WFC - Wells Fargo & Company
47.47 -0.04 (-0.08%)
After hours: 7:39PM EDT
| Previous Close | 47.48 |
| Open | 47.17 |
| Bid | 47.40 x 3200 |
| Ask | 47.47 x 800 |
| Day's Range | 46.91 - 47.96 |
| 52 Week Range | 43.02 - 59.53 |
| Volume | 22,839,793 |
| Avg. Volume | 22,164,529 |
| Market Cap | 214.363B |
| Beta (3Y Monthly) | 1.27 |
| PE Ratio (TTM) | 10.51 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.80 (3.73%) |
| Ex-Dividend Date | 2019-05-09 |
| 1y Target Est | N/A |
- Bloomberg•2 hours ago
Bitfinex Operator Accused by N.Y. of $850 Million Cover-Up
The accusations announced Thursday against iFinex Inc., which runs the Bitfinex trading platform, and the issuer behind Tether speak to one of the most hotly debated questions in the crypto world: Is every Tether really backed by one U.S. dollar? The ultimate answer will have big implications for the market, because virtual-currency traders use Tether as a substitute for dollars. Bitcoin tumbled 7.2 percent to $5,102 at 8:30 p.m. in New York, its biggest drop in three weeks, according to data compiled by Bloomberg.
- Barrons.com•7 hours ago
Berkshire Hathaway Could Increase Its Stakes in Big Banks Under a Proposed Fed Rule Change
The Federal Reserve proposal would allow 25% ownership of a bank without triggering restrictive rules involving Fed oversight.
- American City Business Journals•9 hours ago
Venmo touts 40M monthly active users, as payment volume increases 73%
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- Zacks•12 hours ago
Zacks Earnings Trends Highlights: JPMorgan, Citigroup, Goldman Sachs and Wells Fargo
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- American City Business Journals•14 hours ago
How this nonprofit CEO engaged with Disney, UCF and others to support early learning efforts
The Early Learning Coalition of Orange County's leader has been committed to working with public and private partners.
- American City Business Journals•14 hours ago
How Quail Hollow is building on golf tournament's record run
After major changes in operations a year ago produced record crowds, the Wells Fargo Championship is back next week boasting another $2 million in improvements for golf fans.
- Investopedia•yesterday
Top 15 Broker-Dealer Firms for 2019
Learn the different roles that a broker-dealer can perform along with the top 15 broker-dealer firms in 2019 based on assets under management.
- American City Business Journals•yesterday
Power, profits and people: Inside BofA's annual shareholder meeting
Bank of America Corp.'s annual shareholder meeting on Wednesday went smoothly compared to Wells Fargo & Co.'s contentious affair the day before.
- Motley Fool•2 days ago
Better Buy: Berkshire Hathaway vs. Wells Fargo
In this rematch between Warren Buffett's investment vehicle and one of its major portfolio holdings, which stock will emerge victorious?
Reuters•2 days agoAll Wells Fargo directors elected as hecklers call executives 'frauds'
Wells Fargo & Co shareholders voted to elect all of the company-nominated directors during a rowdy meeting on Tuesday in which more than a dozen attendees were kicked out for heckling executives and board members. The majority of the San Francisco-based bank's 12 board members joined Wells Fargo after the bank became mired in scandal in late 2016 for opening potentially millions of unauthorized accounts. Board Chair Betsy Duke and interim Chief Executive Allen Parker faced questions about why investors should vote for the five directors who were at the bank at the time of the wrongdoing.
Motley Fool•2 days agoFlagstar Bancorp Inc (FBC) Q1 2019 Earnings Call Transcript
FBC earnings call for the period ending March 31, 2019.
- American City Business Journals•2 days ago
Wells Fargo holds contentious annual meeting
Several at the meeting reportedly asked to leave after making outburst that included calling the bank's executives “frauds” and “criminals.”
