|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||46.32 - 47.51|
|52 Week Range||46.12 - 66.31|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||10.99|
|Earnings Date||Jan 15, 2019|
|Forward Dividend & Yield||1.72 (3.70%)|
|1y Target Est||61.59|
SunTrust's full-service branch will open in the main domestic terminal during the first quarter of 2019, likely in time for Super Bowl LIII.
Wells Fargo's debut of the Greenhouse app to help people better manage their money is an example of the big banks trying to head off fintech rivals, which see a similar need for new financial tools.
Report: The growth incentives that helped put Wells Fargo’s wealth management business in hot water were shocking due to their size and short-term focus.
Share repurchases during the third quarter by companies in the S&P 500 soared 58% from a year ago to a quarterly record of $203.8 billion, according to S&P Dow Jones Indices. That marks the third consecutive quarterly record, a sign that companies were using savings from the corporate tax rate cut that went into effect this year to ramp up shareholder returns. The percentage of companies that used buyback to reduced the number of outstanding shares by at least 4% increased 18%, after rising 15% in the second quarter. "Companies have used their tax savings to push up discretionary buybacks and boost earnings through significantly reduced share counts," said S&P Dow Jones Senior Index Analyst Howard Silverblatt. "The buying, while broad, continued to be top heavy, with the top 20 issues accounting for 54.3% of all S&P 500 buybacks, a level not seen since Q1 2010, when it was at 59.8%." The top share repurchases were Qualcomm Inc. , which bought back $21.1 billion worth of its shares during the third quarter, followed by Apple Inc. , which spent $19.4 billion.
- Q3 share repurchases increase 57.7% year over year to a record $203.8 billion - This is the third consecutive quarterly record, up 6.9% from Q2 2018 - Q1 to Q3 year-to-date expenditures are only 1% shy ...
Wells Fargo recently sent letters to home mortgage customers apologizing for a “faulty calculation” that caused qualified borrowers, who were part of the Home Affordable Modification Program (HAMP), to be improperly rejected or not offered a loan modification. Wells Fargo’s letters to customers say, “When you were considered for a loan modification, you weren’t approved, and now we realize that you should’ve been. Keller Rohrback—a leading consumer protection law firm that was the first firm to bring a class action lawsuit against Wells Fargo over its practice of opening unauthorized deposit and credit accounts—is now investigating claims people who were affected by these modification denials may have against Wells Fargo.
Investing.com - The Dow closed sharply lower Monday as investors took some risk off the table ahead of the Federal Reserve decision later this week.
Forget market volatility and panic over economic slowdown. Middle-market companies in the Carolinas are still moving confidently into 2019.
Since mid-September, Bank of America (NYSE:BAC) stock has been mostly trending lower, as the shares have gone from $31 to $24.50. Despite the yield curve inversion, there are few signs of a recession on the horizon.
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. The price of JPMorgan Chase & Co. (JPM) shares has declined to close to the 52-week low of $100.29, which is 16.8% off the 52-week high of $119.33. The company has a market cap of $333.46 billion.
U.S. investors are not supportive of further interest rate hikes, with a majority surveyed by Wells Fargo – 61 percent – saying the Federal Reserve should not continue to raise rates, up from 46 percent surveyed in May. Nearly half of those investors – 48 percent – say that raising rates would be “bad” for the economy, outweighing 16 percent who say rate hikes would be beneficial. In addition, 47 percent of surveyed investors say their income has not kept up with the rate of inflation over the past four years. The latest findings come from the fourth quarter Wells Fargo Investor and Retirement Optimism Index survey, conducted Nov. 12-20.
Banks are performing decently at present. But concerns related to global economic slowdown and diminishing chances of future rates will likely hamper growth.
In a one-page order Wednesday, U.S. District Judge Anita Brody of the Eastern District of Pennsylvania stayed the lawsuit that claims the bank engaged in discriminatory lending practices and sent the matter to retired magistrate Judge Diane Welsh next month to see if the two sides can reach an agreement out of court after 18 months of discovery and motions.
Berkshire Hathaway has unloaded more than 60 million Wells Fargo shares in recent years. What does it mean to investors?
NEW YORK, NY / ACCESSWIRE / December 17, 2018 / U.S. markets slumped on Friday as bank shares dragged equities lower amidst concerns about global economic slowdown after China’s industrial and sales growth ...
Investors in the market for large-cap dividend-paying companies that nonetheless have huge growth potential need look no further than the following five stocks, which are heavily weighted in the WisdomTree US Quality Dividend Gr ETF (NASDAQ:DGRW) as well as beloved by hedge funds. WisdomTree Investments, Inc. (NASDAQ:WETF) is one of the leading providers of specialized […]
Reasons to cheer (WFC) RIA plan. The wirehouse’s recently announced plan to open RIA offices is the talk of the industry and has generated some skepticism. The RIA model may be less profitable than Wells’ brokerage business, but it could help the company retain and recruit advisors interested in making the transition to an RIA, according to Elzweig.
’s compensation plan for advisors will be largely unchanged next year, but the wirehouse’s lowest-producing reps will feel a pinch. The pay rate for advisors with at least seven years of experience will drop if their 12-month revenue dips below $250,000, Bloomberg reports. The company’s advisors typically keep 22% of monthly revenue until they reach a monthly target of $11,500, $12,500 or $13,250 (depending on the advisor) and then 50% of additional revenue, the news outlet notes.
(WFC)’s compensation plan for advisors will be largely unchanged next year, but the wirehouse’s lowest-producing reps will feel a pinch. The pay rate for advisors with at least seven years of experience will drop if their 12-month revenue dips below $250,000, Bloomberg reports. The company’s advisors typically keep 22% of monthly revenue until they reach a monthly target of $11,500, $12,500 or $13,250 (depending on the advisor) and then 50% of additional revenue, the news outlet notes.
Americans took advantage of lower fuel prices and Black Friday sales that kicked off the holiday-shopping season last month, setting up household consumption for a stronger-than-expected quarterly increase following what were already the best back-to-back gains in four years. Factory output was unchanged last month while the prior month’s reading was revised to a decline from a gain, Federal Reserve data showed Friday. While the economy’s pace is still projected to moderate in the final three months of the year from 3.5 percent in the third quarter, retail sales alleviated some concerns that growth is weakening even more.