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Big Banks Posted a Red-Hot Quarter
The Wall Street Journal32d agoneutral
Big Banks Posted a Red-Hot Quarter

39% That is how much the combined earnings of five big banks jumped in the most recent quarter from a year ago, with JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and Wells Fargo collectively earning more than $49 billion.

Bank Earnings Show Consumers Are Still in Good Shape
Barrons.com32d agoneutral
Bank Earnings Show Consumers Are Still in Good Shape

Mike Santomassimo, the bank’s CFO, attributed the positive credit trends to the U.S. economy and consumers remaining resilient even in the face of stickier-than-expected inflation. Santomassimo attributed that sturdiness to a relatively stable jobs environment. “We are not seeing cracks,” Santomassimo said on a call with reporters.

Wells Fargo & Company Q2 Earnings Call Highlights
MarketBeat32d agoneutral
Wells Fargo & Company Q2 Earnings Call Highlights

Wells Fargo & Company (NYSE:WFC) reported stronger second-quarter 2026 results, with executives pointing to broad-based revenue growth, disciplined expenses, improved credit performance and balance sheet growth following the removal of the company’s asset cap last year. Chief Executive Officer

Wells Fargo profit jumps as fee income, credit quality beat estimates
Proactive32d agobullish
Wells Fargo profit jumps as fee income, credit quality beat estimates

Wells Fargo & Co (NYSE:WFC, XETRA:NWT) reported second-quarter profit that topped Wall Street expectations on Tuesday, as strong fee income and improved credit performance offset pressure on the bank's net interest margin. The bank posted earnings of $2 per share, well above analysts'...

Buoyant Stock Market Boosts Wealth Units at Major Banks
Barrons.com32d agoneutral
Buoyant Stock Market Boosts Wealth Units at Major Banks

Wealth management units at the nation’s largest banks reported rising client assets for the second quarter, thanks to a combination of market appreciation and asset-gathering. More money in client investment accounts is a boon for the fees that the wealth units generate on assets under management. Citigroup reported client investment assets rose 14% year over year to $727 billion.

Big Banks See Clear Skies in Credit Card Land
The Wall Street Journal32d agoneutral
Big Banks See Clear Skies in Credit Card Land

Big banks’ credit card data looks as good as ever. Delinquency rates for credit cards at JPMorgan Chase, Bank of America, Citigroup and Wells Fargo were largely down compared with a year ago, while spending volume was broadly up.

Goldman Sachs and Wells Fargo Cut Fiserv (FISV) Price Targets
Insider Monkey32d agoneutral
Goldman Sachs and Wells Fargo Cut Fiserv (FISV) Price Targets

Fiserv, Inc. (NASDAQ:FISV) is one of the 10 Most Promising Fintech Stocks to Buy Now. On July 9, Goldman Sachs analyst Will Nance reduced the firm’s price target on Fiserv, Inc. (NASDAQ:FISV) from $70 to $60 and maintained a Neutral rating on the stock. The analyst noted that the payments sector appears to be in […]