Wells Fargo’s equity research team believes markets may have reached a long-term bottom earlier this month, citing reduced investor panic and improving sentiment around tariff negotiations.

Wells Fargo is different than it was the last time it was a heavy buyer of CLOs. When the bank retreated in 2022, it was still subject to an asset cap imposed by the Fed, limiting its balance sheet.

Mixed Q1 Results. Wells Fargo’s Q1 figures were mixed. Net income grew by 6% year-over-year to $4.89 billion, while revenue decreased by 3%. Net interest income, a measure of the earnings from ...

Wells Fargo & Co. is ramping up buying top-rated collateralized loan obligations, after largely staying away from the $1.3 trillion market following interest rate hikes in 2022, according to ...

Wells Fargo & Co. has cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal.

Wells Fargo’s equity research team believes markets may have reached a long-term bottom. ... As part of its strategy update, Wells Fargo is upgrading the Utilities sector to overweight from ...