|Bid||53.000 x 800|
|Ask||53.010 x 1400|
|Day's Range||52.510 - 53.400|
|52 Week Range||50.260 - 66.310|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||12.52|
|Forward Dividend & Yield||1.72 (3.30%)|
|1y Target Est||N/A|
NEW YORK, NY / ACCESSWIRE / October 15, 2018 / It’s earnings time for banks and Wells Fargo already delivered its earnings report with Bank of America reporting today. Bank of America is the next big bank to report its earnings today following the release of Wells Fargo's earnings last week. Bank of America has said that the records were copied and returned to the bank and still exist in its system.
Wells Fargo Home Lending has entered into an agreement with eOriginal, a leading digital solution provider for the mortgage industry, to enable the purchase of eNotes through Wells Fargo’s correspondent channel, Wells Fargo Funding. “Our ability to purchase eNotes is the latest step in our expansion in the digital lending space that broadens our approach to serving consumers and clients as we transform our mortgage business,” said Michael DeVito, head of Wells Fargo Home Lending. As the evidence of the obligation to repay the mortgage loan, the eNote needs to be stored digitally in a way that ensures it has the same legal enforceability as paper.
NEW YORK, NY / ACCESSWIRE / October 12, 2018 / Wells Fargo & Company (NYSE: WFC ) will be discussing their earnings results in their 2018 Third Quarter Earnings to be held on October 12, 2018 at 10:00 ...
Wells Fargo (WFC) today announced $1 million in donations to support communities impacted by Hurricane Michael. “Our thoughts and prayers are with those being impacted by Hurricane Michael,” said Chief Executive Officer Tim Sloan. The Wells Fargo Foundation will donate $1 million in support of hurricane relief efforts, with half going to the American Red Cross for immediate needs and half distributed to local non-profits to aid with the recovery in affected communities.
Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company (NYSE: WFC), announced today that Diane Schumaker-Krieg, global head of Research, Economics & Strategy, will retire after nearly 15 years with the company. Schumaker-Krieg, who is based in New York, will remain with Wells Fargo Securities through the end of December 2018.
Effective September 12, 2018, Senior Portfolio Manager Christopher Wightman has left Wells Fargo Asset Management (WFAM) and is no longer a portfolio manager of the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC). In addition, effective October 3, 2018, Lauren van Biljon, CFA, will be added as a portfolio manager of the Wells Fargo Multi-Sector Income Fund.
Wells Fargo Advisors announced today the launch of Envision® Scenarios, an online tool that allows investors to model how changing their own investment decisions can impact their investment goals for the better — or worse. Envision Scenarios gives current Wells Fargo Advisors clients with Envision Plans a new, real-time view into how different decisions could potentially affect their retirement or other investment plans. Clients can create up to four scenarios at a time to model how various saving and investing changes could potentially alter their retirement plans and other investment goals.
Wells Fargo Mobile Response Units to station in Wilmington, Fayetteville and New Bern to provide assistance to consumer and small business loan customers
Wells Fargo & Company (WFC) today announced that Lisa Stevens, Regional Banking executive for the Western Region, has decided to leave Wells Fargo after a 29-year career. Stevens will depart in late October. Stevens began her career with Wells Fargo in 1989.
Wells Fargo & Company (WFC) today announced that Control Tower, a new digital experience that simplifies customers’ online financial lives, is available for Wells Fargo consumer and small business customers nationwide through Wells Fargo Online® and Wells Fargo Mobile® Banking. According to a recent online survey conducted by The Harris Poll on behalf of Wells Fargo1, 79 percent of Americans use automatic recurring payments, yet they could potentially be paying for services they don’t need. Control Tower provides customers a single view of their digital financial footprint, including places their Wells Fargo Debit or Credit Card or account information is connected — such as recurring payments, certain third-party data aggregators, and mobile wallets.
The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), and the Wells Fargo Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.
Wells Fargo Bank, N.A., said today it is increasing its prime rate to 5.25 percent from 5.00 percent, effective tomorrow, Sept. 27, 2018.
While many of these investors have significant investments, that money isn’t necessarily available for sudden expenses, particularly if it is locked in tax-deferred retirement accounts that may be subject to taxes and IRS penalties for early withdrawals. These findings are based on the third-quarter Wells Fargo/Gallup Investor and Retirement Optimism Index survey, conducted Aug. 13-20, 2018. “I’m intrigued that the findings show confidence in both the personal and economic dimensions remain high yet close to half would be challenged to handle an unexpected expense of $5,000,” said Dan Prebish, director of Life Event Services at Wells Fargo Advisors.
Wells Fargo & Company (WFC) Chief Executive Officer Tim Sloan today shared progress with team members on the company’s ongoing transformation, which addresses industry trends and changes in customer behavior, during a regularly scheduled companywide town hall meeting. Sloan, who hosts bi-monthly town halls broadcast live to all team members, noted that through these efforts, Wells Fargo is continuing to make fundamental changes designed to make the company more customer-focused, streamlined, and better positioned for long-term success and operational excellence. This work includes strengthening risk management, simplifying operations, leveraging digital automation, divesting non-core businesses, and continuing to become a more efficient company.
According to a new survey on corporate giving from the Chronicle of Philanthropy, the Wells Fargo Foundation is the No. 2 corporate cash giver in the U.S. and the top financial institution in overall giving. Earlier in 2018, the Wells Fargo Foundation announced it would contribute $400 million to communities across the U.S. – a 40 percent increase in giving – and it is currently on track to reach that milestone. “We wholeheartedly believe that business can and should play a role in building stronger communities,” said Jon R. Campbell, president of the Wells Fargo Foundation.
Wells Fargo (WFC) today announced $1 million in donations to support communities impacted by Hurricane Florence and the activation of special disaster assistance for customers in North Carolina, South Carolina, Virginia and Georgia. “Our thoughts and prayers are with everyone affected by Hurricane Florence,” said Chief Executive Officer Tim Sloan. The Wells Fargo Foundation will donate $1 million to support hurricane relief efforts with $500,000 going to the American Red Cross and the remaining $500,000 to be disbursed in the coming weeks to non-profits located in affected communities.
The Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and administered by the National Renewable Energy Laboratory (NREL), is expanding its program to advance technologies that address the interconnection of food, water and energy. The Donald Danforth Plant Science Center will be a strategic partner to help further develop and validate promising agriculture technologies addressing critical sustainability challenges.
Wells Fargo & Company , as previously announced, will report its third quarter 2018 earnings on Friday, October 12, 2018, at 5 a.m. PT . The news release will be available at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.
Wells Fargo Real Estate Investment Corporation (NYSE:WFE Pr A) announced today that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. The dividend is equal to $0.3984375 per share of Series A preferred stock. Wells Fargo Real Estate Investment Corporation is an indirect subsidiary of Wells Fargo & Company and is qualified as a real estate investment trust for federal income tax purposes. Wells Fargo & Company (WFC) is a diversified, community-based financial services company with $1.9 trillion in assets.
Wells Fargo & Company (WFC), NeighborWorks® America and its network member Neighborhood Finance Corporation today announced the NeighborhoodLIFT® program will expand to the Des Moines area with a $4.7 million commitment by Wells Fargo to boost homeownership in Polk County.
Anthony Norris, a portfolio manager of the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), has announced his intention to retire from Wells Fargo Asset Management (International), LLC, and the institutional investment industry on October 3, 2018. There will be no change to the investment philosophy or process as a result of this transition.