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WFC - Wells Fargo & Co News Story

$45.94 0.2  0.4%

Last Trade - 05/05/21

Large Cap
Market Cap £136.42bn
Enterprise Value £306.52bn
Revenue £52.35bn
Position in Universe 54th / 6846

BUZZ-Major U.S. banks follow broader market higher

Mon 5th April, 2021 2:26pm
** Shares of major U.S. banks rise premarket, tracking
broader market gains 
    ** JPMorgan & Chase  JPM.N , Citigroup  C.N , Goldman Sachs
 GS.N , Morgan Stanley  MS.N , Well Fargo & Co  WFC.N  and Bank
of America Corp  BAC.N  add between 1.2% and 1.6%
    ** U.S. stock index futures rose on strong jobs data, while
investors awaited a report on the services sector, with signals
that 2021 could see the best annual economic growth in nearly
four decades  .N 
    ** U.S. non-farm payrolls surged by 916,000 jobs in March,
data showed on Friday, well above a forecast of 647,000 by a
Reuters poll of economists  urn:newsml:reuters.com:*:nL1N2LU2L8
    ** However, the prospect of a return to full employment
levels has also raised concerns about the U.S. central bank's
pledge to keep interest rates low through 2023  urn:newsml:reuters.com:*:nL1N2LY06T
    ** U.S. stock index futures - Dow E-minis  1YMcv1 , S&P 500
E-minis  EScv1  and Nasdaq 100 E-minis  NQcv1  - were up between
0.7% and 0.8%


 (Reporting by Sohini Podder in Bengaluru)
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