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Wells Fargo passed the Fed stress test, but rate risks and premium valuation raise concerns despite strong capital returns.
The U.S.’s largest banks remained “resilient” after absorbing $550 billion in losses in a simulated economic shock.
Goldman Sachs (GS) and Bank of America (BAC) stocks each moved up by more than 1% in Friday after-hours trading after the ...
WFC gains near-term edge post asset-cap lift, while BAC bets on digital growth and IB rebound for long-term upside. Which ...
Wall Street's biggest banks rose in morning trading on Monday after sailing through the U.S. Federal Reserve's annual health ...
The test, less demanding than in recent years, showed the banks could withstand a sharp economic downturn while maintaining ...
Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...
The Federal Reserve said it has removed restrictions it had placed on Wells Fargo, the prominent San Francisco bank that has sought to move past a series of scandals in the last decade.
The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake accounts scandal nearly a decade ago, a major victory for CEO Charlie Scharf.
The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, ...
Wells Fargo & Co. has cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal.
Bank stocks have outperformed the broad market with Goldman Sachs up 23% and JPMorgan Chase up 22% in the first half of 2025.