Wells Fargo & Company shared on Tuesday that its board approved a new $40 billion common stock repurchase program effective upon finalizing the current one. The buyback will use the company's internal capital adequacy framework, which considers ongoing market conditions and risks.The...
Wells Fargo & Company announced on Friday that its revenue in the first quarter of fiscal 2025 stood at $20.15 billion, dropping 3% compared to the same period a year prior. Meanwhile, its net income rose by 6% in the reported period, landing at $4.9 billion, while diluted earnings per share (EPS)...
Levi Strauss & Co., Delta Air Lines, and major US banks are set to release their earnings this week, offering insight into the start of the first-quarter reporting season. This will be the first batch of earnings since the Trump administration announced the implementation of tariffs, providing a glimpse...
Wells Fargo & Co. announced on Wednesday that its revenue for the fourth quarter of 2024 remained stable year-on-year at $20.4 billion, while net income surged 47% to $5 billion. Diluted earnings per share (EPS) grew 66.3% to $1.43. Total revenue for the full year fell 9% compared to 2023,...
The upcoming week promises an action-packed Wednesday, with all eyes on JPMorgan's fourth-quarter results. The company's managed revenue in the third quarter of fiscal 2024 came in at $43.3 billion, rising 6% on an annual basis.
Investors will also be looking at BlackRock, Wells Fargo, Goldman...
Wells Fargo & Co. hired Ed Olebe as the head of its credit card business, the Wall Street Journal reported. Olebe was president of JPMorgan Chase & Co.'s credit card unit and left the bank last year after working for it for eight years.Olebe will succeed Wells Fargo executive Ray Fischer, who will...
Shortly after the stock market opened on Wednesday, shares of major banking institutions surged in response to the re-election of Donald Trump as the 47th President of the United States, marking his return to the White House following his previous tenure as the 45th President.At 9:42 am CET, Wells...
Wells Fargo & Company announced on Friday that its revenue in the third quarter of fiscal 2024 stood at $20.37 billion, dropping 2% compared to the same period a year prior. Net income slid 11% in the reported period, landing at $5.11 billion, while diluted earnings per share (EPS) came in at $1.42,...
The upcoming week will bring with it key financial insights from various sectors, starting off with PepsiCo Inc. on Tuesday and ending with Wells Fargo & Company on Friday.PepsiCo will release its Q3 earnings on Tuesday before the market opens, with analysts expecting modest revenue growth. Looking...
OpenAI said on Thursday that it secured access to a $4 billion revolving credit line with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC. The announcement follows the $6.6 billion in new funding the company revealed yesterday. "The...
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