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The Latest Breaking News from Wells Fargo

1 Top Energy ETF to Invest in the AI Data Center Megatrend

As AI drives a surge in data center activity, the Alerian MLP ETF is poised to benefit from increasing demand for natural gas and energy infrastructure.

Barchart

S&P 500 and Dow Jones Industrials Post Record Highs on Rate Cut Optimism

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.55%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.59%. Stock indexes Friday settled higher, with the S&P 500 and Dow Jones Industrials posting...

Barchart

S&P 500 and Dow Jones Industrials Post Record High on Rate Cut Optimism

Barchart

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Stock Market Today: Markets Bounce Back on Rate-Cut Optimism

The latest readings on consumer sentiment and inflation helped lift the odds of the Fed easing in September.

Kiplinger

JP Morgan Chase Tops Q2 Expectations: What to Know

JP Morgan Chase released its second-quarter earnings results. Here’s what you need to know.

Kiplinger

Citigroup Reports Q2 Earnings: Buy, Sell or Hold?

Citigroup stock is down despite reporting second-quarter earnings results that topped analysts’ expectations. Here’s what you need to know.

Kiplinger

Mixed Profits At US Banks Amid Weaker Signs From Low-income Customers

JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.

International Business Times

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Wells Fargo Stock Falls Despite Q2 Beat: Buy, Sell or Hold?

Wells Fargo stock is down despite reporting better-than-expected second-quarter earnings results. Here’s what you need to know.

Kiplinger

Stocks Tick Higher After U.S. PPI Data and Big Bank Earnings

September S&P 500 E-Mini futures (ESU24) are trending up +0.12% this morning, stabilizing after yesterday’s tech-led selloff, with investors looking ahead to crucial U.S. producer inflation data and earnings reports from some of the biggest U.S. banks.

Barchart

This Cheap Warren Buffett Stock Pays a Fat Dividend, But Should You Invest?

Warren Buffett's Berkshire Hathaway added Citigroup shares in 2022. Is this banking stock a buy for its cheap valuations and high dividend yield?

Barchart

Stocks Finish Higher on Balanced Comments from Fed Chair Powell

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.07%. Stock indexes settled mixed on Tuesday, with the S&P 500 and Nasdaq 100 posting...

Barchart

1 Semiconductor Stock to Buy Now for Its 'Compelling' Valuation

This standout semiconductor stock offers investors a prime buy-the-dip opportunity for impressive growth.

Barchart

Option Volatility And Earnings Report For July 8 - 12

Earnings season is back, with a couple of big names due to report this week including some of the major banks. This week we have JP Morgan Chase (JPM), Wells Fargo (WFC), Citigroup (C) and Delta (DAL) all set to report.

Barchart

Tesla Stock Soars on Q2 Deliveries Beat: What to Know

Tesla stock is higher Tuesday after the EV maker delivered more vehicles than expected in the second quarter. Here's what you need to know.

Kiplinger

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Fortune

A Wells Fargo analyst ordered the same Chipotle burrito bowl 75 times and found the portion problem is real

The smallest bowl weighed barely more than a can of soda—the largest weighed almost double that.

Fortune

How the DEI backlash is hurting Black businesses

Corporate investments in Black-owned businesses have waned amid legal challenges to DEI programs.

International Business Times

Mouse Shakers, Power Naps: Corporate America Fights 'Keyboard Fraud'

A US banking giant fired more than a dozen employees for "simulating keyboard activity," highlighting a battle within productivity-obsessed corporate America to tame a culture of faking work with gizmos such as mouse jigglers.

Barchart

Comparing Short and Long-Term Covered Calls on Wells Fargo Stock

Income investors tend to gravitate towards covered calls, and blue-chip high yielding stocks are a great place to start. Wells Fargo (WFC) has been a strong performer in the last three years and is up 37.49% in that time.

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The Independent UK

Wells Fargo fires employees for faking keyboard strokes

A number of larger firms have been using tools to monitor employees after expansion of remote work in pandemic

Tom’s Guide

Wells Fargo fires over a dozen employees for faking mouse movements

Multiple employees were fired by Wells Fargo for utilizing mouse jigglers to fake that they were at work.

TechRadar

Banking giant Wells Fargo fires employees over fake mouse and keyboard jiggling to claim they were working

Wells Fargo keeps hybrid working policy in place, but says workers failing to respect flexibility will be punished.

Fortune

Wells Fargo has fired a bunch of employees after finding out they were pretending to work

Around a dozen staffers were reportedly faking keyboard strokes to maintain an illusion of work, and have been let go by Wells Fargo as a result.

The Guardian - UK

US bank Wells Fargo fires employees for ‘simulating’ being at their keyboards

Workers were sacked after review found they were ‘creating impression of active work’, says filing

Tom’s Hardware

Wells Fargo fires more than a dozen employees for faking work using mouse jigglers and keyboard simulation

The bank disclosed it fired the employees after finding they were giving the impression of working when they really weren't.

Barchart

How Is Wells Fargo’s Stock Performance Compared to Other Mega-Caps?

Given Wells Fargo’s recent underperformance relative to the Vanguard Mega Cap ETF, analysts are still moderately bullish on its prospects due to its diversified earnings and the potential lifting of the government-imposed asset cap.

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