Major lenders plan a shared tokenized deposit network as stablecoin adoption accelerates across global payments.
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Lenders’ results contrast with measures that show the highest credit card delinquency rates in 15 years.
Second-quarter earnings and June consumer inflation data offset continuing uncertainty about the Strait of Hormuz.
Wells Fargo & Co (WFC) reports a 25% increase in earnings per share and 9% revenue growth, while navigating expense pressures and market uncertainties.
Moby summary of Wells Fargo & Company's Q2 2026 earnings call
Citigroup just posted its best revenue quarter in a decade and still watched its stock turn red, while Bank of America and Wells Fargo drew completely different reactions to similarly strong results. Something about the big bank rally is breaking down, and the cracks are worth understanding before positioning for what comes next.
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.
Jamie Dimon said conditions were nearly ‘as good as it gets’ after JPMorgan reported a big jump in profit.
WFC stock gains nearly 1.5% in early trading after Q2 earnings beat estimates, aided by higher NII, fee income and lower provisions despite higher expenses.
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 (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 & 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'...
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.
The headline numbers for Wells Fargo (WFC) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.
Bank of America's (BAC) second-quarter results beat Wall Street's estimates on Tuesday as increased
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 […]
FEATURE The artificial-intelligence trade appeared to be reignited Tuesday as investors digested a slew of bank earnings reports ahead of the consumer-price index inflation report for June. International Business Machines sank 23% after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets.
For the second quarter, the bank posted adjusted earnings per share of $2.00 on revenue of $22.62 billion.
Bank of America and Wells Fargo both cited the strength of the U.S. economy as a key driver of their second-quarter results.