Daily Digest
Daily Digest
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Everything Pomegra has published on WFC: 20 news articles and 4 market briefs, newest first.
Wells Fargo (WFC) missed revenue forecasts by about $440M as trading and interest income came in light.
Oct 13
Citigroup (C) earned $2.85 a share on $23.8B revenue as bond trading grew 4%, but profit fell from Q2.
Oct 13
Goldman Sachs (GS) earned $17.01 a share on $18.7B revenue; JPMorgan (JPM) missed but lifted its outlook.
Oct 13
JPMorgan (JPM), Goldman, Citi and Wells Fargo report Tuesday; September CPI lands Wednesday, up from 3.4%.
Oct 11
Bank of America (BAC) shares fell nearly 5% after a $1.2 billion FinCEN penalty and a Q3 2026 earnings miss, as EPS dropped to 91 cents from an expected $1.10.
Wells Fargo (WFC) shares slipped after Q3 2026 revenue of $21.87 billion missed the $22.3 billion forecast, even as EPS rose 13% to $1.87 on loan growth.
JPMorgan CEO Jamie Dimon says interest rates could rise further than markets expect as sticky inflation and the Iran war keep pressure on borrowing costs.
Citigroup (C) earned $2.85 a share in Q3 2026 on $23.8 billion of revenue, its best third quarter in a decade, as bond trading and wealth fees drove the beat.
US earnings season opens with JPMorgan, Wells Fargo and UnitedHealth, with profit growth near 30% expected and a 7% options-implied move in UNH stock.
eBay shares rose more than 5% on Oct. 12 after Morgan Stanley named the marketplace a top internet pick and lifted its price target to $132 from $127.
Salesforce (CRM) rose about 4% on a Bank of America double upgrade while Adobe (ADBE) fell 4% on a Wells Fargo double downgrade, splitting software stocks.
Morgan Stanley upgraded Wells Fargo (WFC) to Overweight with a $102 target and top-pick status, saying the bank is rebuilding its growth engine in 2026.
Tesla signed $30 billion in unsecured bank credit facilities, replacing a $5 billion revolver, as 2026 capex tops $25 billion; no draws are planned this year.
Goldman Sachs shares advanced Monday as strong overnight fixed-income results and a broad financial-sector rotation lifted the Wall Street giant, extending a year of consistent outperformance over…
A New York judge cleared New York AG Letitia James's $1 billion Zelle fraud lawsuit to proceed, denying Early Warning Services' dismissal bid and advancing digital payment liability scrutiny.
A Manhattan judge's refusal to dismiss the New York attorney general's Zelle fraud lawsuit keeps digital payment liability in the spotlight and sets a potential precedent for platform…
The SEC's proposed Regulation E-Delivery would shift investor disclosures to a digital-first default, cutting industry costs by up to $800 million per year while preserving paper opt-out rights.
Wells Fargo raised its year-end S&P 500 target to 7,950, citing stronger corporate earnings momentum and AI-driven profit growth as the primary catalysts for the upgrade.
Wall Street's premarket picture turned murkier on July 14, 2026, as a third consecutive night of U.S. military strikes on Iran, a renewed naval blockade, and Brent crude pushing toward $87 a…
Goldman Sachs reports Q2 2026 earnings on July 14, with analysts forecasting $16.49 billion in revenue as investment banking revenue momentum accelerates toward a 42% year-over-year gain.
Goldman Sachs raised its year-end S&P 500 forecast to 8,000, citing AI-driven earnings momentum even as geopolitical tensions and Middle East conflict cast shadows over global markets.
Entry-level office roles are disappearing at the sharpest rate in a generation as AI automation drives a wave of corporate restructuring and a surge in WARN Act notices across sectors.
Bank of America plans to debut cross-border real-time payments via SWIFT and CashPro® for corporate clients, targeting Mexico, UK, and India corridors in Q3 2026.
The S&P 500 breached its all-time intraday record on Wednesday, April 15, 2026, touching levels above the previous peak of 7,002.28 set on January 28, powered by a potent combination of Mideast…
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