|Bid||54.590 x 3300|
|Ask||54.600 x 1100|
|Day's Range||54.040 - 54.955|
|52 Week Range||44.490 - 59.990|
|PE Ratio (TTM)||13.48|
|Forward Dividend & Yield||1.56 (2.90%)|
|1y Target Est||N/A|
Wells Fargo CEO Tim Sloan speaks with CNBC's Wilfred Frost about Sen. Elizabeth Warren's comments about his worthiness to be CEO after the accounts scandal.
Wells Fargo CEO Tim Sloan speaks with CNBC's Wilfred Frost about the state of the bank's business, Sen. Elizabeth Warren's comments and the fallout from the accounts scandal.
Wells Fargo CEO Tim Sloan speaks with CNBC's Wilfred Frost about the bank's quarterly earnings and the state of its overall business.
Oct.18 -- Scott Wren, senior investment strategist at Wells Fargo Investment Institute, discusses his investment strategy with the Dow Jones Industrial Average at 23,000. He speaks on "Bloomberg Daybreak: Americas."
Wells Fargo has added brokers for the first time in the past year, On Wall Street reports. The firm added to its ranks by hiring both trainees and established brokers, according to a spokeswoman: “Attracting the industry’s top talent will always be a priority for Wells Fargo Advisors, and we feel good about the quality recruits in our pipeline.” While rivals UBS, Morgan Stanley and Merrill Lynch have eased up on their recruitment spending, Wells Fargo “has pursued aggressive recruiting tactics this year,” writes On Wall Street. “Wells Fargo’s independent arm has picked up several new advisors, and the wirehouse also has had a few notable successes, including two Morgan Stanley advisors who oversaw more than $400 million in combined client assets,” the publication says.
Spokesman Jim Baum said employees were notified Tuesday morning during a meeting in the center’s cafeteria. The bank employs about 1,000 in the Lehigh Valley, almost half of which work in the call center. It cited Wells Fargo CEO Tim Sloan’s recent testimony before the U.S. Senate as proof, when he was asked about other recent call center layoffs in Fort Mill, S.C. (120 layoffs) and Vancouver, Wa.
Wells Fargo CEO Tim Sloan predicted the scandal-ridden bank will achieve the growth it had lost during its fake-accounts scandal.
Amazon is the off-stage character dominating the on-stage discussion. Its ambition to enter the pharmacy business is well-known. But will it? Rite Aid, with 2,336 stores following the sale of its other operations to Walgreens Boots Alliance Inc. (NYSE:WBA), which would have acquired the whole company but for the Federal Trade Commission’s objections, would seem to be a natural vehicle for such an entrance.
Bank of America Corp. (NYSE:BAC) has regained its reputation as America’s best consumer bank.Source: Mike Mozart via Flickr
While shares of Morgan Stanley glided higher on sturdier results across the board, Goldman tripped, with some analysts parsing the quality of the numbers beyond the headline figures.
(Reuters) - All six big U.S. banks reported third-quarter earnings that topped Wall Street estimates as strength in their lending and advisory businesses and gains from higher interest rates helped them ...
Wells Fargo & Co. agreed to compensate customers after recommending complex exchange-traded products linked to stock market volatility, without fully understanding the securities’ risks.
Bay Area companies made donations totaling millions of dollars to support the relief efforts for those affected by California wildfires this week. Bank of America (BAC) said Friday that it is donating $200,000 to relief efforts, with half that donation going to the American Red Cross. California's largest bank also lowered its minimum matching-gift program for employees from $25 to $1.
California Treasurer John Chiang said Monday that he’s extending sanctions against Wells Fargo for a second year and questioned why Tim Sloan, a 30-year veteran of the bank, is CEO of the San Francisco-based bank, which he said may be too big to succeed. Others are demanding that its leadership structure be dismantled and replaced,” Chiang said in a letter to the bank’s board and CEO Monday. “I am hopeful that Mr. Sloan will not suffer from the same lack of vision suffered by his predecessor in seeing how to restore the integrity of the bank,” Chiang said in his letter to the bank and echoed at a press conference he held on the steps of San Francisco City Hall Monday morning.
Wells Fargo reported underwhelming results for the third quarter of the year late last week, as the third-largest U.S. bank in terms of assets missed revenue expectations and barely met earnings expectations as it continues to reel under the effect of a series of sales-related scandals.
A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank. The bank also failed to make sure brokers unloaded the products from customer accounts within 30 days, according to the Financial Industry Regulatory Authority (FINRA). The products' value shifted based on market volatility over short durations, but some Wells brokers mistakenly believed they could be used as long-term hedges against a market downturn, FINRA said.