Wells Fargo (WFC) says activity has been very stable and very resilient across businesses; May debt and credit card spend +9% Y/Y, higher gas prices was a key driver

Newsquawk StaffPublished On the live feed at 11 more headlines followed before this page went public
Newsquawk headlinesUTC

Mastercard (MA) management says that recent leadership movements have not changed the co's strategy; adds that moves were framed as portfolio rotations to bring "fresh eyes", while maintaining the flow in core payments

Ally Financial (ALLY) says 2026 guidance implies another meaningful step-up in EPS and RoE, after EPS rose 62% Y/Y; adds that management confidence is rising in reaching a sustainable mid-teens return profile in the medium term

Wells Fargo (WFC) says activity has been very stable and very resilient across businesses; May debt and credit card spend +9% Y/Y, higher gas prices was a key driver

US ADP Employment Change Weekly 29K (Prev. 35.75K)

BP (BP/ LN) announces shake-up of corporate structure; simplifies into two main units, upstream and downstream

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • Credit performance is running a little better than we model each month across all portfolios, with that favourable trend continuing.
  • Sees opportunity in equity capital markets and advisory segments.
  • Continuing to see market share growth in investment banking.
  • "Very confident" in NII guidance for 2026.
  • Expects "step up" in NII in Q2.
  • Loan growth is performing well and will be a little bit better than what was modeled.
  • No changes to the expense guidance for 2026.

Related headlines

The whole workspace, free to try.

Try it free