Trump Administration Investigates Wells Fargo for Race-Based Lending
The federal housing agency says the bank's efforts to encourage Black homeownership amount to discrimination.


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The federal housing agency says the bank's efforts to encourage Black homeownership amount to discrimination.

Wells Fargo stock slipped as federal housing officials announced a probe into its mortgage programs aimed at boosting black and minority homeownership.

A Wells Fargo analyst warns of a near-term profit hit from AI infrastructure spending and legal costs - but thinks that will set up massive gains by 2028.
"We see breakout hits as a must for the stock to work again," Wells Fargo analysts said as they cut their rating on shares of the streaming platform.
Shares of the US banking giant jumped in morning trading, as the comments allayed concerns that the Middle East conflict-driven jump in fuel prices and higher…

Wells Fargo is skeptical that equities can keep marching higher from current levels.




In a day of recruitment wins, Bank of America's Merrill Lynch announced the addition of an advisor team from Morgan Stanley and solo advisors from Truist and W…

Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.

Wells Fargo notes that with Y'all Street booming, one bank is in strong position to profit.

The NAHB/Wells Fargo Housing Market Index inched up to 35 in August from 34 in July as concerns about high mortgage rates, rising construction costs and the ec…
JPMorgan Chase could soon boast a market value in excess of $1 trillion. Several tailwinds are driving share value, according to Wells Fargo.

All six major US banks -- JPMorgan, Bank of America, Goldman Sachs, Citigroup, Morgan Stanley and Wells Fargo -- quit the Net Zero Banking Alliance.

The bank hiked its price target on the stock by $280, raising it to the most bullish level on Wall Street.

"I asked why the limit was so low, but they couldn't give me an explanation."
The five banks releasing earnings Tuesday morning are expected to report strong revenue from trading equities and fixed income.

Disney's content is getting more valuable while its online distribution business is less competitive, the investment bank said.

"AI compute revenue potential dwarfs other battery uses," Wells Fargo analysts said.

AT&T is poised to see its shares sink as SpaceX's Starlink and other upstarts disrupt its business, according to Wells Fargo.

Wells Fargo equity analyst Ohsung Kwon said nearly $20 billion should come in from the accounts.

The bank upgraded the oil and gas name to overweight from equal weight.

Here's how Wells Fargo would build a "resilient, multi-asset class income stream."

The bank, which has an overweight rating on the tech giant, hiked its price target on the tech giant.

The Russell 2000 is beating the S&P 500 this year, but that outperformance is masking a disturbing trend of falling earnings estimates
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