC) had its price target lowered by analysts at Evercore ISI from $110.00 to $105.00. They now have an "outperform" rating on the stock.MarketBeat
WFC
Earnings
- 1/14/26 - Miss
WFC
Sec Filings
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- WFC's page on the SEC website