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Wells Fargo & Co

Unveiling the Factors Fueling the Stock Market’s Selloff and Our Action Plan

by Milton Acorn
Unveiling the Factors Fueling the Stock Market’s Selloff and Our Action Plan

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stocks sink Eli Lilly surges …

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Categories Science

Record Keeping Failures Result in $549 Million Fine for Wells Fargo and Other Wall Street Banks

by Craig Fedirighi
Record Keeping Failures Result in 9 Million Fine for Wells Fargo and Other Wall Street Banks

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, …

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Categories Business

Senate Banking Committee considers proposals to address junk fees outlined by CFPB

by James Odonell
Senate Banking Committee considers proposals to address junk fees outlined by CFPB

Signage at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C. Andrew Kelly | Reuters WASHINGTON — Members of the Senate Banking Committee jostled Wednesday over whether the leading …

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Categories Politics

Top 10 Stock Market Highlights to Keep an Eye on Wednesday as Per Jim Cramer

by Adrian Jhonsan
Top 10 Stock Market Highlights to Keep an Eye on Wednesday as Per Jim Cramer

My top 10 things to watch Wednesday, July 26 1. We have earnings analyses of Alphabet (GOOGL) and Microsoft (MSFT) that are much better than Wall Street. To wit, MSFT …

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Categories World

Shares rise as Wells Fargo reveals $30 billion buyback plan

by Craig Fedirighi
Shares rise as Wells Fargo reveals  billion buyback plan

Wells Fargo building in San Francisco. Source: CNBC Wells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock. The company also said its …

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Categories Business

Biogen Plans to Reduce Workforce by 1,000 in Anticipation of Leqembi Launch

by Shawn Butlere
Biogen Plans to Reduce Workforce by 1,000 in Anticipation of Leqembi Launch

A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Biogen on Tuesday said it expects to cut approximately 1,000 jobs, or about 11% of its workforce, to save costs …

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Categories Health

Status update: These non-tech stocks are making a surprising comeback

by Milton Acorn
Status update: These non-tech stocks are making a surprising comeback

A number of Club stocks that were unloved on Wall Street earlier in the year have seen their fortunes rebound in recent months, including oilfield-services firm Halliburton (HAL) and industrial …

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Categories Science

2Q 2023 Earnings Report of Goldman Sachs (GS)

by Adrian Jhonsan
2Q 2023 Earnings Report of Goldman Sachs (GS)

Goldman Sachs on Wednesday posted profit below analysts’ expectations amid writedowns tied to commercial real estate and the sale of its GreenSky lending unit. Here’s what the company reported: Earnings: …

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Categories World

Morgan Stanley (MS) Reports Earnings for Q2 2023

by Adrian Jhonsan
Morgan Stanley (MS) Reports Earnings for Q2 2023

CEO of Morgan Stanley James Gorman speaks in New York, May 6, 2014. Getty Images Morgan Stanley on Tuesday posted second-quarter earnings and revenue that topped analysts’ expectations, helped by …

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Categories World

Bank of America (BAC) Reports 2Q 2023 Earnings

by Adrian Jhonsan
Bank of America (BAC) Reports 2Q 2023 Earnings

Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022. Al Drago | Bloomberg | Getty …

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Categories World
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