Wells Fargo & Co. Aktie News

Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an "unapologetically sexist" workplace.

New bond deals totaling about $28.5 billion were issued by four of the nation's six largest banks: JP Morgan Chase & Co. JPM, +1.82%, Wells Fargo & Co. WFC, +2.77%, Goldman Sachs Group Inc. GS, +0.45% and Morgan Stanley MS, +0.91%, according to Kenneth Jacques, head of U.S. credit at Informa Global Markets.

Sen. Mitch McConnell is buying a stock that was once one of Warren Buffett's favorites. McConnell has bought the stock every quarter for years.

First quarter earnings from the big banks are out, and the results, while mixed, were overall positive. The consensus view coming out of the Q1 prints is that the big U.S. banks are in good shape after two difficult years.

U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.

Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected quarterly results thanks to a resilient economy, strong consumer spending and a flurry of Wall Street activity.

One research firm sees more upside on Wells Fargo in the wake of the latest earnings report. Net interest income is expected to fall this year, but increased fee revenue should make up for it.

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