“The Fed is not really giving enough credence to the idea that tighter credit means things weaken in a fairly quick manner,” Wells Fargo’s Mike Schumacher says.
Wells Fargo Securities’ Michael Schumacher believes Fed policy is working against equity investors regardless of this week’s inflation data outcome.
Wells Fargo on Tuesday said it expects Walt Disney (DIS) to “come out swinging” when the entertainment conglomerate reports fiscal first-quarter results.
It’s the latest, and perhaps most significant, strategic shift that CEO Charlie Scharf has undertaken since joining Wells Fargo in late 2019.
There were some noteworthy updates on Wells Fargo (WFC), Ford (F) and Apple (APPL) on Wednesday. Here are the headlines and our take, too.
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