|Bid||25.57 x 800|
|Ask||25.60 x 1200|
|Day's Range||25.55 - 25.67|
|52 Week Range||22.76 - 25.98|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||5.67|
|Forward Dividend & Yield||1.41 (5.56%)|
|1y Target Est||N/A|
There's a big difference between a low stock price and a stock that's actually cheap. Here's how to tell the difference and add five prime cheap picks to your portfolio.
Warren Buffett and top hedge funds bought tech stocks like Amazon, Red Hat, Micron and Alibaba, and the "Oracle of Omaha" sold Wells Fargo, Southwest and Verizon.
Financial services software startup OpenFin has raised $17 million in a funding round led by Wells Fargo & Co with participation from Barclays , the company said on Thursday. Existing investors including JPMorgan Chase & Co, Bain Capital Ventures and Pivot Investment Partners, also participated in the round, the company said. OpenFin, which is headquartered in New York and London, will use the cash injection to accelerate sales efforts and for product development, it said.
Bob Bertges, director of the workplace strategies group at Wells Fargo & Co., has served as the top real estate executive there and at predecessor companies for 45 years, a career that's winding down with his retirement on May 31.
A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co's pick for its next chief executive, a development that could complicate the scandal-hit lender's efforts to find a permanent replacement for CEO Tim Sloan. Joseph Otting, the Comptroller of the Currency (OCC), told Congress he would use special legal powers that the regulator typically reserves for overseeing financially troubled lenders to review any proposed candidate. "At this point in time I do not have plans to release that information," Otting told Warren in a heated exchange.
The Office of the Comptroller of the Currency (OCC) will evaluate Wells Fargo's pick for its next chief executive, the regulator told Congress on Wednesday. Joseph Otting, the regulator's top official, said the agency would review the bank's pick, but that he did not plan to make those findings public. At a congressional hearing, Otting added that the OCC remains disappointed by the bank's efforts to address a range of scandals across its business lines.
The bank has almost every line of business in the Bay Area, including wealth management as well as lending to small and mid-sized companies and real estate investors.
Wells Fargo & Co NYSE:WFCView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low 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 | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding WFC totaled $7.91 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. WFC credit default swap spreads are rising towards above average levels for the past 3 years, which indicates the market's more negative 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.
Each of the five early-stage startups selected for the Wells Fargo Innovation Incubator's first agtech cohort will be awarded $250,000 in non-dilutive funding and be paired with Danforth Center scientists who will serve as principal investigators conducting research on the company’s behalf.
April Frazer took over as the head of global banks at Wells Fargo & Co. in late 2017. Earlier this year, that role expanded to the head of banks for corporate and investment banking.
Wells Fargo's CEO pay package has trailed peers in recent years in the aftermath of a wide-ranging sales practices scandal. Wells Fargo is also the smallest of the top four retail banks by assets. The board will likely pay the next CEO $15 million-$20 million a year, said Robin Ferracone, the chief executive of compensation consultancy Farient Advisors LLC. That compares with the $25 million that CEOs of top retail banks earned last year on average.
Wells Fargo's CEO pay package has trailed peers in recent years in the aftermath of a wide-ranging sales practices scandal. Wells Fargo is also the smallest of the top four retail banks by assets. The board will likely pay the next CEO $15 million-$20 million a year, said Robin Ferracone, the chief executive of compensation consultancy Farient Advisors LLC. That compares with the $25 million (19 million pounds) that CEOs of top retail banks earned last year on average.
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Learn more about Wells Fargo's main competition, three of the other big four banks in the United States: Citigroup, JPMorgan Chase and Bank of America.
Derek Flowers, who has been with the San Francisco-based bank for more than two decades, will become head of strategic execution and operations and will focus on the bank's regulatory priorities, said the memo, sent by interim chief executive Allen Parker on Wednesday. Parker has said he wants to "redouble" the bank's efforts to satisfy and exceed regulatory expectations.
Need a personal loan? You may stop by one of these big banks for help. Their offerings vary in size, rates and loan types, which means you have options.
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Derek Flowers, a two-decade veteran of the San Francisco-based lender, will become head of strategic execution and operations, according to a memo from Allen Parker, the bank’s acting chief executive, obtained by the Financial Times. Mr Flowers has been chief credit officer since 2013, monitoring the bank’s lending portfolio. In his new role, Mr Flowers will report directly to Mr Parker.
The United States will be able to survive a trade war with China with minimal impact on GDP in the short term, according to Wells Fargo senior economist Tim Quinlan.
A deep look at what value investing really is and how you can use this strategy to improve your returns and reduce your risk of permanent losses.
Murray, and people close to her, were contacted recently by representatives of Wells Fargo & Co. for the bank’s vacant CEO position, the newspaper reported Monday. Murray, 61, has also in recent years discussed potential roles at other firms including Uber Technologies Inc., MetLife Inc. and Bank of New York Mellon Corp., according to the Wall Street Journal.
Eileen Murray, a co-CEO of Bridgewater, is considering leaving the fund, The Wall Street Journal reports on Monday. Murray, who has been with the fund for a decade, has been approached by Wells Fargo about its open executive role. Major Wells Fargo shareholder Warren Buffett tells CNBC that a good banker should not want to fill the position vacated in March by Tim Sloan, whom Buffett says was forced out by political pressure.