Wells Fargo shares tumble immediately after net desire revenue falls shorter of estimates

Critical Details

In the next quarter, Wells Fargo recorded $11.92 billion in internet fascination money, a important evaluate of what a financial institution makes on lending, marking a 9% calendar year-more than-year drop.
That was under the $12.12 billion predicted by analysts, according to FactSet. The lender mentioned the fall was owing to the impact of larger interest prices on funding charges.
Wells Fargo’s next-quarter earnings and revenue exceeded Wall Avenue expectations.

Source

Finance

Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade

January 17, 2026

ETF Edge Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade Published Sat, Jan 17 202610:28 AM EST Krysta Escobar WATCH LIVE Source

Finance

Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks

January 16, 2026

Key Points Kevin Hassett told Fox Business that U.S. banks could voluntarily provide credit cards to underserved Americans. President Donald Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week. At least one major credit card issuer and […]

Finance

Stocks making the biggest moves midday: Novo Nordisk, Vistra, GE Vernova, Regions Financial and more

January 16, 2026

Check out some of the companies making headlines in midday trading: Novo Nordisk — The maker of the Wegovy obesity treatment jumped more than 4% as sales of its oral weight loss treatment got off to a strong start. In the first week of its launch, about 1.3% of Wegovy prescriptions were for the oral […]