In January, total home sales came in at 4.7 million. That level is “only modestly above the weak rate experienced in the wake of the Great Recession between 2008 and 2010,” Wells Fargo, $WFC, has said.

Wells Fargo, $WFC, says home sales aren’t far off from levels seen in the wake of the Great Recession

"A newly released memo from Wells Fargo, $WFC, outlines a plan dismantle the USPS: sell off profitable parts, slash union jobs, and raise prices by up to 140 percent," per the Jacobin

This is unusual. The Consumer Financial Protection Bureau has dropped its lawsuit filed in December against JPMorgan, $JJPM, Wells Fargo, $WFC, and Bank of America, $BAC, over their handling of the payment service Zelle. They were alleged to have failed to protect consumers from fraud costing hundreds of millions of dollars.

MORNING BID 🔸 $CVGW: Q4 EPS 5c vs. -2c last year; revenue up 19.5% to $170M vs. $161.93M est.; adj EBITDA $6.7M. 🔸 $GM: Multi-year deal with Vianode for synthetic graphite for EV batteries. 🔸 $TSLA: SEC sues Elon Musk for late disclosure of Twitter stake in 2022. 🔸 $VAL, $RIG, $NE, $HP, $SLB, $NOV: Downgraded to In Line from Outperform by Evercore/ISI. 🔸 $Oil Market: IEA reports 2025 oil surplus at 725k b/d, down from 950k b/d. 🔸 $Aluminum: Prices up slightly; EU eyes import limits from Russia, China's growth slows. 🔸 $PKE: Q3 EPS $0.08, sales $14.4M. 🔸 $BK: Q4 adj EPS $1.72 vs. $1.56 est.; AUM $2T; fee revenue +9% to $3.51B; net interest +8% to $1.19B; AUC/A $52.1T, up 9%. 🔸 $BHLB: Files for offering of up to 3.45M shares. 🔸 $BLK: Q4 adj EPS $11.93 vs. $11.22 est.; revenue +23% to $5.68B; AUM record $11.55T; operating margin 45.5%; $281B inflows Q4. 🔸 $DFS: Charge-off rate 2.55%, delinquency rate 1.76% at Dec 2024. 🔸 $JPM: Q4 EPS $4.81 vs. $4.04 est.; revenue $42.8B; charge-offs 1.63%, delinquencies 0.84%; FICC trading $5.01B vs. $4.37B est.; credit loss $2.63B; ROE 17%, ROTCE 21%; $486B inflows 2024. 🔸 $WFC: Q4 EPS $1.43 vs. $1.35 est.; net interest $11.84B; revenue $20.38B; commercial banking $3.17B, investment banking $4.61B, wealth management $3.96B. 🔸 $KROS: Paused dosing in TROPOS trial for pulmonary hypertension due to pericardial effusion concerns in safety review. 🔸 $VCEL: Lowers FY24 revenue forecast to $237M-$237.5M from $238M-$242M; raises gross margin to 72.5%; maintains EBITDA margin at 22%; Q4 revenue expected at $75.2M-$75.7M, under consensus. 🔸 $APLD: Q2 adj EPS ($0.06) vs. ($0.15) est.; EBITDA $21.4M vs. $19.68M est.; revenue $63.9M; cloud services +523% to $27.7M. 🔸 $PI: Maintains Q4 revenue and EBITDA guidance; expects EBITDA $13.6M-$15.1M, revenue $91M-$94M. 🔸 $LRCX: Downgraded to Peer Perform from Outperform by Wolfe Research. 🔸 $LASR: Q4 revenue forecast $46M-$48M, below $52M est.; lower than expected margins and EBITDA. 🔸 $MGNI: Expands partnership with Samsung Ads for programmatic ads in Southeast Asia. 🔸 $S: Downgraded to Neutral from Buy by UBS. 🔸 U.S. Policy: New regulations planned to limit chip exports to China from TSMC, Samsung, and others.

$WFC RESULTS: Q4 🔸 Net interest income $11.84B, EST $11.7B 🔸 Revenue $20.38B, EST $20.59B 🔸 Commercial banking revenue $3.17B 🔸 Corporate and investment banking revenue $4.61B 🔸 Wealth & investment management total revenue $3.96B 🔸 EPS $1.43 🔸 Total average loans $906.4B 🔸 Efficiency ratio 68%, EST 64.9% 🔸 Mortgage banking non-interest income $294M, EST $278.3M 🔸 Net interest margin 2.7%, EST 2.67% 🔸 Total avg. deposits $1.35 trillion, EST $1.35 trillion 🔸 Return on assets 1.05% 🔸 Return on equity 11.7%, EST 11% 🔸 Common equity Tier 1 ratio 11.1%, EST 11.2% 🔸 Non-interest expenses $13.90B, EST $13.29B 🔸 Return on tangible common equity 13.9%, EST 13% 🔸 Consumer banking and lending total revenue $8.98B 🔸 Provision for credit losses $1.10B, EST $1.22B 🔸 Personnel expenses $9.07B, EST $8.66B

