Group 1 - The US banking industry is advocating for a prohibition on companies paying interest on stablecoin balances, which is causing delays in the legislative process for the Clarity Act in Congress [1][2][4] - A meeting hosted by the White House's crypto council included representatives from major banks and crypto trade associations, highlighting the industry's unified stance against interest payments on stablecoins [3] - The document shared among banks emphasizes limited exemptions to the prohibition and warns that allowing interest payments could lead to deposit flight, negatively impacting local lending [6][7] Group 2 - The American Bankers Association and other banking organizations issued a joint statement advocating for policies that support financial innovation while ensuring the safety of bank deposits [8]

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Wells Fargo is beginning to see the fruits of its efforts to revive growth in the consumer business, CFO Mike Santomassimo said Tuesday, and the bank expects better branch productivity to help fuel further growth this year.  The CFO, speaking at a UBS conference, highlighted how the San Francisco-based bank has been laying the groundwork for consumer deposit growth ...

Group 1 - The current economic environment is characterized by geopolitical uncertainty and tariff policy, but corporate sentiment remains positive due to deregulation and potential for lower interest rates [1] - Consumer spending is showing consistent year-on-year growth, with increases observed weekly across debit and credit categories, indicating strong overall economic growth [2] - Credit performance remains robust, with no signs of systemic deterioration in consumer or commercial portfolios, and delinquency rates are low [3]

Core Viewpoint - Wells Fargo anticipates growth in loans this year, focusing on credit cards and auto loans, while expecting a rebound in mortgage momentum after previous declines [1] Group 1: Loan Growth Expectations - The company expects loans to grow this year, driven primarily by credit card and auto loan segments [1] - Momentum in the mortgage sector is anticipated to pick up after experiencing declines over time [1]

What Folks Are Really Vibe Coding Today. (It’s Not Building Their Own Salesforce.) Anton Osika, the CEO of Lovable, just shared something really interesting — their top 4 actual use cases for vibe coding in businesses right now.Lovable is now the second-fastest growing software product among businesses on Ramp.These are the main use cases for Lovable in businesses right now:1/ Rapid prototyping without waiting on engineering2/ Building internal tools that actually match your process and needs3/… pic.twitte ...

Summary of Wells Fargo 2026 Conference Call Company Overview - **Company**: Wells Fargo (NYSE: WFC) - **Date**: February 10, 2026 Key Industry Insights - **Geopolitical and Economic Context**: The industry is experiencing a mix of geopolitical uncertainty and positive corporate sentiment, with deregulation and potential for lower rates influencing market dynamics [3][4] - **Consumer Spending**: Consumer spending is consistently increasing year-on-year, supporting strong economic growth. Credit performance remains robust with no signs of systemic deterioration in consumer or commercial portfolios [4][5] - **Commercial Banking**: There is a lack of significant investment cycle activity in commercial banking, with low utilization rates historically. However, credit performance and activity levels are strong [5][6] Company-Specific Insights - **Asset Cap Impact**: The lifting of the Asset Cap has allowed Wells Fargo to grow its balance sheet, particularly in areas like investment banking and markets business, which were previously constrained [7][8] - **Loan Growth Outlook**: The company anticipates mid-single-digit average loan growth for 2026, with a focus on card and auto lending. However, mortgage business is expected to remain flat [11][12][14] - **Investment Banking Strategy**: Wells Fargo aims to continue growing market share in investment banking by focusing on the right client coverage and product areas, having hired approximately 100 senior professionals in the investment bank [30][31][32] Financial Performance and Projections - **Market Revenue Growth**: The company expects overall markets revenue to grow year-over-year, with higher net interest income (NII) and potentially lower fees [45][46] - **Consumer Deposits**: New net checking account growth is expected to be stronger in 2025 compared to 2024, driven by improved marketing and digital capabilities [48][50] - **Card Business**: The profitability of the card business is expected to improve as new products mature, with strong credit performance and increasing spend levels [52][54] Growth Opportunities - **Wealth Management**: Wells Fargo is focusing on expanding its wealth management services, particularly through its Wells Fargo Premier channel, which targets clients with significant assets [66][68] - **Headcount Efficiency**: The company has reduced headcount significantly over the past few years and continues to seek efficiencies, including leveraging AI for operational improvements [75][76][80] - **M&A Strategy**: The company maintains a high bar for acquisitions, focusing on organic growth opportunities across its key businesses [84][86] Conclusion - **Future Outlook**: Wells Fargo is positioned for growth across all its business segments, having made significant investments in technology, talent, and product offerings. The company is optimistic about executing its growth strategy in the coming years [94][95][96]

