|Bid||253.15 x 0|
|Ask||0.00 x 0|
|Day's Range||241.10 - 241.10|
|52 Week Range||213.90 - 241.10|
|PE Ratio (TTM)||59.81|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
As it stands, Wells Fargo stock is down nearly 11%. If headlines are anything to go by, the once-revered financial institution will face even more challenges. The big bank’s troubles began with accusations that lower-level employees were creating fake customer accounts to meet impossible sales targets.
Wells Fargo & Co.’s new public finance chief Stratford Shields is shaking up the department by dismissing senior bankers in New York, Chicago and Los Angeles and bringing in colleagues from his former employer, Morgan Stanley. Wells Fargo has removed 15 employees from its public finance department, according to a person familiar with the matter. Shields, who took over in November, has hired six bankers and plans to continue hiring, said company spokeswoman AnneMarie McDonald.
It was a busy week, with news that Cetera may have some serious suitors and more negative headlines for Wells Fargo. As you prepare for your Friday commute home, catch up on some of Barron’s Advisor Center’s top stories: Cetera gets courted. Tuesday brought news that LPL and Lightyear are taking close looks at Cetera Financial Group.
David Tepper, the billionaire founder and head of Appaloosa Management, had a busy first quarter. One of the most noteworthy companies that Tepper invested in for the first time in Q1 was Wells Fargo & Co. ( WFC). Texas-based data analytics company Alerian MLP ( AMLP) was another prominent new position in Appaloosa's portfolio during this period.
Wells Fargo Multi-Asset Strategist, Brian Jacobsen, explains his views on interest rate hikes and their effect on the yield curve. He speaks with Betty Liu on "Bloomberg Daybreak: Australia." ...
Wells Fargo & Co. Chief Executive Officer Tim Sloan says the firm is ready to increase lending for car sales after pulling back last year. He speaks during an interview with Bloomberg's Erik Schatzker ...
Tim Sloan, Wells Fargo & Co.’s president and chief executive officer, discusses how they will operate under the Federal Reserve-imposed asset cap. He speaks with Bloomberg’s Erik Schatzker on "What'd ...
Wells Fargo & Co. Chief Executive Officer Tim Sloan said the firm is ready to increase lending for car sales after pulling back last year, and is now looking with concern at the commercial real estate market. “There are some markets that we’re a little bit concerned about,” Sloan said Monday in an interview with Erik Schatzker on Bloomberg Television. The bank is concerned about some recent commercial real estate activity, he added.
Wells Fargo & Co. Chief Executive Officer Tim Sloan said the firm is ready to increase lending for car sales after pulling back last year, and it’s now looking with consternation at the commercial real estate market. In auto lending, “we’ve pulled back enough and now we’re going to be growing that business again,” Sloan said Monday in an interview with Erik Schatzker on Bloomberg Television. Some transactions in commercial real estate seem “frothy,” he said, without giving examples.
Wells Fargo (WFC) discovered that employees in its wholesale unit altered information related to customers’ records without the company’s knowledge. As a result, there are renewed concerns about the bank’s internal control systems. Wells Fargo (VFH) (XLF) reported the activities to the Office of the Comptroller of the Currency.
Major companies are tapping executives from some of the Bay Area’s most successful companies as directors, spreading the region’s influence, innovation and Silicon Valley ethos into the boardrooms of some of the nation’s biggest companies. The trend also reflects the caliber of talent working at Bay Area startups.
Investors' concerns related to some industry uncertainties, including easing of regulations, pulls banking stocks down.
A report from an investment bank identifies a baker’s dozen of regional banks looking to make money by growing deposit market share.
After sidestepping both the 2008 financial crisis and the subsequent Libor scandal — creating the impression that Wells Fargo actually did have values — the bank has spent the last few years cleaning up one awful mess after another. The biggest came first: Low-level bank officials had felt so pressured to meet impossible sales targets that they created fake accounts that customers didn’t ask for and didn't even know existed. The fake accounts were exposed by the Los Angeles Times in 2013.
James Athey, senior investment manager at Aberdeen Standard Investments, and Dale Winner, senior portfolio manager at Wells Fargo Asset Management, discuss the Brexit process thus far and its impact on ...
Some employees in a Wells Fargo & Co. unit that handles business banking improperly altered information on documents related to corporate customers, according to people familiar with the matter. The behavior again raises questions about Wells Fargo’s risk-management practices and controls. The bank has been sanctioned in recent months by federal regulators for problems in these areas and as a result can’t grow its balance sheet.
The employees in Wells Fargo's so-called wholesale unit, which is separate from its retail bank, added or altered information without customers' knowledge, the Journal reported https://on.wsj.com/2GrYFvd. The information added varied from social security numbers to addresses to dates of birth for people associated with business-banking clients, the WSJ reported.
Some employees in a Wells Fargo & Co unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter. The employees in Wells Fargo's so-called wholesale unit, which is separate from its retail bank, added or altered information without customers' knowledge, the Journal reported https://on.wsj.com/2GrYFvd. The information added varied from social security numbers to addresses to dates of birth for people associated with business-banking clients, the WSJ reported.
For the ambitious looking for the best-paying gigs on the city’s payroll, look no further than the San Francisco City & County Employees’ Retirement System.