Another bad quarter for NYCB shows CRE problems are not yet behind banks [Yahoo! Finance]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
Check Earnings Report
US:NYSE Investor Relations:
wellsfargo.com/about/investor-relations
Company Research
Source: Yahoo! Finance
The Hicksville, NY-based regional lender posted higher loan loss provisions and loan write-offs in the third quarter than Wall Street expected. It also reported its fourth consecutive quarterly loss, of $280 million, and delayed its goal of turning profitable by a year to 2026. Its stock was down more than 8% Friday morning. As of Friday morning, it has fallen 66% since the beginning of the year. NYCB is a big lender to office buildings and rent-regulated apartment complexes, especially in New York City . With $114 billion in assets, it is one of the country's 30 largest banks. Its stock began plummeting in January after the bank set aside more money for real estate loan losses related in part to those apartment complexes in the New York City area. NYCB was able to calm the market with an emergency equity infusion from a group that included former Treasury Secretary Steven Mnuchin. A new team began cutting the bank's exposure to commercial real estate while selling businesses
Show less
Read more
Impact Snapshot
Event Time:
WFC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WFC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WFC alerts
High impacting Wells Fargo & Company news events
Weekly update
A roundup of the hottest topics
WFC
News
- Wells Fargo to Present at the BancAnalysts Association of Boston ConferenceBusiness Wire
- Wells Fargo & Company (NYSE: WFC) had its price target raised by analysts at Evercore ISI from $71.00 to $77.00. They now have an "outperform" rating on the stock.MarketBeat
- The Benefits Of 529 College Savings Plans: Busting Myths And Maximizing Value [Forbes]Forbes
- Wells Fargo Offers Customers a Convenient Way to Check Out Online With PazeBusiness Wire
- What is Cash App, and is it safe to use? [Yahoo! Finance]Yahoo! Finance
WFC
Earnings
- 10/11/24 - Beat
WFC
Sec Filings
- 10/31/24 - Form 424B2
- 10/31/24 - Form IRANNOTICE
- 10/31/24 - Form 10-Q
- WFC's page on the SEC website