News Update 7/15/22

Here you go... as of 12 noon PDT...

CNBC

Wells Fargo profit falls as the bank sets aside funds for bad loans, company’s shares drop

https://www.cnbc.com/2022/07/15/wells-fargo-wfc-2q-2022-earnings.html

Barron's

Another Rough Earnings Report for Banks: Wells Fargo Profit Fell 48%

https://www.barrons.com/articles/wells-fargo-stock-price-earnings-51657832020?tesla=y

Reuters

Wells Fargo profit slumps on higher loan loss reserves, mortgage weakness

https://www.reuters.com/business/finance/wells-fargo-profit-falls-rising-loan-loss-reserves-2022-07-15/

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4 replies (most recent on top)

3 years ago the stock was much higher than now. Charles sucks

CNBC:
Stocks making the biggest moves midday: Citigroup, Wells Fargo, Pinterest and more. Shares of Wells Fargo surged 6.2% after the bank reported quarterly earnings Friday morning.

ETFDaily:
Wells Fargo & Company (NYSE:WFC) Given New $59.00 Price Target at Morgan Stanley

Zacks:
Wells Fargo (WFC) Outpaces Stock Market Gains: What You Should Know

@bmq doesn't understand that an underperforming stock can rise on a day when the whole market does so.

And WFC is up 6%. This didn't age well

Thread regarding Wells Fargo & Co. layoffs

News Update 7/15/22

4 replies (most recent on top)

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