Wells Fargo is flat after an earnings beat — here’s why and our outlook on shares

Wells Fargo customers use the ATM at a bank branch on August 08, 2023 in San Bruno, California.
Justin Sullivan | Getty Images

Wells Fargo reported better-than-expected earnings results on Friday, but some weakness under the hood is putting a lid on the bank’s stock. Stay the course: Shares should move higher as management continues to shake off regulatory punishments for past misdeeds.

Products You May Like

Articles You May Like

Short seller alleges Oddity Tech is misleading investors
TJX jumps 4% to a new high after earnings — here’s what investors love about the report
DocuSign chief says company focused on growing as a public entity after reports of private equity interest
‘Pregnancy discrimination across corporate America is still rampant,’ author says
Here’s why you may be saving more in your 401(k) — and not even know it

Leave a Reply

Your email address will not be published. Required fields are marked *