Banks are kicking off the fourth-quarter 2024 earnings season with a bang, with JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and Citigroup (NYSE: C) all hovering near 52-week highs.
JPMorgan Chase told employees Friday that it will require most of them to return to the office five days a week, starting in March. Chase, the Bay Area’s third-largest bank based on deposits in the region, said more than half the company’s employees have already returned to their offices full time.
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance. Read why I upgrade WFC stock from sell to hold.
According to Gov. Gavin Newsom's office, Bank of America, Citi, JPMorgan Chase, U.S. Bank, and Wells Fargo are offering a 90-day forbearance of their mortgage payments, without reporting the payments to credit reporting agencies.
Zelle is a major embarrassment to the big bank community. If you don’t know, it’s an app used to send money to a person or institution at no charge. The lawsuit argues that Zelle has cost Americans $870 million in lost money due to theft. But the banks are adamant when they say that number is overblown.
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
Community Bank of Raymore lowered its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.
Fintel reports that on January 22, 2025, Wells Fargo upgraded their outlook for 3M (NYSE:MMM) from Equal-Weight to Overweight. Analyst Price Forecast Suggests 2.91% Upside As of December 23, 2024, the average one-year price target for 3M is $151.
Goldman Sachs, Morgan Stanley, JPMorgan Chase & Co, Wells Fargo & Co, Citigroup and Bank of America — have pulled out of the world’s top climate alliance for the sector.