- InvestorPlace•2 days ago
10 Oversold Stocks to Run From
The vast majority of the time in a wishy-washy market environment like the one we're in now, "buying the dips and selling the rips" is an appropriate strategy. Traders can count on a reversal when a rally or meltdown becomes overextended.In some cases, though, a sharp stumble isn't necessarily a buying opportunity. Rather, it's a glimpse at the shape of things to come, with investors only beginning to file out of an equity.With that as the backdrop, here's a closer look at 10 oversold stocks to sell rather than scoop up at their currently depressed prices. While investors should remain on guard for rebounds inspired by bargain-hunters expecting the reversals we'd normally see in such situations, in all of these cases we've seen a handful of red flags suggesting things could get worse before that get better.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt In no particular order… Stocks to Sell: J B Hunt Transport Services (JBHT)It wasn't a disastrous quarter, but last quarter's numbers from J B Hunt Transport Services (NASDAQ:JBHT) were far from being impressive. More than that, they may be a microcosm of a bigger headwind that's now blowing.One issue, ironically, is that the economy is so strong and jobs are so plentiful, trucking companies like J B Hunt are struggling to find and keep drivers. Then there's slowing demand for intermodal transportation, mostly crimped by trade friction between the U.S. and China. Earnings of $1.09 per share fell short of the $1.26 analysts were expecting.That lackluster future is still being priced into the chart. Though down by nearly one-fourth since June's peak, JBHT shares have yet to slide back to a long-term support line, currently at $83. The current trend pushing shares that direction has plenty of momentum too. Mattel (MAT)To its credit, toymaker Mattel (NASDAQ:MAT) has done its best to adapt to an electronic, digital world. In January, Chief Technology Officer Sven Gerjets demonstrated the company's deep understanding that the future is 'phygital' … the melding of traditional physical toys with computerized technology. The company is thinking aggressively about media tie-ins too, reportedly planning a live-action film featuring Mattel's beloved Barbie doll. * 7 Tech Stocks With Too Much Risk, Not Enough Upside For whatever reason, though, nothing really seems to be clicking for the once-iconic company. Though MAT stock looked like it would finally work out a reversal after December's hard landing, the selling that got started back in 2014 has been renewed this month. The stock is down nearly 70% from the peak made five years ago, and once again within easy reach of multi-year lows. Gilead Sciences (GILD)When Gilead Sciences (NASDAQ:GILD) shares tumbled in 2016, investors largely knew why. An amazing run in 2013 and 2014 stemming from sky-high prices of its hepatitis C drugs Harvoni and Sovaldi -- which were effectively 'cures' -- were about to be challenged by cheaper competitors as well as social outrage over their needlessly high price tag.By early 2017, though, investors figured the worst had been priced in and assumed Gilead would properly regroup for the road ahead.That hasn't turned out to be the case though. GILD stock has been steadily trending lower since its early 2018 high, and if shares break below a technical floor right around $60, this oversold name will most definitely become one of a handful of stocks to sell.In short, Gilead Sciences simply isn't holding up to its competition. Nordstrom (JWN)It's sometimes difficult to tell given the number of store closing we're still seeing, but the so-called retail apocalypse is abating. That's a big reason Nordstrom (NYSE:JWN) rallied in 2018. For a short while, it appeared as if the upper-end chain of stores would emerge from the industry-wide meltdown as healthy as it has ever been.It's now clear, however, that while not as brutal, the retail apocalypse is still underway, and still plaguing some slivers of the business more than others. Last quarter's total top line of $4.48 billion was not only down from the year-ago tally of $4.7 billion, it also fell short of the $4.61 billion analysts were expecting. Same-store sales at its full-priced venues was a scant 0.1%. * 5 Dividend Stocks Perfect for Retirees JWN is already one of several oversold stocks in the sector. But, if it breaks below the support line that tagged the 2016 and 2017 lows, it will earn a spot on a short list of stocks to sell. Wells Fargo (WFC)Wells Fargo (NYSE:WFC), to be clear, is mostly suffering from self-inflicted wounds. The 2016 account-opening scandal led to backlash from multiple directions ever since.The public -- consumers -- was at least willing to forgive if not outright forget. A surprising string of quarterly results carried WFC stock to record highs by early 2018.That's when regulators really started to sink their teeth into the company's hide though. Among other things, the mega bank in August was charged more than $2 billion for making improper mortgage loans. The clincher, however, is the fact the Federal Reserve has capped the company's permitted assets it can leave on the books, essentially capping earnings growth. The company doesn't believe that growth ban will be lifted anytime this year.With little to look forward to, WFC shares are in a well-developed downtrend that probably won't find a firm floor until it reaches the $41 area. L Brands (LB)L Brands (NYSE:LB) shares are down a stunning 69% from their late-2015 peak, and that downtrend is still going strong. The stock is only a few pennies away from new multiyear lows, and given its bearish momentum, odds are good it will once again slide deeper into the red.L Brands, of course, is the parent company of Victoria's Secret and Bath & Body Works … two powerhouses in the heyday of mall shopping, but two venues that are struggling to connect with consumers in a digital world where shoppers splurge in different ways. While revenue growth remains steady, quarterly operating income has been reliably shrinking since early 2016 as L Brands has to spend more and more to keep patrons coming to its stores. And even then, things are tough. Fourth-quarter same-store sales