Friday, 12 October 2018 Wells Fargo & Co. reported mixed earnings Friday, with better-than-expected revenue but profit that fell short of analysts’ expectations. The San Francisco bank was one of three major U.S. banks to report earnings, and investors are watching the banks closely for signs about the health of the U.S. economy amid a week of stock-market turbulence leading up to this quarter’s earnings season. Competitors JPMorgan Chase & Co. and Citigroup Inc. both reported results that topped Wall Street estimates. Wells Fargo reported third-quarter revenue of $21.9 billion, topping analysts’ predicted revenue of $21.8 billion, which was in line with last year’s third quarter. But the bank’s earnings per share of $1.
Wells Fargo & Co. will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans. District..
Wells Fargo & Co will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans. Reuters..
Beyond Meat went up and beyond beating analysts' expectations in its quarterly earnings report. This was the company's first earnings release since it went public in May 2019. Since its IPO, the stock..
What's going on in the markets? Jim Cramer breaks down some of the biggest stories driving the markets Friday. The Jobs Report The jobs report number came in shy of expectations. The U.S. economy was..