|Bid||26.68 x 800|
|Ask||26.75 x 1400|
|Day's Range||26.66 - 26.78|
|52 Week Range||25.00 - 27.15|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||6.58|
|Forward Dividend & Yield||1.41 (5.25%)|
|Ex-Dividend Date||Nov 26, 2019|
|1y Target Est||N/A|
Years of sustained private debt fundraising and the growth of credit funds have allowed direct lenders to offer loans that are increasingly growing larger in size. Known as unitranches, these facilities combine different loans into one, and pay an interest rate that sits in between the highest and lowest rate on the individual loans. As a borrowing tool in the middle market, unitranches had stayed below the US$300m mark.
Clothing and furnishing retailer Laura Ashley said on Wednesday it should be able to use funds from its existing working capital facility with Wells Fargo , its main banking lender, to meet immediate funding needs. The retailer said on Monday that recent movements in its stock and customer deposit levels had led to a reduction in the amount it can draw down under the working capital facility with Wells Fargo. Funding talks between Wells Fargo and MUI Asia Limited, Laura Ashley's majority shareholder, have concluded, the company said.
Notably, more Germantown projects are adding office space, giving a new dimension to a burst of construction that had been led by apartments and retail.
OBJ is doing a special online series of stories in celebration of Black History Month in which we asked Central Florida business leaders to share a poignant part of their story and the impact it had on their lives. Here, David Dawkins, director of diverse client segments at Wells Fargo Advisors, shares part of his story.
(WFC) is searching for a new wealth and investment management chief after it bumped Jon Weiss to a new position in charge of corporate and investment banking. The changes are part of a major business-line restructuring under relatively new CEO Charles Scharf. Speaking of Wells Fargo, it has ended forced arbitration for employees’ sexual harassment claims.
Wells Fargo & Co.'s Charlotte operations will likely see an influx of technology workers in the coming months.
Angel Buchanan knows how important it is to stand out in a crowded Central Florida banking market. The South Central Florida region bank president for Wells Fargo & Co. is one of two presidents in the market for the area's third-largest bank, with more than $7.47 billion in local deposits, according to Orlando Business Journal research. On the hiring front, Buchanan has targeted the creation of a diverse team, including military veterans, for which she had the second-highest hiring rate across the company.
Restructuring efforts and use of technology to enhance revenues have been the main themes for banks over the last five trading days amid concerns related to impact of Covid-19 virus globally.
This is the latest in the Series B round of funding for Elliptic, which saw $23 million pouring in earlier in funding led by Japanese banking giant SBI Holdings Inc. (OTC: SBHGF). Elliptic Discovery is a risk management solution for banks that lets them assess the risks associated with their customers trading in cryptocurrencies. Many of the institutions that earlier shied away from cryptocurrencies, either due to regulatory hurdles or due to the financial risks involved, are now looking towards adoption as Facebook Inc.'s (NASDAQ: FB) Libra cryptocurrency project started a storm last year that saw many central banks work on their own centralized version of digital currencies.
Wells Fargo & Co is planning to eliminate about 700 workers in Manila, Philippines, and move a portion of these roles to India that already houses nearly 12,000 tech employees, the U.S. bank's spokesman said on Thursday. The eliminations of the staff was earlier reported by Bloomberg, which also said the lender is telling about 650 of its tech workers in the United States that they will be required to relocate to a bigger market to keep their jobs.
Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer John Shrewsberry will present at the Credit Suisse 21st Annual Financial Services Forum in Key Biscayne, Florida, on Thursday, February 27, 2020, at 8:40 a.m. ET (5:40 a.m. PT).
The Business Journal spoke with Gary Pirri, Wells Fargo market executive for New England commercial banking, about how the middle market is faring in Boston.
Saying it has ‘zero tolerance’ for sexual harassment, the No. 4 U.S. bank says it will no longer force employees to resolve sexual harassment claims via the confidential process of arbitration.
Even companies without competitive advantages can thrive if they have strong management Continue reading...
The Philadelphia region’s largest deposit taker, which also employs more than 6,000 people locally, made the decision following a shareholder proposal from Clean Yield Asset Management which has since been withdrawn.