Wells Fargo

President Donald Trump commended insurance companies for their response to the January 2025 Los Angeles wildfires, while criticizing banks, particularly Wells Fargo & Co. (NYSE:WFC), for their lack of support. Trump took to Truth Social on Thursday to praise insurance companies for “...

Wells Fargo said its exposure to private credit firms was approximately $36.2 billion in Q1, with software companies accounting for 17%. This news comes as investors are keeping a close eye on all of Wall Street's exposure to private credit, given the current volatility. Other banks have been...

Atlassian Corp (NASDAQ:TEAM) shares are trending upward on Thursday. The move follows strategic cost-cutting measures and a recent workforce reduction. Investors are weighing a 10% cut in the global workforce against long-term AI goals. • Atlassian stock is trading near recent lows....

Editor's Note: This article has been updated to clarify that the reported holdings represent client investments in Bitcoin ETFs. Last week, filings revealed that clients of Wells Fargo have amassed substantial exposure to Bitcoin (CRYPTO: BTC) through ETFs. This development has elicited reactions...

RBC Capital analyst Deane Dray raised the price target for the post-it maker 3M Company (NYSE:MMM) from $120 to $130, while keeping an Underperform rating. • MMM stock is challenging resistance. See the full story here. Recent Earnings Results On Tuesday, the company posted...

SanDisk (NASDAQ:SNDK) shares are trading lower on Friday despite the company’s upbeat fourth-quarter financial results on Thursday. This comes amid analyst warnings that softer third-quarter margin forecasts could weigh on shares. SNDK stock is struggling to find support. See what’s...

Snap Inc. (NYSE:SNAP) shares are trading higher on Tuesday after Wells Fargo raised its price target on the stock from $8 to $11, citing stronger-than-expected revenue growth in a stabilizing ad market. What To Know: The firm now expects second-quarter revenue to increase 13% year-over-year, up...

President Donald Trump's efforts to revive domestic manufacturing via tariffs are unlikely to generate a significant number of new jobs, according to experts from Wells Fargo. While the policy aims to bring industrial activity back to the U.S., they say the calculations do not add up. What Happened...

U.S. stock futures swung on Thursday after two days of decline on Wednesday. Futures of major benchmark indices were trading mixed in premarket. After a marathon 22-hour hearing, the House Rules Committee moved President Donald Trump‘s “$4.9 trillion legislative package” forward...

As the stock market reels with the changing macroeconomic conditions, Wells Fargo is advising long-term investors to capitalize on the recent market pullback by favoring high-quality equities, particularly within the energy sector and large- and mid-capitalization stocks. What Happened: Scott Wren...

Chipotle Mexican Grill Inc. (NYSE:CMG) will report its first-quarter earnings after market close on Wednesday. Here’s what its charts and recent price revisions by analysts indicate. What Happened: Chipotle is expected to report earnings of $0.28 per share, representing a 12% increase from...

Amazon.com, Inc. (NASDAQ:AMZN) has paused some of its data center leasing talks, following a similar move by Microsoft Corporation (NASDAQ:MSFT). What Happened: Amazon has temporarily halted certain data center lease negotiations for its cloud division, especially in international markets, said...

The exchange-traded funds tracking the S&P 500 index fell again, whereas the one tracking the Nasdaq 100 continues to remain below its 200-day average as President Donald Trump‘s tariff announcements continue to make headlines. What Happened: The technical analysis of SPDR S&P 500 ETF...

Intel Corp. (NASDAQ:INTC) on Thursday reported better-than-expected fourth-quarter results but lowered its forward guidance for the next quarter. Analysts weighed in on the report.  Expert Ideas: Cantor Fitzgerald analyst C.J. Muse highlighted Intel's better-than-feared fourth quarter driven...

The year 2024 saw the U.S. stock market make new records, with major indices breaching key milestones. While many stocks witnessed a stellar rally this year, analysts still expect some blue-chip equities to rise further as they forecast a better return potential. Dow’s Performance In 2024 The...