Mortgage lender cuts 73 jobs after parent company acquires national homebuilder
Published . Updated .
This report is about banks and real estate.
Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR
Financial Select Sector SPDR: it holds banks. Linked by “lender” (banks) in this story.
- KRE SPDR S&P Regional Banking ETF
SPDR S&P Regional Banking ETF: it holds banks. Linked by “lender” (banks) in this story.
- XLRE Real Estate Select Sector SPDR
Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.
- JPM JPMorgan Chase
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story.
- BAC Bank of America
Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story.
- WFC Wells Fargo
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story.
- C Citigroup
Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story.
- PLD Prologis
Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLF | -0.87% | -0.73% | base | +1.79% | after close | after close | after close |
| KRE | +0.93% | +0.14% | base | +2.36% | after close | after close | after close |
| XLRE | -0.86% | -2.42% | base | +1.11% | after close | after close | after close |
| JPM | -0.92% | +0.67% | base | +1.05% | after close | after close | after close |
| BAC | +1.08% | +1.74% | base | -0.89% | after close | after close | after close |
| WFC | -0.93% | +0.36% | base | +2.96% | after close | after close | after close |
| C | -1.29% | +1.22% | base | +0.69% | after close | after close | after close |
| PLD | -1.36% | -2.14% | base | +1.29% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Mortgage lender cuts 73 jobs after parent company acquires national homebuilder The Business Journals
Source: The Business Journals
Wells Fargo (WFC) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | -0.89% | final price |
| Bank Of America (BAC) | three days earlier | +1.74% | final price |
| Bank Of America (BAC) | five days earlier | +1.08% | final price |
| Citigroup (C) | that day | +0.69% | final price |
| Citigroup (C) | three days earlier | +1.22% | final price |
| Citigroup (C) | five days earlier | -1.29% | final price |
| Jpmorgan Chase (JPM) | that day | +1.05% | final price |
| Jpmorgan Chase (JPM) | three days earlier | +0.67% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -0.92% | final price |
| Spdr Series Trust (KRE) | that day | +2.36% | final price |
| Spdr Series Trust (KRE) | three days earlier | +0.14% | final price |
| Spdr Series Trust (KRE) | five days earlier | +0.93% | final price |
| Prologis (PLD) | that day | +1.29% | final price |
| Prologis (PLD) | three days earlier | -2.14% | final price |
| Prologis (PLD) | five days earlier | -1.36% | final price |
| Wells Fargo (WFC) | that day | +2.96% | final price |
| Wells Fargo (WFC) | three days earlier | +0.36% | final price |
| Wells Fargo (WFC) | five days earlier | -0.93% | final price |
| Select Sector Spdr Tr (XLF) | that day | +1.79% | final price |
| Select Sector Spdr Tr (XLF) | three days earlier | -0.73% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -0.87% | final price |
| Select Sector Spdr Tr (XLRE) | that day | +1.11% | final price |
| Select Sector Spdr Tr (XLRE) | three days earlier | -2.42% | final price |
| Select Sector Spdr Tr (XLRE) | five days earlier | -0.86% | final price |
Congressional trades in the stocks in this story
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 59 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 59 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 67 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 70 days before publication. Filed 16 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 38 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $15,001 - $50,000 on 17 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 48 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Citigroup (C), worth $1,001 - $15,000 on 24 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Citigroup (C) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. David J. Taylor bought Prologis (PLD), worth $1,001 - $15,000 on 15 Oct 2026. That is 18 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 38 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Wells Fargo (WFC)
Companies mentioned with this story
- WFC Wells Fargo
Wells Fargo (WFC) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Mortgage lender cuts 73 jobs after parent company acquires national homebuilder.” Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story
- C Citigroup
In “Mortgage lender cuts 73 jobs after parent company acquires national homebuilder,” Citigroup (C) is linked, with no stored direction, medium confidence. Reason on file: Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story
- PLD Prologis
In “Mortgage lender cuts 73 jobs after parent company acquires national homebuilder,” Prologis (PLD) is linked, with no stored direction, medium confidence. Reason on file: Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story
- XLF Select Sector Spdr Tr
In “Mortgage lender cuts 73 jobs after parent company acquires national homebuilder,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “lender” (banks) in this story
- KRE Spdr Series Trust
For “Mortgage lender cuts 73 jobs after parent company acquires national homebuilder,” Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Regional Banking ETF: it holds banks. Linked by “lender” (banks) in this story
- XLRE Select Sector Spdr Tr
For “Mortgage lender cuts 73 jobs after parent company acquires national homebuilder,” Select Sector Spdr Tr (XLRE) is linked, with no stored direction, medium confidence. Reason on file: Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story
- JPM Jpmorgan Chase
For “Mortgage lender cuts 73 jobs after parent company acquires national homebuilder,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story
- BAC Bank Of America
For “Mortgage lender cuts 73 jobs after parent company acquires national homebuilder,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story
Wells Fargo (WFC)
Wells Fargo (WFC) is the company in “Mortgage lender cuts 73 jobs after parent company acquires national homebuilder,” the 2 Nov 2026 this story story.
The link for Wells Fargo (WFC) is this: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story
A second company, Citigroup (C), is listed for a different reason: Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “lender” (banks) in this story
The price range for Wells Fargo (WFC), and the dates in the story
C traded between 119.98 and 133.43 across 20 sessions. The latest close on file is 122.64. PLD traded between 123.44 and 134.88 across 20 sessions. The latest close on file is 128.02. WFC traded between 78.04 and 85.48 across 20 sessions. The latest close on file is 83.43.
What the saved facts support for Wells Fargo (WFC)
46 out of 100
“Mortgage lender cuts 73 jobs after parent company acquires national homebuilder” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.