|Bid||25.93 x 3000|
|Ask||25.97 x 2200|
|Day's Range||25.90 - 25.97|
|52 Week Range||20.90 - 26.53|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||5.58|
|Forward Dividend & Yield||1.38 (5.30%)|
|1y Target Est||N/A|
It's a painful reminder that the Bay Area's high cost of doing business makes the region unappealing for call center jobs.
Most retirees rely on retirement income they didn’t personally put away for their futures, although they did work for it. Young adults won’t have that luxury, and they know it, a recent survey found. All but 5% of current retirees consider Social Security and a pension plan as their primary sources of retirement income, according to a Wells Fargo (WFC) survey released Friday.
A surge in U.S. mortgage applications has left Bank of America Corp, Wells Fargo & Co and other large banks scrambling to meet demand, leading to longer closing times and unhappy customers. The industry has faced an unexpected swell of demand since the U.S. Federal Reserve began cutting interest rates in July, bankers and industry analysts said. Bank of America, one of the largest U.S. mortgage originators, now takes 41 days, on average, to close a purchase loan, a person familiar with the matter said.
Nearly 450 attendees gathered Thursday night in uptown to celebrate the best Charlotte-area development projects in commercial real estate during the past year and the players behind them — as well as our Pillar Award recipient.
(Bloomberg) -- Chime, an online banking startup with more than 5 million customers, has been suffering an outage for much of past 24 hours that has left customers without access to their money. The startup blamed the disruption on an unspecified issue with a payments processor and said data was not at risk. The outage took down not only the company’s website and apps, but also temporarily shut off customers’ debit cards, prompting an outpouring of complaints on Twitter. The card services have since been restored.The downtime comes as the digital bank has been growing quickly—the number of customers has almost doubled since March, to about 5 million. Chime is also in the process of raising a new funding round that could value it at more than $5 billion. A person familiar with the matter who asked not to be identified discussing private details said that the outage does not appear to have had an impact on the fundraising talks.“We know our members trust us with their banking needs and our teams are working diligently to fully restore the mobile app,’’ Chime Chief Executive Officer Chris Britt told Bloomberg. “In the interim, we’ve been proactively communicating real-time updates with our members.”San Francisco-based Chime is part of a growing digital banking sector that has seen rising interest from customers and global investors in recent years. Chime’s target market, according to the company, is a younger demographic whose income ranges from $35,000 to $70,000 a year and who are frustrated by the fees charged by larger brick and mortar banks. It’s a group that may be more likely to trust a startup with their money.The downtime this week is not the only problem customers have encountered as banking moves increasingly online. Wells Fargo & Co. experienced a major systems outage in February that prevented many customers from accessing their accounts. “Our payment processor has been experiencing issues today, resulting in our app + website being down,” Chime said in a tweet on Thursday. “We can assure you all account information remains secure, and no personal or financial data is at risk.”(Adds details on card services in second paragraph.)To contact the author of this story: Julie Verhage in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Anne VanderMey at email@example.com, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The bank is not as good of a business as Apple, but I do think the stock is at a level that will meet my own investment hurdle rate going forward with a limited amount of risk Continue reading...
Wells Fargo & Co.'s third-quarter earnings were lower than expected as the San Francisco-based bank continues to grapple with the fallout from a three-year-old fake accounts scandal.
JPMorgan earnings easily beat Q3 views, while Goldman Sachs earnings missed. Citigroup and Wells Fargo earnings were mixed. JPMorgan stock and Citigroup stock rose into a buy zone.
Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing. JPMorgan Chase & Co posted strength across all but one of its segments, and executives offered optimistic comments about the financial health of individuals. Citigroup beat estimates thanks to its global consumer business.
Investing.com – Wells Fargo (NYSE:WFC) posted third-quarter earnings that fell short of expectations, but sentiment on the bank received a boost after management in a post-earnings call delivered a more somber outlook on net interest income.
Wells Fargo stock dipped in early morning trading after the bank’s earnings came in below expectations, but its revenue was slightly higher than consensus. (WFC) stock (ticker: WFC) slipped 0.8% in Tuesday morning trading. Wells’ per-share earnings took a net hit of 15 cents when accounting for litigation costs and the sale of its retirement and trust business.
Earnings from JPMorgan, J&J; and United Health lifted the Dow Jones today, as stocks powered into the start of the Q3 reporting season.
If you’re wondering whether environmental, social and governance (ESG) investing is taking off, consider this: the term ESG was used during 100% more S&P 500 corporate earnings calls in the second quarter of 2019 compared with the first quarter, according to FactSet. And while the actual number of mentions was only 24 (compared with 12 in the prior quarter), if the pace of change continues, by mid-2020 roughly 20% of calls will proactively cite nonfinancial, ESG data. Bank of America Merrill Lynch recently predicted that up to another $20 trillion could be invested in ESG funds over the next three decades.
Stocks rose Tuesday as some of the first major corporate names began delivering third-quarter results. Meanwhile, investors continued to monitor signs that President Donald Trump’s “phase one” trade deal with China would materialize.
JPMorgan Chase & Co. (NYSE: JPM ) shares were trading higher Tuesday after the bank posted third-quarter EPS of $2.68, beating the $2.45 Street estimate, and sales of $29.3 billion, which topped the analyst ...
Low interest rates and the reputational impact of the fake accounts scandal continue to constrain growth at the bank. Its large lending portfolio is particularly sensitive to falling rates, and net interest income fell by almost $1bn from last year’s third quarter, to $11.6 billion — short of analysts target of $11.8bn. The bank newly appointed chief executive, former Bank of New York Mellon chief executive Charles Scharf, has not yet assumed the role.
Wells Fargo & Co.'s earnings took a hit in the third quarter, as net income dropped by 23% year over year.
Wells Fargo must offer 66 jobs to female and African American applicants that it rejected back in 2014 after the labor department found they were discriminated against by the bank. Yahoo Finance’s Dan Roberts, Heidi Chung and Kristen Myers discuss on YFi AM.