Trump Administration Investigates Wells Fargo for Race-Based Lending
The federal housing agency says the bank's efforts to encourage Black homeownership amount to discrimination.


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The federal housing agency says the bank's efforts to encourage Black homeownership amount to discrimination.

Wells Fargo stock slipped as federal housing officials announced a probe into its mortgage programs aimed at boosting black and minority homeownership.

A Wells Fargo analyst warns of a near-term profit hit from AI infrastructure spending and legal costs - but thinks that will set up massive gains by 2028.
Shares of the US banking giant jumped in morning trading, as the comments allayed concerns that the Middle East conflict-driven jump in fuel prices and higher…

Wells Fargo is skeptical that equities can keep marching higher from current levels.




Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.

Wells Fargo notes that with Y'all Street booming, one bank is in strong position to profit.

The NAHB/Wells Fargo Housing Market Index inched up to 35 in August from 34 in July as concerns about high mortgage rates, rising construction costs and the ec…


The bank hiked its price target on the stock by $280, raising it to the most bullish level on Wall Street.

"I asked why the limit was so low, but they couldn't give me an explanation."
The five banks releasing earnings Tuesday morning are expected to report strong revenue from trading equities and fixed income.

Disney's content is getting more valuable while its online distribution business is less competitive, the investment bank said.

"AI compute revenue potential dwarfs other battery uses," Wells Fargo analysts said.

AT&T is poised to see its shares sink as SpaceX's Starlink and other upstarts disrupt its business, according to Wells Fargo.

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