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September 17, 2021

Wells Fargo & Co

Sen. Elizabeth Warren urges the Fed to break up Wells Fargo

CNBC
CNBC – For more and to sign up click here Senator Elizabeth Warren, a Democrat from Massachusetts, questions Jerome Powell, chairman of the U.S. Federal Reserve nominee for U.S. President Donald Trump, right, during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Tuesday, Nov. 28, 2017. Andrew......

As Warren Buffett turns 91, the legendary investor prepares Berkshire Hathaway for a new economy

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CNBC – For more and to sign up click here Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway’s annual meeting in 2019. Scott Morgan | Reuters Now 91, Warren Buffett is taking steps to make sure that Berkshire Hathaway......

Stocks extend their rally with S&P 500 and Nasdaq hitting fifth straight day of gains

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CNBC – For more and to sign up click here U.S. stocks climbed Wednesday, helped by banks and reopening stocks as the 10-year Treasury yield edged higher. The Dow Jones Industrial Average rose 39.24 points, or 0.1%, to 35,405.50. The S&P 500 added 0.2% to a new closing high of......

Wells Fargo reverses plan to end personal credit lines after customer backlash

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CNBC – For more and to sign up click here Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo is reversing an unpopular decision to shutter personal lines of credit for its customers. Last month, CNBC reported......

Stocks making the biggest moves after hours: Robinhood, Cisco, Nvidia & more

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CNBC – For more and to sign up click here People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt......

Wells Fargo postpones return-to-office plans by a month amid coronavirus surge

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CNBC – For more and to sign up click here Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo has pushed back plans for employees to return to corporate offices by a month in response to the......

Pinterest shares close down more than 18% after company reveals decline in users

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CNBC – For more and to sign up click here Pinterest shares closed down 18.24% on Friday after the company’s second-quarter earnings on Thursday revealed a decline in monthly active users. Pinterest posted 454 million monthly active users, down more than 5% from the 478 million the company reported in......

Consumers did great job paying down credit card debt during pandemic. That may be ending

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CNBC – For more and to sign up click here Santiaga | iStock | Getty Images Ask a consumer expert what would happen with credit card loan balances during a recession and the answer wouldn’t be that balances decline sharply and Americans avoid a wave of card delinquencies. But that’s......

Stocks making the biggest moves midday: Boeing, Carnival, Goldman Sachs and more

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CNBC – For more and to sign up click here Employees work in the cargo hold of a Boeing 737 MAX 9 test plane outside the company’s factory, on March 14, 2019 in Renton, Washington. Stephen Brashear | Getty Images News | Getty Images Check out the companies making headlines......

Morgan Stanley is set to report second-quarter earnings – here’s what the Street expects

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CNBC – For more and to sign up click here James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report second-quarter earnings before the opening......

Delta, Apple, Best Buy are some stocks that will benefit from consumer spending rebound, Cramer says

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CNBC – For more and to sign up click here The corporate earnings season is under way, and CNBC’s Jim Cramer thinks the early reports from major banks all have something in common: they indicate consumer spending could soon surge. “I think we’re at an inflection point where consumer spending can truly......

Big bank earnings begin. What Cramer and other market analysts see ahead

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CNBC – For more and to sign up click here Big banks could be in for a strong earnings season, three market analysts say. JPMorgan, Citigroup and Wells Fargo kicked off the flurry of reports on Wednesday with their second-quarter results, all beating expectations thanks to better-than-anticipated loan losses. Here’s......

Wells Fargo profit tops expectations with boost from release of money set aside for loan losses

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CNBC – For more and to sign up click here Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations as it continued to release funds it had set aside during the Covid-19 pandemic to safeguard against widespread loan losses. Shares of the bank rose......

Stock futures mostly flat ahead of bank earnings

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CNBC – For more and to sign up click here The Goldman Sachs booth on the floor of the New York Stock Exchange Getty Images U.S. stock futures were mostly flat on Monday night after the Dow Jones Industrial Average rose to almost 35,000 ahead of the second-quarter earnings season......

Stock futures open mostly flat ahead of the kickoff of earnings season

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Stock futures opened mostly flat late Sunday as earnings season kicks off this week. Futures on the Dow Jones Industrial Average added 25 points, or 0.07%. S&P 500......

Cramer’s week ahead: Next week sets the tone for all of earnings season

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Friday looked ahead to the start of earnings season, focusing on quarterly reports from the big banks and other companies in the packaged foods and travel industries. The “Mad Money” host’s lookahead came after stocks rallied hard on Wall Street......

Earnings season begins in the week ahead with eye-popping growth set to validate market’s 2021 run

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange, June 25, 2021. Source: NYSE Second-quarter earnings reporting season gets underway in the week ahead and eye-popping results could validate a market that continues to easily shake off any concerns......

Wells Fargo closed your personal line of credit. Here are some other options

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CNBC – For more and to sign up click here Smith Collection/Gado | Archive Photos | Getty Images Wells Fargo is closing all existing personal lines of credit, CNBC reported on Thursday. Some customers are likely thinking: Now what? Fortunately, there are alternatives for clients looking for ready cash, according......

Sen. Elizabeth Warren slams Wells Fargo for causing potential credit score hit to its customers

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CNBC – For more and to sign up click here U.S. Senator Elizabeth Warren (D-MA) questions Charles P. Rettig, commissioner of the Internal Revenue Service, during the Senate Finance Committee hearing titled The IRS Fiscal Year 2022 Budget, in Dirksen Senate Office Building in Washington, D.C., June 8, 2021. Tom......

Wells Fargo tells customers it’s shuttering all personal lines of credit

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CNBC – For more and to sign up click here A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo is ending a popular consumer lending product,......

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