Wells Fargo Hires New Head of Cards
Banks are kicking off the fourth-quarter 2024 earnings season with a bang, with JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and Citigroup (NYSE: C) all hovering near 52-week highs.
According to Gov. Gavin Newsom's office, Bank of America, Citi, JPMorgan Chase, U.S. Bank, and Wells Fargo are offering a 90-day forbearance of their mortgage payments, without reporting the payments to credit reporting agencies.
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance. Read why I upgrade WFC stock from sell to hold.
JPMorgan Chase told employees Friday that it will require most of them to return to the office five days a week, starting in March. Chase, the Bay Area’s third-largest bank based on deposits in the region, said more than half the company’s employees have already returned to their offices full time.
Zelle is a major embarrassment to the big bank community. If you don’t know, it’s an app used to send money to a person or institution at no charge. The lawsuit argues that Zelle has cost Americans $870 million in lost money due to theft. But the banks are adamant when they say that number is overblown.
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
In a report released yesterday, Mike Mayo from Wells Fargo maintained a Buy rating on JPMorgan Chase & Co. (JPM – Research Report). The
Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.
The lenders, JPMorgan Chase, U.S. Bank, Wells Fargo, Bank of America and Citi, have committed to offer impacted homeowners a number of forgiveness options
Capital flowed into debt issued by JPMorgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group Inc. after strong quarterly results from the big banks. Of the four, the most ...