Wells Fargo beat second-quarter profit estimates on Tuesday but cut its 2025 guidance for net interest income, dropping shares of the lender by more than 5%.

Wells Fargo values Instacart at 11 times 2026 EBITDA estimates, projecting revenues of $3.95 billion and EBITDA of $1.11 billion for the year.

The bank has managed to reduce its total number of troubled CRE loans over the last year despite adding $90M in apartment ...

Mixed Q1 Results Wells Fargo’s Q1 figures were mixed. Net income grew by 6% year-over-year to $4.89 billion, while revenue decreased by 3%. Net interest income, a measure of the earnings from ...

Wells Fargo said net charge-offs on loans tied to the struggling commercial real estate sector roughly doubled from a year earlier to $184 million in the third quarter and that the bank expected ...

Ad names Magnite and Trade Desk started at Wells Fargo Oct. 29, 2024 4:10 PM ET The Trade Desk, Inc. (TTD) Stock, MGNI Stock By: Ahmed Farhath, SA News Editor 1 Comment Play (2min) ...