Oil price shocks are affecting the earnings of major financial institutions including Wells Fargo, Bank of America, Citigroup, and Goldman Sachs.

The entities involved

• Wells Fargo →

  American multinational banking and financial services company

  • Wells Fargo upgraded Sweetgreen stock to overweight from equal weight on September 28, 2026.Mon 16:33
  • Capital Research Global Investors acquired and increased its stake in Wells Fargo stock on June 19, 2026.Mon 16:28
• Bank of America →

  American multinational banking and financial services corporation

  • Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America are competing in the global investment banking sector.Mon 17:24
  • Both Bank of America and Deloitte have addressed current treasury management trends.Mon 14:26
• Goldman Sachs →

  American investment bank

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Rohit Bhansali was appointed Vice President of Software Engineering.Mon 17:13

Related events

• Banks monitor Fed rate hike speculation amid concerns over a US blockade reviving energy shock concerns.Jul 14
• Fed actions are being evaluated by Wells Fargo analysts amid rising oil prices fueled by Middle East tensions.Jul 21
• Iran conflict drives oil price shocks, leading to financial institutions like Bank of America analyzing gold equities and the impact on Fed policy.Jun 24