excluding e-commerce spending was down 1%, extending a concerning streak of backpedaling. * 10 S&P 500 Stocks to Weather the Earnings Storm In that light, the stock's long-term downtrend makes sense. AbbVie (ABBV)AbbVie (NYSE:ABBV) was a heroic performer in 2017, rallying from $57 to an early 2018 peak near $117, mostly driven by impressive sales growth from Humira as well as Imbruvica. The former's revenue was up 14.4% that year, and the latter's grew more than 40%.The big run-up only set up a sizable fall though, spurred not by slowing revenue growth, but an impending and inevitable threat to its Humira franchise.The company has been maneuvering for years to maintain the patent on its flagship drug Humira, to be clear, which generated nearly $20 billion in revenue last year. But, time is ultimately working against AbbVie. Earlier this month six separate lawsuits were filed against the pharmaceutical giant, each making the same basic claim … that biosimilars of Humira should already be allowed in the United States.Investors appear to know the company won't be able to fend off these legal arguments for much longer. Nektar Therapeutics (NKTR)In late 2017, the Nektar Therapeutics (NASDAQ:NKTR) rally was unstoppable. Eli Lilly (NYSE:LLY) had made an upfront cash payment to the company in exchange for development and participation rights in T-cell booster NKTR-358, and at the same time posted big-time third quarter revenue growth.As is so often the case in the biopharma arena, though, excited investors overestimated what was to come, and how quickly that would take shape. In June of last year a trial of cancer therapy NKTR-214 led to lackluster results, and in February the company once again reported just so-so outcomes with the same drug in use as a therapy for a different form of cancer. * 7 Stocks to Buy for Spring Season Growth Nektar Therapeutics shares have fallen more than 70% since their early 2018 high, and are pennies away from breaking below an established support level of right around $30. HP (HPQ)After a brief stumble in 2015 when it split with the enterprise-oriented half of the company Hewlett Packard Enterprise (NYSE:HPE) to focus on consumer-level computers and printers, HP (NYSE:HPQ) started what would turn into a solid, multiyear advance. The early-2016 low near $8 gave way to a move to 2018's peak near $27, partially driven by steadying PC sales, and partially prompted by an improving economy.That 2018 peak, however, has also become a perfect pivot. Since then HPQ shares have logged a lower major low and lower major high, and as of this week appear to be aiming at a new 52-week low. Traders aren't buying on the dip -- at least not in earnest -- now that the bullish trend lines of yesteryear have been snapped. Davita (DVA)Finally, add Davita (NYSE:DVA) to your list of oversold stocks to sell rather than buy. Though down 36% from its early 2018 high, there's still room and reason for it to continue sinking.It may not be a household name, but it may ring a bell all the same. Davita is a chain of kidney care and dialysis centers that for years had been one of Warren Buffett's favorite stock picks. The company was a reliable cash generator … right up Buffett's alley.Buffett, through Berkshire Hathaway, still owns a big stake in Davita, but arguably wishes he didn't. Operating income turned unpredictable beginning in 2012, and in 2017 began to shrink more often than grow. That headwind has been reflected in the stock's price from the point in time it started to blow. * 10 High-Yielding Dividend Stocks That Won't Wilt Buffett and Berkshire appear to still be committed to the trade. Given the uncertain future the country's healthcare system faces though, on top of the trouble the company was facing even before such questions surfaced, there's no end in sight for the stock's net-bearishness.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 10 Oversold Stocks to Run From appeared first on InvestorPlace.
- GuruFocus.com•2 days ago
An Update on Wells Fargo
For the quarter, revenues declined slightly to $21.6 billion, with a 1% increase in net interest income from a higher net interest margin (NIM) offset by a 4% decline in noninterest income. Warning! GuruFocus has detected 3 Warning Signs with WFC.
- Zacks•2 days ago
The Zacks Analyst Blog Highlights: Wells Fargo, UnitedHealth, Merck, Schwab and Raytheon
The Zacks Analyst Blog Highlights: Wells Fargo, UnitedHealth, Merck, Schwab and Raytheon
Yahoo Finance•2 days agoBank investors face a 'conundrum' in an inverting yield curve
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Market Realist•3 days agoCitigroup: Potential Upside in the Stock
Will Citigroup’s Bull Run Continue?(Continued from Prior Part)CitigroupAnalysts have a consensus target price of $79.20 per share on Citigroup (C), which implies a potential upside of 12.6% based on its closing price of $70.35 on April 17.
- Simply Wall St.•3 days ago
Is It Time To Consider Buying Wells Fargo & Company (NYSE:WFC)?
Let's talk about the popular Wells Fargo & Company (NYSE:WFC). The company's shares received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing...
- Zacks•3 days ago
ETFs & Stocks for a Greener Earth & Portfolio
These ETFs and stocks are associated with clean energy production and usages and thus deserve a look on Earth Day.
- American City Business Journals•3 days ago
Here are the 20 top-earning women executives in the Bay Area
The Bay Area’s 20 highest-earning women executives hail from the Bay Area's top tech companies as well as its retail and financial giants. Several companies — Square, Cisco and Williams-Sonoma — have multiple executives in our top 20 list.
- Kiplinger•4 days ago
Federal Bank Holidays 2019: Is My Bank Open Today?
Find out if your bank is likely to be open in 2019 on New Year's Day, MLK Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving or Christmas.
- Yahoo Finance Video•11 hours ago
Nashville prepares to kick off 2019 NFL draft
The 2019 NFL Draft begins tonight in Nashville, Tennessee, where around 100,000 people will flock to Nashville for the Draft and will make impact on the local economy. Butch Spyridon, CEO of the Nashville Convention & Visitors Corporation, joins us live from Nashville with some insight.
