CrowdStrike Stock Falls on Weak Revenue Guidance; Wells Fargo Asset Cap Lifted

CrowdStrike's Financial Outlook

• 📉 CrowdStrike's shares are trading lower following the company's fiscal first-quarter earnings report.
• ⚠️ Costs, including sales, marketing, and R&D, rose partly due to a broad software outage last summer.
• 📊 The company issued a weaker-than-expected revenue forecast for the current quarter, despite adjusted earnings per share exceeding forecasts.
• 📈 Prior to this report, CrowdStrike shares had seen a significant increase, up 43% in 2025.

Wells Fargo's Regulatory Relief

• 🏦 Shares of Wells Fargo are up in pre-market trading after the Federal Reserve lifted a nearly $2 trillion asset cap imposed seven years ago.
• ⚖️ The Fed's previous action followed multiple missteps at Wells Fargo, including a scandal involving unauthorized account openings.
• ✅ The Fed stated that Wells Fargo has made substantial progress in addressing its issues.
• 🚀 Investors anticipate Wells Fargo will now expand its operations in areas such as credit cards, wealth management, and commercial banking.

Other Market News

• 🗣️ Elon Musk criticized President Trump's tax and spending bill, stating it would massively increase the US budget deficit.
• 📺 The segment also previews upcoming interviews with CrowdStrike CEO George Kurtz and Wells Fargo CEO Charlie Sharf.