|Bid||58.61 x 1200|
|Ask||59.00 x 800|
|Day's Range||58.51 - 59.03|
|52 Week Range||49.27 - 66.31|
|PE Ratio (TTM)||14.98|
|Earnings Date||Oct 12, 2018|
|Forward Dividend & Yield||1.72 (2.92%)|
|1y Target Est||62.02|
Aug.16 -- George Bory, head of credit strategy at Wells Fargo Securities, Bloomberg's Lisa Abramowicz, and Jurrien Timmer, director of global macro at Fidelity Investments, discuss the market impact of trade as the U.S. and China prepare to meet on the issue later this month. They speak on "Bloomberg Markets: The Open."
Warren Buffett's Berkshire Hathaway raises its stake in Apple by nearly 5%. Yahoo Finance's Seana Smith, Andy Serwer, Myles Udland, and Dan Roberts discuss along with National Taxpayers Union Senior Fellow, Mattie Dupler.
Eight months after her abrupt departure from the White House, former Donald Trump aide Omarosa Manigault Newman has clawed her way back into the news with a new memoir and a collection of audio recordings she secretly made of the US president and his staff. that the former reality television staffer was born in Youngstown Ohio, studied broadcast journalism and worked in vice-president Al Gore’s office and commerce department before appearing in the first season of Mr Trump's The Apprenticetelevision show. During Mr Trump's presidential campaign, she was his director for African-American outreach and was then appointed as an assistant to the president and the director of communications for the Office of Public Liaison.
During 2018, the return on Bank of America (NYSE:BAC) has been uninspiring, coming to about 5%. Yet various other large banks have posted worse returns than BAC stock; Citigroup (NYSE:C) and Wells-Fargo (NYSE:WFC) have generated negative returns.
Investing in Citigroup Stock: Do Investors Think It Makes Sense? The entire banking industry (XLF) was beaten down in the first half of 2018. Citigroup (C) was among the worst performers in the industry, losing ~10% of its value in that period.
Investing in Citigroup Stock: Do Investors Think It Makes Sense? Citigroup (C) could be an intriguing choice for investors right now, according to Wall Street ratings. As of August 16, 20 of the 28 analysts covering Citigroup stock have recommended a “strong buy” or “buy” recommendation.
as part of an investigation into a tweet by founder Elon Musk over plans to take the electric carmaker private. Mr Musk and Tesla have come under scrutiny since the August 7 Twitter post in which the chief executive said he was considering taking the company off the public markets and had funding “secured”. Tesla’s share price subsequently rose as much as 10 per cent, but the stock has since given up most of the gains.
Investing.com - Gold prices dropped on Thursday while the U.S. dollar also slid despite higher demand in safe-haven assets amidst the Turkish lira crisis.
This article is from today’s FT Opinion email. Sign up to receive a daily digest of the big issues straight to your inbox. Once again, Wells Fargo is in trouble. Nearly two years after the US bank was ...
The Wells Fargo Income Opportunities Fund (NYSE American: EAD), a closed-end fund, announced today that the fund’s Board of Trustees has approved the commencement of a managed distribution plan. The managed distribution plan will go into effect beginning with the monthly distribution to be declared in September 2018. The plan provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months.
The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH) and the Wells Fargo Global Dividend Opportunity Fund (EOD) have each announced a distribution.
PNC Financial Services Group Inc. received subpoenas from federal prosecutors in Florida over practices related to its purchases of low-income housing tax credits, according to a spokeswoman for the bank. The action against the Pittsburgh-based lender by the U.S. Attorney’s Office in Miami is similar to an inquiry into Wells Fargo & Co. over its purchase of the credits, according to two people familiar with the matter who asked not to be named because the details are private. “I can confirm that we have received an inquiry on this matter from the U.S. Attorney’s Office in Miami and we are fully cooperating with them on it,” Marcey Zwiebel, a spokeswoman for PNC, said in an emailed statement.
About a month ago, three big banks reported earnings, and the three earnings reports each told a different story. JPMorgan Chase (NYSE:JPM) reported great numbers which pointed to strengthening fundamentals. Citigroup (NYSE:C) reported decent numbers which pointed to stagnating fundamentals. Not surprisingly, over the past three years, JPM stock is up nearly 70%, and C stock is up more than 20%.
SHERMAN, Texas, Aug. 15, 2018 /PRNewswire/ -- Micah Dortch, managing partner of the Dallas office of the Potts Law Firm, has been appointed as a Special Receiver in litigation originally brought by the Securities and Exchange Commission against a group of Texas businessmen. Evidence in the case revealed that, in less than three years, the defendants were able to withdraw or transfer more than $20 million in cash from Wells Fargo Bank (WFC) accounts in violation of industry standards and the bank's own policies.
The nation’s largest banks — such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley — have operations around the country. Here are other recent stories reported by The Business Journals and other media outlets.
There is probably no other investment portfolio more closely watched than that of Warren Buffett. Buffett's genius is always transparent because he has never veered from his most fundamental principle: to buy great companies at good prices, and hold them forever. At 23.84% of the Berkshire Hathaway's portfolio, the company that Steve Jobs built is Buffett's largest holding.
Bank of America stock is now up just 3.2% so far this year – below the 5.6% return of the S&P 500. A number of the bullish catalysts that led Bank of America higher after the U.S. presidential election are coming to pass. Interest rates are rising, helping net interest margin and Bank of America profits.
New York billionaire George Soros' family office has bought more shares in some of Silicon Valley's biggest tech companies, including Facebook and Apple, while trimming stakes in companies like Nvidia, eBay and Amazon.
This month, in a section of a 173-page securities filing entitled “Additional Efforts to Rebuild Trust”, Wells admitted that due to a computer glitch that ran undiscovered for about five years, more than 600 customers who might have qualified for easier terms on their mortgages did not get them. The bank’s share price barely budged, but anti-Wells outrage picked up again on social media. The San Francisco-based bank wants to put an end to a mostly grim run since September 2016, when it emerged that employees straining to hit sales targets enrolled millions of customers in accounts they neither needed nor wanted.