We’re hiking our Wells Fargo price target after the stock surged on earnings

Editor's note: Check back shortly for a full look at our earnings analysis. Wells Fargo extended its recent winning streak to six straight sessions Friday despite missed expectations on third-quarter revenue. Investors focused instead on the bank running leaner and generating better-than-expected profitability. Total revenue for the three months...

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We’re adding a new Bullpen stock, and it’s a financial Cramer has had his eye on

Jim Cramer has been considering a potential investment in BlackRock, the world's largest asset manager, and we're now adding it to our Bullpen stocks-to-watch list. The news BlackRock shares surged to a record high Friday after the firm posted third-quarter earnings that crushed analysts' expectations, yet again. Management also...

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Wells Fargo WFC Q3 2024 earnings

Wells Fargo on Friday reported third-quarter earnings that exceeded Wall Street expectations, causing its shares to rise. Here's what the bank did compared with Wall Street estimates, based on a survey of analysts by LSEG:Adjusted earnings per share: $1.52 vs. $1.28 expectedRevenue: $20.37 billion versus $20.42 billion expectedShares of the bank...

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JPMorgan Chase (JPM) earnings Q3 2024

CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Lucovic Marin | Getty ImagesJPMorgan Chase is scheduled to report third-quarter earnings before the opening...

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Banks aren’t in the clear just yet

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom BrennerTom Brenner | ReutersFalling interest rates are usually good news for banks, especially when the cuts aren't a...

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Delta Air Lines (DAL) 3Q 2024 earnings

A Delta aircraft at the airline's hangar in AtlantaLeslie Josephs/CNBCDelta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street...

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PepsiCo (PEP) Q3 2024 earnings

A truck with Pepsi logo on a semitrailer is seen at Interstate 95 highway in Maryland, United States, on October 21, 2022.Beata Zawrzel | Nurphoto | Getty ImagesPepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales.Shares of the company fell...

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