Wells Fargo

Economics

Thawing Housing Market Not Yet Liquid Enough to Jump-Start Sales

Photo illustration by Connor Lin / The Daily Upside, Photos by AltoClassic via iStock and Freepik

Rejuvenating frozen US housing sales will require a strong job market and mortgage rates low enough to pique sellers’ interest in new homes.

4 min read

Photo by Bradley Andrews via Unsplash

Advisor Upside

Wealth and Asset Units for BlackRock, Goldman and More Shine in Q3

Pretty much all of Wall Street reported another quarter of stellar earnings this week.

2 min read
Photo via IPA/ABACA/Newscom

Banking

Goldman Sachs Leaves Rivals Vying for Silver, Bronze Medals in Dealmaking Matchup

The bank reported Tuesday that it made $2.6 billion in investment banking fees in the third quarter, a 42% year-over-year surge.

2 min read
Photo by Aiden Frazier via Unsplash

Real Estate

Feast or Fluke? US Home Sales Hit Highest in Almost Four Years

The roaring August demand put a serious dent in the glut of new homes on the market, with inventory falling to the lowest level this year.

2 min read

CIO Upside

Wells Fargo Patent Highlights Fatal Flaw in Deepfake Detection Models

Photo via U.S. Patent and Trademark Office

Synthetic content is becoming more realistic by the day. Can detection tech keep up?

1 min read

Advisor Upside

Where Are Cash Sweep Lawsuits Now?

Photo by Getty Images via Unsplash

Lawsuits have been filed against a laundry list of brokerages, including Wells Fargo, LPL and others.

2 min read

Photo via Kris Tripplaar/Sipa USA/Newscom

Blockchain

Fiserv Connecting Thousands of Banks to Crypto with New Stablecoin Platform

Financial institutions are racing to get into stablecoins as the Genius Act makes its way toward POTUS Trump’s desk.

2 min read
Photo via Gado Images/Smith Collection/Gado/Sipa USA/Newscom

Advisor Upside

Wells Fargo’s Hot on Energy, Financials. Not so Much on Consumers

The bank outlined where it intends to allocate investments over the next year and a half during a midyear outlook event.

2 min read
Photo by João Vincient Lewis via Unsplash

Banking

Unshackled Wells Fargo Fights to Regain Momentum Lost in Penalty Box

Wells Fargo shares rose over 2% early Wednesday, hitting a three-month high, after the Federal Reserve lifted its asset cap on the bank.

2 min read

Advisor Upside

LPL Soars on First Earnings Beat After Commonwealth Deal

Photo by Michael Vi via iStock

Shares of the country’s largest independent broker-dealer surged 13% over the past week.

2 min read

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