Guys, let's bring in Scott Ren this morning, senior global equity strategist over at Wells Fargo Investment Institute. Talk about what the new year may bring. Scott, good to see you.>> Hey, Carl. >> I know you're also looking for better GDP and accelerating earnings, but can you get moderating inflation along with that. >> I, you know, I think you can, Carl.And, and you know, we've got a 2.8% number out there next year for CPI, so that's you know, and that's not pretty much in line with where we are right n ...

Stocks have moved mostly higher during trading on Monday, extending the strong upward move seen over the two previous sessions. The major averages have all moved to the upside after turning in a mixed performance last week.Currently, the major averages are off their highs of the session but still in positive territory. The Dow is up 192.44 points or 0.4 percent at 48,327.33, the Nasdaq is up 92.70 points or 0.4 percent at 23,400.32 and the S&P 500 is up 30.46 points or 0.5 percent at 6,864.96.The continue ...

San Francisco, California-based Wells Fargo & Company (WFC) is a leading financial services firm with a broad footprint across consumer and commercial banking, lending, and wealth and investment management. With a market cap of $292 billion, the bank serves millions of customers through its extensive branch network and digital platforms, with core businesses spanning retail banking, mortgages, credit cards, corporate banking, and advisory services. The financial sector giant is expected to release its fo ...

Core Viewpoint - Wells Fargo & Co. is facing a lawsuit from a former manager, Joseph Bruno, who alleges he was terminated for advocating for a more diverse workforce and opposing the practice of conducting interviews with minority candidates for positions that were already filled [1][2]. Group 1: Allegations and Lawsuit Details - Joseph Bruno claims he attempted for years to persuade Wells Fargo executives to adhere to the company's diversity and inclusion goals, but faced resistance [1][4]. - Bruno was the first to publicly allege in 2022 that Wells Fargo conducted sham interviews of minority candidates to create an appearance of diversity efforts, leading to a criminal investigation by the US Department of Justice, which was later closed without charges [2][6]. - The lawsuit includes allegations of discrimination and retaliation in violation of federal civil rights law, with Bruno seeking unspecified monetary damages [6]. Group 2: Employment History and Termination - Bruno, who rose to the position of regional manager overseeing 14 branches, claims he was criticized for his efforts to hire more minority applicants and was ultimately fired in 2021 [3][4]. - The bank accused Bruno of retaliating against an employee who alleged he favored Black applicants, which Bruno disputes as defamatory [4][6]. - Bruno faced criticism from a regional president for not adequately defending CEO Charles Scharf against accusations of racism following a controversial Zoom meeting [5]. Group 3: Bank's Response - Wells Fargo has not provided immediate comments on the lawsuit but has previously labeled Bruno's claims as baseless, asserting that any fake interviews were not widespread [3][6]. - The bank attempted to compel Bruno into closed-door arbitration, but the Financial Industry Regulatory Authority allowed him to pursue his claims in open court [6].

美国第二大银行——美国银行(BAC.US)——的股价在12月创下历史新高，终于超过了其在2006年、金 融危机前达到的峰值。美国规模最大的摩根大通(JPM.US)以及第四大的富国银行(WFC.US)的股价目前 也都处在历史高位。花旗集团(C.US)的股价则在七年来首次超过其每股账面价值，但仍较其2000年的历 史峰值低约80%。 一项追踪这些银行及美国另外20家最大放贷机构的关键指数——KBW银行指数(BKX)——今年迄今已 上涨29%，跑赢标普500指数13个百分点。富国银行分析师迈克.梅奥(Mike Mayo)表示："这无疑比我们 年初预期的上涨空间更大。"他补充称："大型银行在2026年将再次跑赢大盘。" 美国最大的银行正在以强势姿态结束2025年——股价创下历史新高，资产负债表规模更大，同时享有过 去15年来前所未有的监管自由度。在未来几年里，这个行业及其头部机构计划把这股势头转化为一段持 续的增长故事。 与此同时，自2025年年初以来，摩根大通的市值已增加约2000亿美元，使其更接近成为全球首家市值达 到1万亿美元的银行。自2019年以来，摩根大通一直向投资者承诺，在整个经济周期中实现17%的 RO ...

Core Insights - The article highlights seven bank stocks to watch, including JPMorgan Chase & Co., Bank of America, Citigroup, Wells Fargo & Company, Charles Schwab, U.S. Bancorp, and Bank of New York Mellon, which have shown the highest dollar trading volume recently [2] Group 1: Company Overviews - JPMorgan Chase & Co. is a financial holding company providing investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management, operating through segments like Consumer and Community Banking, Commercial and Investment Bank, Asset and Wealth Management, and Corporate [3] - Bank of America Corporation offers banking and financial products for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments, operating in segments such as Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets [4] - Citigroup Inc. is a diversified financial service holding company providing various financial products and services globally, operating through segments including Services, Markets, Banking, U.S. Personal Banking, and Wealth [5] - Wells Fargo & Company is a diversified financial services company offering banking, insurance, investments, mortgage, and finance products, operating through segments like Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management [6] - Charles Schwab Corporation operates as a savings and loan holding company providing wealth management, securities brokerage, banking, asset management, custody, and financial advisory services, with segments including Investor Services and Advisor Services [7] - U.S. Bancorp provides various financial services to individuals, businesses, and governmental entities, operating through segments such as Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support [8] - Bank of New York Mellon Corporation offers a range of financial products and services, operating through segments like Securities Services, Market and Wealth Services, and Investment and Wealth Management [9]