Jody and Paul Glaser of Los Altos did what millions of Americans still do every year: they wrote a check for their property taxes and dropped it in a blue USPS mailbox outside the post office. Three months later, a delinquency notice arrived from Santa Clara County. Paul said he knew he'd paid — he'd seen the check clear. So they pulled up the check image online and saw someone else's name where the county tax collector's should have been. "Clearly, the check had been altered, and cashed by somebody els ...

富国银行将可口可乐目标价从79美元上调至87美元。 本文源自：金融界AI电报 ...

据报道，过去一周软件与服务类股票遭遇猛烈抛售，市值蒸发近1万亿美元。一些软件类指数在短短数 日内下跌超过15%。 在经历了科技股过去几年的大幅上涨之后，投资者如今对AI进入"拿业绩说话"阶段，开始严肃质疑其是 否能够成为企业长期盈利引擎。 与此同时，AI龙头股也承压。亚马逊在披露到2026年前将投入近2000亿美元资本开支后，股价下跌约 9%，其他科技巨头也公布了类似规模的投资计划。 这也正是桥水基金创始人瑞·达利欧在迪拜世界政府峰会上淡化近期金价回调的原因。他表示，黄金是 一种分散风险资产，在困难时期往往表现突出，而在繁荣时期相对平淡。 在这种背景下，富国银行上调金价目标就更容易理解，因为黄金并不依赖完美的业绩叙事。 主要机构最新目标金价： 富国银行投资研究院将2026年底的黄金价格目标上调至每盎司6100至6300美元，较此前预测的4500至 4700美元区间大幅提高。 按此计算，目标区间整体上调了1600美元，涨幅接近35%。 尽管近期黄金走势并非一路直线攀升，但与市场其他板块相比，整体情绪依然更具吸引力，尤其是在科 技股和AI股票大幅波动的背景下。 摩根大通：6300美元（2026年底） 瑞银集团：6 ...

Group 1: Gold Price Outlook - Wells Fargo has raised its year-end 2026 gold target to $6,100 to $6,300 per ounce, a significant increase from the previous target of $4,500 to $4,700, representing a $1,600 upward adjustment or nearly a 35% hike [1] - Current spot price of gold is approximately $4,961, indicating a potential upside of 23% to 27% based on Wells Fargo's new target [1] - Other financial institutions have also set their gold price targets for 2026, with J.P. Morgan at $6,300 (+27%), UBS at $6,200 (+25%), Deutsche Bank at $6,000 (+20.9%), and Goldman Sachs at $5,400 (+8.8%) [5] Group 2: Market Sentiment and Tech Sector - The market sentiment towards gold is contrasted by a significant selloff in tech and AI stocks, which has resulted in nearly $1 trillion lost in software and services stocks over the past week [2] - Investors are increasingly skeptical about AI as a long-term profit engine, with major AI stocks like Amazon experiencing a 9% decline after announcing nearly $200 billion in capital spending through 2026 [3] Group 3: Demand Factors for Gold - Central banks are acting as structural buyers of gold, which, along with geopolitical and policy uncertainties, strengthens the case for gold as a safe-haven investment [7] - The anticipated rate cuts in 2026 are expected to lower the opportunity cost of holding non-yielding assets like gold, further supporting its demand [8]