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Major Bank Profits Surge More Than Expected In Q1, Drawing Customer Deposits From Smaller Players
Friday, April 14, 2023 - 9:18am | 1027Major U.S. financial institutions JP Morgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), BlackRock, Inc. (NYSE: BLK), Citigroup (NYSE: C) and PNC Financial Services Group (NYSE: PNC) reported higher-than-expected earnings in the first quarter of 2023...
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Why Wells Fargo Shares Are Rising
Friday, January 14, 2022 - 12:59pm | 246Wells Fargo & Co (NYSE: WFC) shares are trading higher after the company reported better-than-expected fourth-quarter results. Wells Fargo saw EPS of $1.38, which beat the analyst consensus estimate of $1.12. Sales of $20.86 billion beat the analyst consensus estimate of $18.78...
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Wells Fargo CEO Racial Comments Upset Many, Lead To Apology
Wednesday, September 23, 2020 - 1:26pm | 482The CEO of one of the country's largest banks has caused a stir with his comments on racial diversity at the bank. What Happened: Earlier this summer, Wells Fargo & Company (NYSE: WFC) CEO Charlie Scharf upset several employees with his comments on a lack of diversity for...
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Sell-Side: Wells Fargo's New CEO A Good Hire, But Don't Look For A Quick Fix
Monday, September 30, 2019 - 1:45pm | 681Wells Fargo & Co (NYSE: WFC)’s new CEO should bring some needed stability as the bank tries to get out from under regulatory restrictions, but a return to growth won’t happen overnight, sell-side analysts said from the sidelines Monday. The bank announced Friday that Charlie...
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How The Under-The-Radar CEO Succession At Visa Went Down
Tuesday, October 18, 2016 - 2:11pm | 369Deutsche Bank's Bryan Keane maintains a Buy rating on shares of Visa Inc (NYSE: V) with an unchanged $103 price target following the company's announcement of a CEO change. Visa said after Monday's market close that CEO Charlie Scharf will step down and be replaced with Alfred Kelly, a current Visa...
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Should Investors Be Worried About Caterpillar's CEO Resignation?
Tuesday, October 18, 2016 - 1:46pm | 293Caterpillar Inc. (NYSE: CAT) CEO Doug Oberhelman said Monday he will retire from his position. The announcement came at the same time that Visa Inc (NYSE: V) announced its CEO Charlie Scharf will step down to spend more time with his family. Scharf's resignation isn't being questioned...
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Baird Comments On Visa CEO Exit, F2017 Guidance
Tuesday, October 18, 2016 - 11:42am | 293Baird believes the CEO transition makes it “mildly less likely” for Visa Inc (NYSE: V)’s F2017 outlook to top the Street. However, the brokerage reiterated its Outperform rating, as it likes the risk/reward on the stock over the next 12 months. Visa, a payments tech firm,...
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Visa Says Charlie Scharf Out As CEO; Alfred Kelly Named Replacement
Tuesday, October 18, 2016 - 10:58am | 392Visa Inc (NYSE: V) announced after Monday's market close that its CEO Charlie Scharf will resign as CEO effective December 1. Scharf took over as Visa's CEO on November 1, 2012, after leaving a decade-long stint at JPMorgan where he led the Wall Street bank's retail banking business, which is also...
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Deutsche Bank Just Met With Visa's CEO, Says Business Is 'Healthy'
Tuesday, March 31, 2015 - 12:05pm | 399In a report published Tuesday, Deutsche Bank analyst Bryan Keane discussed a recent meeting with Visa Inc (NYSE: V)'s CEO Charlie Scharf along with other key executives at the company's San Francisco office. Shares of Visa remain Buy rated with an unchanged $79 price target. New...
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Visa Shares Dip Following Q3 Earnings
Thursday, July 24, 2014 - 5:12pm | 209Shares of Visa (NYSE: V) are trading down 2.8 percent in Thursday's after-hours session following the release of its third quarter earnings report. Results Revenue: $3.16 billion, up five percent year over year. EPS: $2.17, up 15 percent from the same quarter last year. Total...
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Visa Tops Q3 Estimates (V)
Wednesday, July 24, 2013 - 6:27pm | 217Visa (NYSE: V) released its fiscal third-quarter earnings results after the closing bell on Wednesday. The company reported earnings per share and revenue that was above Wall Street analysts' consensus estimates. In late trade, Visa shares were last up around 2 percent to $190.66. Related:...