|Bid||25.20 x 1200|
|Ask||25.28 x 900|
|Day's Range||25.23 - 25.23|
|52 Week Range||21.50 - 25.31|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||5.58|
|Forward Dividend & Yield||1.31 (5.20%)|
|1y Target Est||N/A|
Citigroup beat estimates with some help from its consumer cards business and a trading platform's IPO, but can other big banks rely on the same help in their earnings this week?
JPMorgan reported better-than-expected second-quarter earnings early Tuesday, helped by an income tax boost. Goldman Sachs and Wells Fargo also beat.
Despite not being allowed to grow in size and a challenging interest rate environment, Wells Fargo delivered a strong second quarter.
The San Francisco-based lender has had to work to gain back the trust of customers and investors after more than two years of fines and investigations into inappropriate sales practices. The bank has been leaning on cost controls to cope with sluggish revenue trends in the wake of the sales scandals that spread to each of its primary business segments and claimed two chief executives. Interim Chief Executive Officer Allen Parker said the bank had made progress in his second quarter in charge on its top priorities of focusing on customers and meeting the expectations of regulators.
San Francisco-based Wells Fargo & Co. exceeded analysts' expectations in its second-quarter earnings report released this morning.
Wells Fargo Securities downgraded the stocks of NASCAR's major speedway operators on Monday as the sport looks to rebound from years of declining interest.
Wells Fargo posted stronger-than-expected second quarter earnings Tuesday but a fall in non-performing assets failed to offset a slump in one of its key profit measurements.
Wells Fargo on Tuesday reported second-quarter revenues that were roughly flat and profits that exceeded Wall Street’s expectations. Second-quarter revenues were little changed from a year ago at $21.6bn, just ahead of analyst expectations for $20.9bn, according to a Refinitv survey of Wall Street analysts. its target for 2019 net interest income, citing the effect of a flattening yield curve on its ability to reinvest customer deposits at higher rates.
On Tuesday, July 16, Wells Fargo (NYSE: WFC ) will release its latest earnings report. Benzinga's outlook for Wells Fargo is included in the following report. Earnings and Revenue Wall Street analysts ...
While things have improved for the banking giant in 2019 after a string of recent scandals, the stock peaked at $52.42 on March 19.
Whether advancing LGBTQ equality or climbing Mount Kilimanjaro, BofA's Cathy Bessant has been up to the challenge. Will fixing Wells Fargo be next?
Wells Fargo & Co NYSE:WFCView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for WFC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting WFC. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.01 billion over the last one-month into ETFs that hold WFC are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. WFC credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Laura MacNeil is Wells Fargo's new Western Washington and Canada market executive and she's stepping into a role during a major transition for the bank's commercial business.
Learn the different roles that a broker-dealer can perform along with the top 15 broker-dealer firms in 2019 based on assets under management.
Wells Fargo & Co's Irish subsidiary was fined 5.9 million euros on Friday for a prolonged series of regulatory reporting breaches, the second largest fine ever handed down by Ireland's Central Bank. The Central Bank said Wells Fargo Bank International Unlimited Company admitted to five breaches from 2014 to 2019, including a failure to accurately report its capital position that revealed "serious and systemic weaknesses" in its reporting capability.
Ireland’s central bank has imposed a €5.9m fine on Wells Fargo for “particularly serious” compliance failures in its Dublin operation, the second-largest penalty ever levied by the Irish regulator. Wells’s governance and controls at its Dublin subsidiary, which services corporate customers throughout the EU, were so inadequate the company “did not detect its own non-compliance”, the central bank said in a statement. The failures reflected “poor compliance culture as it pertained to regulatory reporting”, said Seána Cunningham, the central bank’s director of enforcement.
Wells Fargo Advisors had the biggest punishment gap, according to the professors, who updated their study last year. Now comes an investigative report at The Intercept that adds detail to the professors’ findings.
Wells Fargo & Co. released new information on Friday about building its Strategic Execution and Operations Office — a move in response to regulatory backlash following multiple scandals at the San Francisco-based bank.