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Wells Fargo
19 TokenPost stories are tagged Wells Fargo. The newest appear first.
Latest Wells Fargo stories
- Wells Fargo Sees U.S. Small Caps Under Pressure After 5.5% Drop
The Russell 2000 fell for five straight weeks through Oct. 9, its longest weekly losing streak since May 2022.
· Investing
- U.S. Banks Outline Tokenization Uses for Payments, Trading and Advice
Wells Fargo has tokenized deposit payments in production at small volume, with payments reaching beneficiary accounts in two minutes or less.
· Business
- Wells Fargo Targets First-Half 2027 Stablecoin Issuance
The bank and 20 international financial institutions plan to form a company in the second half of 2026, while CEO Charlie Scharf says U.S. use cases remain unclear.
· Business
- Wells Fargo Earnings Rise as Analyst Upgrades Stock After 6% Pullback
Third-quarter net income reached $5.951 billion, while revenue rose 2% but missed the $22.3 billion consensus estimate.
· Business
- Wells Fargo Falls 1.37% Premarket as Four Stocks Draw Focus
Wells Fargo fell to $82.15 before Tuesday’s open as technology stocks faced pressure and investors assessed quarterly bank earnings.
· Investing
- Adobe Shares Slip After HSBC Downgrades Software Company
Adobe shares edged lower in premarket trading Oct. 13 after HSBC downgraded the company. Wells Fargo double-downgraded Adobe on Monday.
· Investing
- Wells Fargo Posts $1.87 Third-Quarter GAAP EPS as Revenue Misses
Wells Fargo’s revenue rose 2% year over year to $21.87 billion but came in $450 million below estimates. GAAP EPS exceeded expectations by $0.01.
· Business
- Options Market Prices Wide Swings for Seven Financial Companies
Implied stock moves range from 2.5% for JPMorgan Chase to 3.5% for Wells Fargo as investors assess earnings, interest rates and consumer pressure.
· Investing
- Wells Fargo Double-Downgrades Adobe and Upgrades Tyler Technologies
Adobe shares fell 2.6% in premarket trading Monday, while Tyler Technologies gained 2.5%.
· Investing
- Six Major U.S. Banks Will Report Third-Quarter Results This Week
JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo are scheduled for Tuesday, followed by Morgan Stanley and Bank of America on Wednesday.
· Business
- Brazilian Stocks, Wells Fargo Among Top Gainers in Weekly Financials Roundup
Crypto-linked shares, HSBC and MUFG were among the week’s decliners as expectations for prolonged higher interest rates pressured risk-sensitive markets.
· Investing
- Sixteen Financial Stocks Carry A+ Earnings Revision Grades
The group spans insurance, banking, payments, asset management and financial technology as Q3 2026 earnings approach.
· Investing
- HUD Investigates Wells Fargo Over $60 Billion Black Homeownership Plan
The probe examines whether race-focused mortgage initiatives violated federal fair-housing laws. Wells Fargo committed to provide financing for 250,000 additional Black homeowners by 2027.
· Regulation
- Editas Wins Australia Clearance as Wells Fargo Upgrades Rating
Australian authorities cleared a Phase 1/2 gene-editing trial, while Wells Fargo moved its Editas rating from Equal Weight to Overweight.
· Business
- Wells Fargo Discusses Crypto-Liquidity Arrangement With Kraken Parent Payward
The potential deal would connect Wells Fargo to Payward’s institutional trading infrastructure as the bank expands tokenized deposits and stablecoin initiatives.
· Business
- Meta Posts 28% Revenue Growth as Second-Quarter Expenses Rise 55%
Operating income fell 8% and diluted earnings per share declined 13% in the quarter ended June 30, 2026.
· Business
- Wells Fargo Downgrades Tech Sector to Neutral After Nearly 33% Gain
The move follows stronger expectations, rising debt-funded infrastructure investment and forecasts for more aggressive Federal Reserve rate increases.
· Investing
- Swift and Wells Fargo Join LF Decentralized Trust With 15 New Members
The organization also unveiled CLPR, a bridgeless cross-ledger messaging lab, and highlighted Panurus, an enterprise tokenization project launched in June.
· Business
- US Banks Explore Shared Blockchain Network for Tokenized Deposits and Real-Time Settlement
JPMorgan, Bank of America, Citigroup, and Wells Fargo are exploring a shared blockchain network for tokenized deposits to enable real-time interbank settlement and programmable payments.
· Business