政策风向转变，市场也开始追捧和大力进军「合规」概念。理所当然的 RWA 领域 就因为合规被视为华尔街资金进入加密世界的首选赛道，成为当前牛市中的大热门风向🌬️ 除了一些老项目开始转型进军，还有什么一级 RWA 项目有参与机会👇 推荐 @CycleXTeam @CycleXTeam 是一个专注于现实世界资产（RWA）的交易平台，主要细分赛道在传统金融资产，支持代币化基金发行， 一级提供实时的RWA数据 ▶️参与机会： @CycleXTea 搞了第二季暴富者联盟计划，奖池10万U+代币，强烈推荐 🔗：https://t.co/4Y276snQvj 🎮玩法 ： 进入链接注册再每邀请一人就能开盲盒获取 $WFC 代币，最低质押 10U 就可以撸，支持多个链🚀 很简单， 好处是不卷也不P，门槛低 💰奖金池：10万USDT和1亿平台币 ⏰截止时间：12月28日 #RWA #CycleX

RWA赛道的毛 @CycleXTeam 现在可以参加它的暴富者联盟计划，明牌奖励10万的USDT和1亿的平台代币 非常的简单⬇️ 1️⃣点击链接进入注册，可以开一次神秘盒子 https://t.co/bxGiqeqKdh 2️⃣链接钱包，花10u买一次rwa产品，进行交互，可以获得开盒子的次数 目前推特没看到什么人推，感觉是个机会，毕竟这个赛道在特朗普上台后还是很有前景的，活动截止12月28日，还有15天可以撸。 u是活动结束就会发的,token等tge后可以领取，总的来说是个不错的活动。 发币应该很快。 #RWA #CycleX #BTC

$WFC - WELLS FARGO ASSET CAP LIKELY TO BE LIFTED NEXT YEAR, SOURCES SAY

$WFC RESULTS: Q3 🔸 Net interest income $11.69B, EST $11.88B 🔸 Revenue $20.37B, EST $20.41B, - EPS $1.42 🔸 Total average loans $910.3B 🔸 Total avg. deposits $1.34 trillion, EST $1.35 trillion 🔸 Return on equity 11.7%, EST 10.8% 🔸 Common equity Tier 1 ratio 11.3%, EST 11.2% 🔸 Non-interest expenses $13.07B, EST $13.19B 🔸 Return on tangible common equity 13.9%, EST 12.9% 🔸 Provision for credit losses $1.07B, EST $1.34B

#Upgrades - Oct 08, 2024 $AFRM: BTIG Upgrades to Buy from Neutral - PT $68 $CX: RBC Capital Upgrades to Sector Perform from Underperform - PT $6.50 (from $9) $HUM: Bernstein Upgrades to Outperform from Market Perform - PT $308 $SNCY: Wolfe Research Upgrades to Outperform from Peerperform - PT $14 $UFPI: Wedbush Upgrades to Outperform from Neutral - PT $155 (from $120) $UWMC: Barclays Upgrades to Equalweight from Underweight - PT $8 (from $6) $WAT: Jefferies Upgrades to Buy from Hold - PT $415 (from $355) $WFC: Wolfe Research Upgrades to Outperform from Peerperform - PT $65

#Upgrades - Sep 03, 2024 $BAC: Deutsche Bank Upgrades to Buy from Hold - PT $45 $WFC: Deutsche Bank Upgrades to Buy from Hold - PT $65 $DB: Barclays Upgrades to Overweight from Equalweight $V: Exane BNP Paribas Upgrades to Outperform from Neutral - PT $325 $BAK: Bradesco BBI Upgrades to Outperform from Neutral - PT $8.50 $XPEV: Macquarie Upgrades to Outperform from Neutral - PT $10 $KOF: Goldman Sachs Upgrades to Buy from Neutral - PT $113.70 (from $108.30) $ADSK: HSBC Upgrades to Buy from Hold - PT $299 (from $242) $IFF: Mizuho Upgrades to Outperform from Neutral - PT $120 (from $109) $RDFN: B.Riley Upgrades to Buy from Neutral - PT $13 (from $7.50) $NCNO: Raymond James Upgrades to Outperform from Market Perform - PT $38 $AAOI: Raymond James Upgrades to Outperform from Market Perform - PT $17 $MTB: JPMorgan Upgrades to Overweight from Neutral - PT $215 (from $183) $CPAY: Wolfe Research Upgrades to Peerperform from Underperform $ADSK: Goldman Sachs Upgrades to Neutral from Sell - PT $295 (from $225) $NTAP: Loop Capital Upgrades to Buy from Hold - PT $150 (from $121) $U: Morgan Stanley Upgrades to Overweight from Equalweight - PT $22 $FRGE: UBS Upgrades to Buy from Neutral - PT $3