Wells Fargo has shifted its focus from home mortgages to credit cards, which are increasingly popular for payments as well as lending.

Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.

In a report released yesterday, Mike Mayo from Wells Fargo maintained a Buy rating on JPMorgan Chase & Co. (JPM – Research Report). The

Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.

Stocks held onto a rally Wednesday as core U.S. consumer price inflation was cooler than expected in December and some of the nation’s largest banks issued better-than-expected quarterly earnings.These stocks were making moves on Wednesday:JPMorgan Chase was up 2% after the largest U.

JPM and WFC are preparing to release their Q4 earnings, with strong bullish momentum for JPM and cautionary signals for WFC. Analysts forecast positive results for JPM, while WFC may experience a minor pullback.

JPMorgan Chase & Co.'s Chief Executive Jamie Dimon said the U.S. economy remains "resilient" but he remains wary of inflation and uncertain geopolitics. "Unemployment remains relatively low, and consumer spending stayed healthy,

The financial giant has disgruntled workforce and has a potential unionization on its hands as it forces staff into the office five days a week.

Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." But he said executives "don't want to get ahead of ourselves."

Investors are awaiting earnings from Big Banks earnings this week, watching especially closely for guidance updates. Citi (C), JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) report on Wednesday.

After almost two years of inflation and high interest rates, Wells Fargo's Mid-Atlantic commercial banking head Tara Handforth is excited to turn the page to 2025.