Wells Fargo (WFC) intends to end a flashy credit-card partnership with Bilt that allows users to earn rewards points for charging their rent, the Wall Street Journal’s AnnaMaria Andriotis and Gina Heeb report. The collaboration had been set to end in 2029, but the bank opted to exit early after it became a money-losing endeavor, the authors say, citing people familiar with the matter.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFC:
- Wells Fargo price target raised to $83 from $73.50 at JPMorgan
- U.S. Bank Stocks Rally on Trump-Driven Market Volatility Ahead of Q2 Earnings
- Wells Fargo price target raised to $86 from $83 at Truist
- Wells Fargo price target raised to $88 from $80 at Keefe Bruyette
- Mixed options sentiment in Wells Fargo with shares down 0.83%