Wells Fargo, Net Interest Income and Cuts Guidance
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Tariffs, tariffs, tariffs. President Donald Trump’s trade levies have been the talk of Wall Street since his April 2 announcement sent stocks plunging and injected uncertainty into the economy and capital markets.
US stocks climb as strong bank earnings boost sentiment. Traders watch Fed moves as inflation risks from new tariffs loom over the market.
Shares of JPMorgan, up 20% this year, slipped 0.4% at 9:49 a.m. in New York. Some analysts had predicted the stock might stagnate, even after positive earnings news, because the company’s valuation was already at a high level.
Fed stress test success, dividend hike, and growth momentum. Read why I believe WFC is a dividend income champ with further upside.
Wall Street has become too optimistic — once again — about the likelihood of rate cuts from the Federal Reserve, according to strategists at Well Fargo Investment Institute. The above chart shows the rise and fall of expectations for rate cuts this year,
6don MSN
Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.
Wells Fargo & Company (NYSE:WFC) is one of the 13 stocks recently discussed by Jim Cramer. Coming to the company, Cramer commented: “Finally, Raymond James downgraded Wells Fargo, another Charitable Trust name,
Wells Fargo dove into the implications for the auto sector of the Trump Administration imposing a 50% tariff on copper imports from select countries.
Live Updates Live Coverage Has Ended President Trump on Tariffs 1:03 pm by Gerelyn Terzo President Trump has delivered an update on tariff details. He said that the Aug. 1 deadline is a clarification,
Global banks including top U.S. lenders are expected to report a 10% gain in markets revenue as traders cashed in on shifting U.S. tariff policies, according to estimates from analysis firm Crisil Coalition Greenwich.