|Bid||26.93 x 800|
|Ask||26.96 x 900|
|Day's Range||26.83 - 26.96|
|52 Week Range||22.76 - 26.96|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||5.57|
|Forward Dividend & Yield||1.41 (5.25%)|
|1y Target Est||N/A|
The heads of St. Louis’ four largest financial firms say their biggest challenges are finding the next generation of advisers and convincing the next generation of clients that capitalism is a proven force for good.
Wells Fargo & Co will pay the Navajo Nation $6.5 million to settle a lawsuit over "predatory and unlawful practices" by the bank, the Native American tribe said on Thursday. The Navajo Nation sued Wells Fargo in federal and tribal courts in 2017, alleging the San Francisco-based bank had opened unauthorized accounts for vulnerable tribe members as part of the potentially millions of fake accounts opened by bank employees nationwide. The settlement with the Navajo Nation followed a $575 million deal in 2018 with U.S. states over claims that Wells Fargo opened phony customer accounts and improperly referred and charged customers for financial products.
More than $650 million in new funding, a pair of IPO filings and four acquisitions top the Bay Area's venture news at midweek. Here are the details.
Fifth Third Bank is eager to make it clear that entering the Bay Area market is part of a long-term strategy.
Cynthia Nwaubani is a vice president and senior relationship manager for Wells Fargo’s commercial banking group, and she manages relationships with companies that have revenues from $50 million to $2 billion in the North Dallas area.
The bank last week sold the 44,000-square-foot Wells Fargo Building, at 4525 Sharon Road, for about $13.7 million to Levine Family Office. Wells will remain the sole tenant until March 2020.
Alongside a leadership shuffle, the bank has combined different units targeting small businesses, mid-sized businesses, and governments and institutions.
The Sacramento mortgage market is getting more competitive, with steady growth in the number of lenders over the past five years.
Matt Wysong’s banking career has centered on transformative technology companies. “Being at the center of the innovation economy is very attractive,” Wysong said. “When you are able to provide services that help these companies scale and grow while they are creating meaningful products, it’s very exciting.” In 2014, he launched Wells Fargo’s (NYSE: WFC) Mountain and Midwest technology and venture banking division.
The startup is giving a lot of thought to real estate these days as the CEO tries to accommodate the fintech's growth and hiring.
Update from portfolio managers Christopher Davis, Peter J. Sackmann, CFA and Creston A. King III, CFA Continue reading...
Investment company Rings Capital Management LLC (Current Portfolio) buys Bank of New York Mellon Corp, Wells Fargo during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Rings Capital Management LLC. Continue reading...