Wells Fargo earnings set pace for rest of the market

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Investments Lending Servicing KBW: What Wells Fargo, Chase 4th quarter results mean for the rest of the industry A deeper dive at the big banks’ mortgage banking earnings

In earnings, Halliburton surged 9.2% after the oil field service company exceeded consensus profit estimates, citing positive international growth. Market participants will digest corporate earnings results from more than 25% of the S&P 500 this week, including closely watched FAANG cohorts Amazon, Facebook, and Google parent Alphabet.

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Fifteen of the 18 largest banks on Wall Street will report their second quarter earnings this week, with JPMorgan Chase, Bank.

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Wells Fargo’s 4Q15 earnings were higher than estimates, aided by the company’s lower expenses. WFC’s earnings per share came in at $1.03.

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Goldman follows at 7:30 am, with Street forecasts set at $5.03 per share on revenues of $8.88 billion while Wells Fargo analysts are looking for earnings of 41.10 per she on revenues of $21.6 billion.

 · Wells Fargo & Co (WFC) Stock Is a Hidden Gem Among Financials With everyone focused on Bank of America, WFC stock may be a sleeper hit By Joseph Hargett , InvestorPlace.

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Shares of Wells fargo fell 1.1%, even after the bank reported second-quarter earnings and revenue that surpassed analyst forecasts. Facebook Inc. FB, -0.47% will be in focus as executives from the.

KBW said that JPMorgan and Wells Fargo’s higher than expected origination volume compared to the shrinking application pipeline, especially at Wells Fargo, provides insight into what to expect for the.

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Wells Fargo had a first quarter effective rate of 18.8%, compared to a projection of 19% for the full year. Citigroup’s first quarter effective tax rate was 23.7%, lower than the 25% the bank said it.