WFC Stock Recent News

JPMorgan Chase (JPM) will lead big bank earnings alongside Wells Fargo (WFC) and Morgan Stanley (MS). Caroline Woods notes CEO Jamie Dimon has given commentary recently suggesting downside in economic activity.

Wells Fargo & Company WFC will release its first-quarter financial results before the opening bell on Friday, April 11.

The health of the banking sector looks moderately sound, apart from some pain points. If the economy can manage the occasional tariff-driven threat, we should see smooth sailing in bank ETFs.

I expect strong Q1 earnings from Wells Fargo, but I'm less upbeat for the remainder of the year. Investment banking activity is likely to slow down significantly in 2025, and credit risk could mount as well. Wells Fargo is making progress with regulators, and the share buyback is soaking up huge amounts of stock. These factors help drive a longer-term bullish view.

As bank-earnings season begins Friday with JPMorgan, investors care more about the outlook than prior results.

Both C and WFC's progress with strategic initiatives to unlock growth looks encouraging. Read on to know which is a better investment option now.

Bankers are uncertain about Trump's endgame on tariffs and uneasy about the impact on the global economy and their own businesses.

Wells Fargo derived 58% of its 2024 revenues from net interest income, higher than large peers but lower than most regional banks. The bank's provisioning is already quite conservative going into Q1 2025 earnings, but lower net interest income should weigh on profits. Even so, I expect Wells Fargo to maintain robust coverage of preferred share dividends.

As U.S. banks begin reporting their quarterly earnings on Friday, investors will watch to see whether fears about tariffs are hampering clients' borrowing appetites and ability to repay loans.

JPMorgan Chase (JPM), Wells Fargo (WFC) and Morgan Stanley (MS) kick off big bank earnings on Friday. Bob Lang says the group has ways to go after falling below the 200-Day SMA.