Market Overview - Stocks experienced an upward trend, primarily driven by a rebound in Big Tech, with Nvidia's stock rising nearly 3% as it trades at 25 times forward earnings, placing it in the eleventh percentile of valuation over the past decade, indicating a favorable valuation for the AI chip leader [1] - The semiconductor sector saw a broad rally, with companies like Broadcom, AMD, and Micron also experiencing significant gains [1] Company Highlights - Nike's shares fell by 9.5% following the release of solid earnings results but disappointing guidance [1] - Wells Fargo, under CEO Charlie Scharf, improved its position in the U.S. M&A league table, moving from No. 14 to No. 7, advising on notable deals such as Netflix's bid for Warner Brothers and Union Pacific's bid for Norfolk Southern [1] - Capital One's price target was raised from $250 to $270, while its rating was downgraded to a 2, and Goldman Sachs' price target increased from $850 to $925, along with Wells Fargo's price target rising from $90 to $96 [1] Aerospace Sector - Boeing's shares increased by 2.6% after JPMorgan reiterated it as a top pick, raising its price target from $240 to $245, suggesting a 15% upside from its current price of $213 per share [1] - Analysts believe Boeing's growth strategy is straightforward: to build and deliver more planes, with expectations of cash flow reaching at least $10 billion by the end of the decade [1] - Boeing is viewed as a "long-term idea" due to the strength in travel [1] Additional Stocks - Other stocks mentioned in the rapid-fire segment included FedEx, Conagra Brands, KB Home, Oracle, and CoreWeave [1]

Financial Sector Performance - The financial sector has shown strong performance in 2025, with the XLF gaining 13% this year and over 65% in the last three years [1] - Major banks such as JP Morgan, Bank of America, Wells Fargo, and Goldman Sachs have reached new all-time highs in December [1] Outlook for 2026 - There is optimism that the strength in financials could continue into 2026, particularly if the Federal Reserve maintains an accommodative rate policy [2][3] - Lower interest rates are expected to stimulate mortgage activity, benefiting both large and regional banks [3][4] Impact of Interest Rates - Lower rates are anticipated to increase mortgage refinancing and purchasing activity, which in turn supports ancillary businesses related to home ownership [4][5] - The current environment may not encourage savings in money markets, but there remains a significant amount of capital in money markets that could rotate back into equities [6] Regional vs. Large Banks - Regional banks are more vulnerable to issues in commercial real estate, which is a significant concern due to the resetting of loans issued before 2020 at higher rates [7][8] - Large banks are better positioned to withstand potential challenges in 2026 compared to regional banks [9] Technological Adaptation - There is a call for banks to invest in decentralized finance technologies, such as blockchain and stable coins, to remain competitive in the future [10][11] - The shift towards decentralized finance is seen as a long-term trend that banks need to prepare for now [11]

Get ready. We got seven minutes before uh the final bell for the week. I'm thinking, man, we're getting close to the final bell for the year.Is >> that something. >> It happened. Uh but we got a mad dash.Talk a little Wells Fargo. >> Something we talked about earlier this week. There's a change in Wells Fargo.This was a bank that we said they were around the table, the kitchen table. Now they're around the table, the deal table. Well, David, you have said over and over again, you've seen the names of the pe ...

Core Insights - US core inflation unexpectedly eased to a four-year low, raising questions among economists about the reliability of the data due to a prior government shutdown [8][14] - ByteDance has signed an agreement to establish a joint venture in the US with majority ownership by American investors [8][14] Market Performance - The A-share market opened lower but closed higher, with the Shanghai Composite Index up 0.16% at 3876.37 points, while the Shenzhen Component fell 1.29% and the ChiNext Index dropped 2.17% [1] - The Hong Kong market also saw fluctuations, with the Hang Seng Index closing up 0.12% at 25498.13 points, while the Hang Seng Tech Index fell 0.73% [1][5] Economic Indicators - The US core Consumer Price Index (CPI) rose by 2.6% year-on-year in November, while the overall CPI increased by 2.7% [14] - The report indicated that core CPI only increased by 0.2% over the last two months, with declines in hotel, leisure, and clothing prices limiting the overall increase [14] Corporate Developments - TikTok announced the establishment of a joint venture with US investors, which will operate independently and manage US data protection and algorithm security [8][14] - China has reportedly ordered 7 million tons of US soybeans, achieving over half of the procurement target set during the Trump administration [8][14]