NYSE:WFC - New York Stock Exchange, Inc. - US9497461015 - Common Stock - Currency: USD
In the latest trading session, Wells Fargo (WFC) closed at $75.52, marking a -0.71% move from the previous day.
Wells Fargo upgraded RxSight Inc. (NASDAQ:RXST) from Equal Weight to Overweight on Monday, while raising its price target from $17 to $25 due to an attractive valuation at the current stock price. Wells Fargo believes that the market is undervaluing RxSight’s differentiated light-adjustable lens/LAL technology and its potential for incremental market growth. The firm emphasizes […]
MOUNTAIN VIEW, California (Reuters) -Alphabet's Google kicks off its annual developer conference on Tuesday with a flurry of announcements showcasing its huge investment in artificial intelligence, while seeking to fend off concerns over the future of its business. The I/O conference in Mountain View, California has adopted a tone of increased urgency since the rise of generative AI posed a fresh threat to Google's long-time stronghold organizing and retrieving information on the internet. In recent months, Google has become more aggressive in asserting it has caught up to competitors after appearing flat-footed upon the release of Microsoft-backed OpenAI's ChatGPT.
Tariff and its economic implications remain in focus during JPMorgan's Investor Day as it expects Q2 IB fees to decline because of ambiguity.
Sector ETF report for FTXO
Here are Tuesday's biggest calls on Wall Street.
Moody's downgrades rating on JPM, BAC, WFC, BK and STT after it lowered the U.S. sovereign credit ratings.
“Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. US equity futures decline, Treasury yields rise amid investor bets that the rest of the world's stocks would outperform US stocks. President Trump appears to disengage from truce talks between Ukraine and Russia. House Republicans fail to arrive at an agreement on the SALT deduction cap ahead of a vote on a landmark tax bill. Home Depot reports before the bell. Conoco Philips CEO Ryan Lance says he expects a return of moderated US shale production growth. Erik Nelson of Wells Fargo says the dollar will weaken if the US exceptionalism story continues to fade. (Source: Bloomberg)
The brokerage said public exploration and production companies' responses to the pullback in crude prices have been more pronounced than initially expected.
The ratings agency cited the weakened ability of the U.S. government to support the banks as the reason behind the cut.
Investors should reduce their holdings of emerging market equities and buy US stocks instead, according to Wells Fargo & Co.
Morgan Stanley, BofA, JPMorgan and Wells Fargo are acting as joint book running managers for the offering.Confident Investing Starts Here: Easil...
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 5.1% in the afternoon session after Wells Fargo downgraded the stock from Buy to Hold, raising concerns as Google prepares to fully integrate generative AI into its platform. The firm noted that recent disruptions in search-driven traffic appear more permanent, as more users turn to AI-powered search.
Mentions: RDDT
US stocks, bonds and the value of the US dollar are drifting following the latest reminder that the US government seems to be hurtling toward an unsustainable mountain of debt.
Moody’s Ratings cut its ratings for deposits at Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co., citing last week’s downgrade of the US and the government’s weakened ability to support them.
These are the stocks posting the largest moves in midday trading.
Moody's decision to downgrade the U.S. credit rating may have far reaching consequences for your money, experts say.
Reddit stock slid in Monday trading after getting hit was a downgrade from analysts at Wells Fargo, which cited Google AI risk.
Bonds are in control, and the Trump administration is picking on the wrong retailer.
These are the stocks posting the largest moves in the premarket.
These three companies recently announced dividend increases; two offer investors a solid buying opportunity, but one may be a better buy later this year
Walmart shares slip after the retailer draws the ire of President Trump.
Wall Street market strategists entered 2025 bullish, but many lowered their targets for the S&P 500 after Trump's tariff announcements. Wells Fargo's Christopher Harvey did not waver in the face of a potential trade war. After the tariff drama began to unfold in late March and early April, most Wall Street strategists did not hesitate to lower their price targets for the benchmark S&P 500 (SNPINDEX: ^GSPC).
(Bloomberg) -- Investors face yet another bumpy start to the trading week, although it’s mounting concern over US debt rather than tariffs likely generating the volatility this time.Most Read from BloombergHow a Highway Became San Francisco’s Newest ParkMaryland’s Credit Rating Gets Downgraded as Governor Blames Trump America, ‘Nation of Porches’Power-Hungry Data Centers Are Warming Homes in the NordicsNJ Transit Train Engineers Strike, Disrupting Travel to NYCFinancial markets reopen in Asia on
Home Depot, TJX Companies and Palo Alto Networks are set to release their quarterly results.
JPMorgan Chase CEO Jamie Dimon's time as top boss is winding down at a time when his stature on Wall Street and in the nation's capital is arguably at an all-time high. Investors, as a result, may not be ready to let him go.
We recently published a list of 10 Trending AI Stocks on Wall Street Right Now. In this article, we are going to take a look at where Cisco Systems, Inc. (NASDAQ:CSCO) stands against other trending AI stocks on Wall Street right now. US President Donald Trump wrapped up his tour of the Middle East today, […]
What has Wall Street been buzzing about this week? Here are the top 5 Buy calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of May 12-16. Find all top-rated stocks by the best-rated analysts on TipRanks. Top 5 Buy Calls: 1. Wolfe upgrades Pinterest to Outperform on “reasonable” valuation Wolfe Research upgraded Pinterest (PINS) to Outperform from Peer Perform with a $40 price target. The firm says Q1 earnings and Q2 guidance gave Wolfe, which in mid-March had not
Many big American companies are backing away from DEI policies this year, but stockholders are not necessarily in favor of more measures that question diversity initiatives.
This company stands to benefit from the advances in artificial intelligence more than any other business.