|Bid||48.01 x 4000|
|Ask||48.05 x 900|
|Day's Range||47.75 - 48.31|
|52 Week Range||43.34 - 54.75|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||11.91|
|Earnings Date||Apr 13, 2020|
|Forward Dividend & Yield||2.04 (4.24%)|
|Ex-Dividend Date||Feb 05, 2020|
|1y Target Est||50.70|
The embattled bank’s shares were once Buffett’s “Big Four” investments. Berkshire Hathaway sold more than 55 million Wells Fargo shares in the fourth quarter.
(WFC) is searching for a new wealth and investment management chief after it bumped Jon Weiss to a new position in charge of corporate and investment banking. The changes are part of a major business-line restructuring under relatively new CEO Charles Scharf. Speaking of Wells Fargo, it has ended forced arbitration for employees’ sexual harassment claims.
Wells Fargo & Co.'s Charlotte operations will likely see an influx of technology workers in the coming months.
Angel Buchanan knows how important it is to stand out in a crowded Central Florida banking market. The South Central Florida region bank president for Wells Fargo & Co. is one of two presidents in the market for the area's third-largest bank, with more than $7.47 billion in local deposits, according to Orlando Business Journal research. On the hiring front, Buchanan has targeted the creation of a diverse team, including military veterans, for which she had the second-highest hiring rate across the company.
Restructuring efforts and use of technology to enhance revenues have been the main themes for banks over the last five trading days amid concerns related to impact of Covid-19 virus globally.
This is the latest in the Series B round of funding for Elliptic, which saw $23 million pouring in earlier in funding led by Japanese banking giant SBI Holdings Inc. (OTC: SBHGF). Elliptic Discovery is a risk management solution for banks that lets them assess the risks associated with their customers trading in cryptocurrencies. Many of the institutions that earlier shied away from cryptocurrencies, either due to regulatory hurdles or due to the financial risks involved, are now looking towards adoption as Facebook Inc.'s (NASDAQ: FB) Libra cryptocurrency project started a storm last year that saw many central banks work on their own centralized version of digital currencies.
Wells Fargo & Co is planning to eliminate about 700 workers in Manila, Philippines, and move a portion of these roles to India that already houses nearly 12,000 tech employees, the U.S. bank's spokesman said on Thursday. The eliminations of the staff was earlier reported by Bloomberg, which also said the lender is telling about 650 of its tech workers in the United States that they will be required to relocate to a bigger market to keep their jobs.
Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer John Shrewsberry will present at the Credit Suisse 21st Annual Financial Services Forum in Key Biscayne, Florida, on Thursday, February 27, 2020, at 8:40 a.m. ET (5:40 a.m. PT).
The Business Journal spoke with Gary Pirri, Wells Fargo market executive for New England commercial banking, about how the middle market is faring in Boston.
Saying it has ‘zero tolerance’ for sexual harassment, the No. 4 U.S. bank says it will no longer force employees to resolve sexual harassment claims via the confidential process of arbitration.
The Timely Ten represents our top ten recommendations from the Undervalued category each month, asserts Kelley Wright, blue chip dividend expert and editor of Investment Quality Trends.
Moody's Investors Service, ("Moody's") has assigned provisional ratings to 18 classes of residential mortgage-backed securities (RMBS) issued by Provident Funding Mortgage Trust 2020-1 (Provident 2020-1). Provident 2020-1 is the first transaction in 2020 entirely backed by loans originated by the sponsor, Provident Funding Associates, L.P. (Provident Funding).
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The Philadelphia region’s largest deposit taker, which also employs more than 6,000 people locally, made the decision following a shareholder proposal from Clean Yield Asset Management which has since been withdrawn.
Wells Fargo & Company (NYSE: WFC) today announced that, effective immediately, the company will no longer require arbitration for employees in connection with any future sexual harassment claims.
The bank is shifting Jon Weiss to a newly created job as part of its first major reorganization under CEO Charles Scharf.
Wells Fargo & Company (NYSE: WFC) today announced that on March 16, 2020, it will redeem the remaining 1,802,000 shares (the "Redeemed Shares") of its Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series K (the "Series K Preferred Stock").
Wells Fargo & Company (NYSE: WFC) today announced that on March 16, 2020, it will redeem 26,720 shares (the "Redeemed Preferred Shares") of its Non-Cumulative Perpetual Class A Preferred Stock, Series T (the "Series T Preferred Stock"). The redemption of the Redeemed Preferred Shares will trigger the redemption of 26,720,000 shares of the related depositary shares (the "Redeemed Depositary Shares"), each representing a 1/1,000th interest in a share of Series T Preferred Stock (the "Series T Depositary Shares"). The Redeemed Depositary Shares will be selected in accordance with the standard procedures of The Depository Trust Company.