Shares of Wells Fargo (NYSE:WFC) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved up to $45.0.
Looking at Q1, Wells Fargo (NYSE:WFC) earned $5.12 billion, a 55.12% increase from the preceding quarter. Wells Fargo also posted a total of $18.06 billion in sales, a 0.77% increase since Q4. Wells Fargo earned $3.30 billion, and sales totaled $17.93 billion in Q4.
U.S. indices continued higher Friday after President Joe Biden declared that the White House had struck an infrastructure deal with a bipartisan group of senators.
Investors also continue to weigh recent comments from Fed Chair Powell, who indicated inflationary pressures would abate.
Big U.S. banks got a vote of confidence from the Federal Reserve on Thursday when all 23 banks subject to the Fed’s annual stress test passed with flying colors.
Shares of Wells Fargo (NYSE:WFC) saw some unusual options activity on Thursday. Following the unusual option alert, the stock price moved up to $44.41.
Shares of banks and financial services companies, including Wells Fargo & Co (NYSE: WFC) and Bank of America Corp (NYSE: BAC), are trading lower Friday afternoon.
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That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.
Wells Fargo & Co (NYSE: WFC) and Bank of America Corp (NYSE: BAC) shares are trading lower by 1.2% and 0.9%, respectively, Thursday afternoon following worse-than-expected U.S. jobless figures and inflation data.