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The Latest Breaking News from Wells Fargo

Bank of America (BAC) vs. Wells Fargo (WFC) vs. JPMorgan (JPM): Which Bank Stock Has Better Momentum Behind It?

The U.S. banking industry currently faces challenges like rising deposit costs, rating downgrades, slowing loan growth, stricter lending standards, etc. Therefore, watching the momentum of major banks like JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC) could offer investment opportunities. Let’s find out which of these stocks…

StockNews.com

N.J. nurses strike gets heated

Striking nurses see health care canceled as $6.6 billon N.J. hospital chain digs in; both sides claim bad faith

Salon

China's $18 trillion economy has indigestion—and the factory of the world could export its deflation and growth problems globally

"If you get a scenario where China is really in crisis and exporting deflation, I can see where that actually filters through the United States," said an international economist at Wells Fargo.

Fortune

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'Every day is another challenge': Wells Fargo vice chair of public affairs says the bank is still on its journey to rebuilding trust

Wells Fargo is still dogged by its 2016 'fake accounts' scandal, and each day is a chance to either rebuild or lose more trust.

Fortune

Criminal gangs might be selling your identity to fraudsters. Here’s how and how to protect yourself.

They use sham bank accounts and online marketplaces to create “drop accounts” to steal from almost anyone — and some banks do little to fight the fraud. One victim: the Illinois EPA.

Chicago Sun-Times

Why Ambitious U.S. Emissions Reduction Goals Are Increasingly Out of Reach

Amid huge profits for oil majors, pressure builds on banks to cut ties.

Capital & Main

Maui Wildfires: Investors Assess Hawaii-Related Stocks, Power Provider Faces Lawsuit

Devastating Maui wildfires have placed Hawaii-related stocks on investors' radar. Hawaii Electric faces lawsuit for role in blaze.

Investors Business Daily

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Cord-Cutting To Hit 8.1% in 2023: Analyst

Loss of subs could drive M&A activity, Wells Fargo’s Steven Cahall says

Broadcasting & Cable

As Climate Crisis Worsens, Debate Heats Up Over Transition to Clean Energy and Bank ‘Greenwashing’

More banks targeted for financing fossil fuel activity, including via a ‘hidden pipeline.’

Capital & Main

Texting about work? Don’t risk it if you’re a CFO

The SEC is cracking down on poor record keeping by financial firms where employees use texts or other phone apps for communication about business dealings.

Fortune

Historic Steve Jobs Check Pre-Dating Apple Up For Auction

Signed by Jobs and Wozniak, the check likely linked to production of first Apple-1 Computers

Zenger

Wells Fargo Active Cash® Card review: Flat 2% cash back on all purchases and no annual fee

Whether you’re opening your first rewards card or you’re looking to add a high-octane cash back card to your wallet, the Wells Fargo Active Cash is among the best.

Fortune

Is the US interest rate tightening cycle finally over?

Even as US Fed raised its interest rates again on Wednesday, analysts are split if there will be another hike this year.

Al Jazeera

Are These 3 Industrial Stocks Quality Buys?

With the industrial sector's global shift toward greater sustainability enhancing its prospects, could these building material stocks, James Hardie Industries (JHX), Installed Building Products, Inc. (IBP), and Tecnoglass Inc. (TGLS), be quality buys? Keep reading to find out….

StockNews.com

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Investors Business Daily

Tesla Stock Sinks After Earnings Jump 20%; Elon Musk Says 'Autonomy' Will Make Sliding Margins 'Look Silly'

Tesla earnings beat views late Wednesday, while Elon Musk said self-driving will make concerns about profit margins "look silly." TSLA stock fell.

Fortune

Office real estate values are moving down so fast that banking giants like Wells Fargo are already bracing for losses

Wells Fargo CEO Charlie Scharf: "we are reserving for the weakness that we expect to play out in that market over time."

Investors Business Daily

Bank Stocks: Earnings Largely Positive, Except For This Red Flag

Bank stocks have gained on largely positive earnings results. But firms are bracing for hits from commercial real estate and other losses.

Investors Business Daily

Cybertruck Smokescreen? Analysts Ring Warning Bells On Tesla Margins

Tesla announced the first Cybertruck was produced at its Austin plant. Meanwhile, analysts worry about Q2 margins.

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Kiplinger

Stock Market Today: Dow Outperforms After Blowout UnitedHealth Earnings

The major market indexes failed to make big moves despite a solid start to second-quarter earnings season.

Fortune

Jamie Dimon leads big banks’ earnings triumph: The economy remains ‘resilient,' but a ‘soft landing’ isn’t guaranteed

Despite stubborn inflation and rising interest rates that pose "salient risks," Jamie Dimon says he's hoping for the best.

Barchart

Stocks Mixed After Positive Q2 Bank Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.11%. Stocks today are mixed this afternoon. Earlier this morning...

Investors Business Daily

Stock Market Struggles To Start Earnings Season; Health Stock Lifts The Dow

The stock market couldn't make it a five-day winning streak. Trade Desk stock is set for a new home on the Nasdaq 100 on Monday.

Investors Business Daily

S&P 500, Nasdaq Hit Fresh 52-Week Highs As Inflation Fears Ebb; Salesforce, Delta, JPMorgan In Focus: Weekly Review

The S&P 500 and Nasdaq led a strong market rally this week as inflation fears wane. Salesforce, Delta Air Lines, JPMorgan were key newsmakers

Investors Business Daily

Dow Jones Rally Led By Surging UnitedHealth Stock; Microsoft Jumps On Upgrade

The Dow Jones Industrial Average held a decent gain near midday Friday, helped by strong gains for UnitedHealth Group and Microsoft.

Barchart

Earnings Season: The Thrill of Victory, the Agony of Defeat!

Earnings season officially kicks off today! Bank stocks are on deck to report Q2 numbers and markets are nervous. With all the financial turmoil over the past few months, a lot of questions are about to be answered pertaining to the health and stability of our banking system.

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