|Bid||974.28 x 2500|
|Ask||988.00 x 500|
|Day's Range||985.00 - 993.50|
|52 Week Range||871.01 - 1,231.00|
|PE Ratio (TTM)||237.17|
|Forward Dividend & Yield||29.40 (2.93%)|
|1y Target Est||N/A|
Two of the big banks behind person-to-person payment system Zelle said this week they're committed to keeping their customers' accounts secure, after a report of scams aimed at Zelle users.
More bad headlines for Wells Fargo, which is now being investigated by the Labor Department for possibly steering participants in 401(K) plans into more expensive individual retirement accounts.
The Journal cites “a person familiar with the inquiry,” who also revealed that DOL investigators “also are interested in whether Wells Fargo’s retirement-plan services unit pressed account holders to buy in-house funds, generating more revenue to the bank.” Under ERISA, Wells has a fiduciary responsibility to put clients’ interests ahead of its own in retirement products. Wells managers have pressed employees in the bank’s retirement division to steer clients to more-expensive IRAs upon separating from their employer, another person familiar with the bank’s operation tells the Journal.
The Labor Department is examining whether Wells Fargo & Co pushed participants in low-cost corporate 401 plans to roll their holdings into more expensive individual retirement accounts at the bank, according ...
The Labor Department is examining whether Wells Fargo has been pushing participants in low-cost corporate 401(k) plans to roll their holdings into more expensive individual retirement accounts at the bank....
Central Florida's banks are ready to grow, despite increased competition and the need for high-tech advancements.
The Wells Fargo Championship returns to Charlotte next week after taking 2017 off to make way for the PGA Championship. The event is back with new leadership and a renewed focus on growth in attendance and revenue.
What are the 10 most hated companies in America right now? In the last couple of months there have been many incidents of various magnitudes that affected the reputation of several big companies. Reputation is a very important thing for companies that interact with customers on their daily basis and tarnishing it might have big […]
Investing.com – The dollar rose to a more than three-month high against a basket of major currencies as U.S. bond yields resumed their trend higher.
Originally, Kvamme wanted to retire in 2016, but he says he stayed to help the bank deal with its lingering customer-account scandals.
The stock market may be declining this week as first quarter earnings season is in full swing, but the reports out of the companies so far have been stronger than estimates. The Fidelity Investments executive noted that earnings estimates have grown to an increase of 18.7% in the one week since corporate America started offering up its results for the first three months of the year. "Really an amazingly bullish story," said Timmer, noting that the market is currently in digestion mode.
These tips will come in handy, even when you’re not getting your insurance from Wells Fargo.
Interactive Brokers Group’s (IBKR) Electronic Brokerage segment posted net revenues of $465.0 million in 1Q18, up from $314.0 million in 1Q17. The company’s net interest income was positively impacted in 1Q18 by an increase in its average customer margin loans and credit loans. The Electronic Brokerage segment’s commission revenues reported a year-over-year (or YoY) rise in 1Q18 due to upward movement in its customer volumes.
Wells Fargo re-elected all of its directors at its annual meeting, but shareholders still complained about CEO Timothy Sloan and executive pay.
DES MOINES, Iowa/NEW YORK, April 24 (Reuters) - Wells Fargo & Co investors gave strong backing to the bank's directors and executives on Tuesday, indicating they are ready to give its revamped leadership time to rebuild from scandal despite a noisy annual shareholder meeting. Wells Fargo executives said each of the bank's 12 director nominees received more than about 89 percent support from investors and about 92 percent of shares were cast in favor of the pay of Chief Executive Tim Sloan and other leaders. The results signal investors are giving the new board members and other changes a chance, said Jill Fisch, a University of Pennsylvania Law School professor and corporate governance expert.
Wells Fargo & Co.’s annual shareholders meeting in Iowa drew a protest march and repeatedly broke into heated exchanges, with critics blasting the bank’s scandals, labor practices and financing of gun makers, jails and oil projects. Chief Executive Officer Tim Sloan may have more work ahead in his mission to win back public trust -- but investors, at least, aren’t rebelling. “We can’t be all things to all people,” Sloan said as the meeting wrapped up.
Wells Fargo & Co. re-elected all of its 12 board directors with more than 89% of preliminary votes, in a shift from the bank’s turbulent shareholder meeting last year. Wells Fargo, which hosted the meeting in Des Moines, Iowa, near its mortgage-business headquarters, still heard complaints about Chief Executive Timothy Sloan, executive compensation and its relationship with the firearms industry during the 2 ½-hour-long meeting. Wells Fargo Chairman Elizabeth “Betsy” Duke defended Mr. Sloan’s role as CEO, saying she disagrees with California Treasurer John Chiang’s and others’ calls for him to be removed.
Dull is not the word to describe the bank's annual shareholders meeting, held Tuesday in Des Moines, Iowa.
Shareholders voted Tuesday 92.4 percent in favor of the bank’s executive compensation plan, based on preliminary results released at Wells Fargo’s annual meeting in Des Moines, Iowa. Some critics of the bank expressed outrage last month, after the firm awarded Chief Executive Officer Tim Sloan a $17.4 million package for 2017, a 36 percent raise. Sloan, who started his presentation by bringing his son, daughter-in-law and two grandchildren on stage, had asked the board not to award him a bonus and most of his package was restricted stock.
California State Treasurer John Chiang discusses Wells Fargo defending their culture and practices, and says the bank needs new leadership. He joined "Bloomberg Markets: The Open." (Source: Bloomberg)...
Apr.24 -- Bloomberg's Laura Keller reports from Wells Fargo's annual meeting in Des Moines, Iowa. She speaks on "Bloomberg Markets."
Apr.24 -- California State Treasurer John Chiang discusses Wells Fargo defending their culture and practices, and says the bank needs new leadership. He joined "Bloomberg Markets: The Open."