Trends - Wells Fargo - Business Recorder

Wells Fargo

Strong bank earnings push S&P 500, Dow to record highs

NEW YORK: The S&P 500 and the Dow hit record highs on Friday, driven by gains in major banks following...

Published 12 Oct, 2024 06:17am

Business & Finance

Wells Fargo profit shrinks more than 7% on lower interest income

Wells Fargo’s profit fell 7% in the first quarter as it became more costly to pay customers for deposits and demand...

Published 12 Apr, 2024 07:14pm

Business & Finance

Wells Fargo branch workers in California vote against union

Wells Fargo employees at a small bank branch in Atwater, California, voted against forming a union on Thursday,...

Published 19 Jan, 2024 10:16am

Markets

Wall Street slips as big banks slide

NEW YORK: Wall Street’s main indexes fell on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs...

Published 17 Jan, 2024 06:02am

Business & Finance

Some Wells Fargo employees vote in favor of unionization; others reject

Wells Fargo employees at its Albuquerque, New Mexico branch voted to join a union on Wednesday, while some of the...

Published 21 Dec, 2023 10:32am

Markets

S&P 500, Nasdaq down

BENGALURU: The S&P 500 and the Nasdaq fell on Friday, as a decline in megacap stocks overshadowed upbeat...

Published 14 Oct, 2023 05:32am

Markets

Higher gasoline prices seen boosting US inflation in August

WASHINGTON: US consumer prices likely increased by the most in 14 months in August amid a surge in the cost of...

Published 13 Sep, 2023 10:36am

Business & Finance

Wells Fargo CFO expects more layoffs ahead

NEW YORK: Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial...

Published 12 Sep, 2023 08:16pm

Business & Finance

Slower, but still strong US employment growth expected in July

WASHINGTON: US job growth likely slowed further in July, but retained enough momentum to shield the economy from a...

Published 04 Aug, 2023 10:03am

Business & Finance

Citigroup profits drop less than expected

NEW YORK: Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments from...

Published 17 Jul, 2023 03:47am

Business & Finance

JPMorgan, Wells Fargo prepare for losses on office loans

NEW YORK: JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from ...

Published 17 Jul, 2023 03:47am

Business & Finance

Wells Fargo profit surges 57% as interest payments climb

Wells Fargo’s profit surged 57% in the second quarter as it earned more from customer interest payments and raised...

Published 14 Jul, 2023 05:13pm

Markets

US banking giants to report higher profits even as dealmaking drags

NEW YORK: Wall Street banks are expected to report higher profits for the second quarter as rising interest payments...

Published 11 Jul, 2023 03:50pm

Markets

Wells Fargo reaches $1bn settlement with shareholders over recovery from scandals

NEW YORK: Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding...

Published 16 May, 2023 10:05am

Business & Finance

Wells Fargo profit exceeds estimates as rising rates bolster income

NEW YORK: Wells Fargo & Co’s profit surpassed expectations for the first quarter on Friday as it earned more...

Published 17 Apr, 2023 06:41am

Business & Finance

Wells Fargo fined $100m for sanctions violations

WASHINGTON: The US Federal Reserve Board and the Treasury announced fines Thursday for Wells Fargo bank totaling...

Published 01 Apr, 2023 07:16am

Markets

Global bank shares sink over US fears

PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...

Published 10 Mar, 2023 03:31pm

Markets

Dollar near eight-month low ahead of central bank meetings

SINGAPORE: The dollar lolled near an eight-month low against its peers on Thursday, as a gloomy US corporate...

Published 26 Jan, 2023 09:14am

Markets

US banks get ready for shrinking profits and recession

NEW YORK: US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile...

Published 10 Jan, 2023 12:01pm

Business & Finance

Wells Fargo sacks India executive for urinating on plane passenger

NEW DELHI: US banking giant Wells Fargo on Friday sacked a top Indian executive now being pursued by police for...

Published 07 Jan, 2023 07:31am

Markets

Wells Fargo sacks India executive for urinating on plane passenger

NEW DELHI: US banking giant Wells Fargo on Friday sacked a top Indian executive now being pursued by police for...

Published 06 Jan, 2023 07:43pm

Business & Finance

US CFPB orders Wells Fargo to pay $3.7bn for mismanagement

NEW YORK: Wells Fargo has agreed to pay $3.7 billion to settle charges from a US consumer watchdog over widespread...

Published 21 Dec, 2022 06:53am

Opinion

Goldman Sachs’ consumer pivot solves one question, but makeover raises more

Goldman Sachs Group Inc’s strategy pivot has solved one problem for investors who didn’t love its foray into...

Published 20 Oct, 2022 05:36am

Business & Finance

Wells Fargo profit falls on sales scandal costs, higher reserves

Wells Fargo & Co on Friday reported a 31% decline in third-quarter profit as the bank racked up costs related to...

Published 14 Oct, 2022 05:25pm

Business & Finance

Wells Fargo expects steeper US rate hikes to quell rampant inflation

Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central...

Published 27 Sep, 2022 06:46pm

Business & Finance

Wells Fargo to pay over $13mn penalty to resolve 401(k) review

Wells Fargo & Co said on Monday it would pay a penalty of $13.2 million as part of a settlement with the U.S...

Published 12 Sep, 2022 07:28pm

Markets

Wall Street slides for fifth straight day on rate hike jitters

NEW YORK: US stock indexes slid for the fifth straight session on Thursday as fresh signs of a tight labor market...

Published 02 Sep, 2022 06:00am

Markets

Valuations give investors pause in buying beaten-up U.S. stocks

NEW YORK: Whipsawing bond yields, surging oil prices and a Federal Reserve bent on squashing the worst inflation in...

Published 18 Jun, 2022 05:44pm

World

Solid U.S. job growth anticipated in May; unemployment rate seen at 3.5%

WASHINGTON: U.S. employment likely increased at a brisk clip in May, with the jobless rate expected to have dropped...

Published 03 Jun, 2022 12:20pm

Markets

Wells Fargo CEO sees $1 billion opportunity in growing investment bank

NEW YORK: Wells Fargo & Co’s Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells’...

Published 01 Jun, 2022 08:53pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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