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Wells Fargo & Company (NYSE:WFC ) Bernstein 41st Annual Strategic Decisions Conference May 28, 2025 8:00 AM ET Corporate Participants Charlie Scharf - Chief Executive Officer Conference Call Participants Ken Usdin - Autonomous Ken Usdin Good morning, everybody. My name is Ken Usdin.
Lenders face plenty of risks, but rising longer-term interest rates can work to their advantage.
Department store chain Dillard's sued Wells Fargo on Thursday (May 22), alleging that the bank breached a co-branded credit card relationship that has since ended. Dillard's alleges that this breach cost it tens of millions of dollars, Reuters reported Thursday, citing a “heavily redacted complaint” filed in Manhattan federal court.
Some of the biggest U.S. banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday.
The discussions involve payments companies co-owned by JPMorgan Chase, other large banks.
The banking sector is facing headwinds and the big bank stock prices are stretched. While the big banks might get reserve requirement relief, that might weaken them by thinning their financial cushions. I have been selling four Globally Systemically Important Bank stocks.
WFC and PNC are making efforts to grow strategically. Read on to know which has more upside potential in 2025.
In the latest trading session, Wells Fargo (WFC) closed at $75.52, marking a -0.71% move from the previous day.
Scott Wren, Wells Fargo, and Courtney Garcia, Payne Capital Management, joins 'Closing Bell Overtime' to talk the day's market action.
Moody's downgrades rating on JPM, BAC, WFC, BK and STT after it lowered the U.S. sovereign credit ratings.