|Bid||46.29 x 1400|
|Ask||0.00 x 900|
|Day's Range||46.38 - 47.49|
|52 Week Range||46.38 - 66.31|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||10.99|
|Earnings Date||Jan 15, 2019|
|Forward Dividend & Yield||1.72 (3.60%)|
|1y Target Est||61.59|
Former Wells Fargo Chairman and CEO Richard Kovacevich speaks with CNBC's "Squawk on the Street" team about the financial sector.
Moody’s says it foresees a “favorable operating environment” for banks in 2019 amid strong earnings and other positive economic indicators. Yahoo Finance’s Alexis Christoforous and Moody’s Investors Service VP & Senior Credit Officer Rita Sahu discuss.
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.
Ryan McQueeney and Maddy Johnson discuss the latest trade war news, Under Armour's investor day, hemp legalization, and Robinhood's checking and savings accounts.
Effective December 14, 2018, Andrew Tuttle, CFA, of Crow Point Partners, LLC, a subadvisor to the Wells Fargo Global Dividend Opportunity Fund (EOD) and the Wells Fargo Utilities and High Income Fund (NYSE American: ERH),1 has been added as a portfolio manager of the equity sleeves for both funds. The funds’ investment philosophies and processes will remain the same.
(Bloomberg) -- U.S. leveraged loan funds saw $2.53 billion of net outflows in the week ended Dec. 12, the biggest decline on record, as jittery markets rattle demand for riskier assets.
Wells Fargo & Co. underwrote the most SBA-backed loans across South Texas in the past year. Here's what a top local executive saw in the market.
This year’s resilient market environment has managed to beat many hedge funds, including Philippe Jabre’s Jabre Capital Partners, John Jacobson’s Highfields Capital Management, John Labanowski’s Brenham Capital Management, Joshua Kaufman’s Brenner West Capital Partners, Jason Karp’s Tourbillion Capital Partners to name a few. Some of these are large hedge funds that have managed billions of […]
Policy makers led by President Mario Draghi confirmed that they’ll stop net purchases this month, ending almost four years of quantitative easing. Signaling it’s still a way from tightening policy, the Governing Council changed its guidance to say maturing debt will be reinvested “for an extended period of time past the date when it starts raising the key ECB interest rates.” Rates will remain at record lows “at least through the summer” of 2019. While the decision will likely be welcomed by nations such as Germany that have long complained about ultra-loose policy, it comes at a testing time.
Currency strategists see a rough stretch ahead for the pound, even after U.K. Prime Minister Theresa May survived a bid to oust her as she seeks to rally support for her Brexit deal. Given the number of votes that went against her, and the uncertainty ahead -- May still faces the daunting task of getting her Brexit plan past Parliament -- the pound’s next move is likely to be lower, according to Columbia Threadneedle Investments.
Wells Fargo & Company , as previously announced, will report its fourth quarter 2018 earnings on Tuesday, January 15, 2019, at 5 a.m. PT . The news release will be available at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.
New Age Beverages (NASDAQ:NBEV) gained nearly 8% during Tuesday’s action and added more than 3% more in after-hours trading after catching a cannabis tailwind. There just weren’t enough stocks like New Age Beverages yesterday to keep the market in the black though. Stock charts of Wells Fargo (NYSE:WFC), NRG Energy (NYSE:NRG) and Zoetis (NYSE:ZTS) are among the best of those possibilities heading into hump-day.
The bureau found students using accounts at these colleges paid more than $27 million in maintenance and overdraft fees during the 2016-2017 academic year. The Education Department under President Donald Trump never published the analysis but advocacy groups recently obtained it through a Freedom of Information Act request. It found that 1.3 million students attending these colleges had open and active accounts with their colleges' account providers.
While the US central bank is still widely expected to raise interest rates for a fourth time this year when it meets next week, the outlook for further rate rises in 2019 has become murkier amid trade worries, market turmoil and dovish comments from Federal Reserve chair Jay Powell. Fed funds futures are pricing in a 34 per cent chance that the central bank does not touch interest rates next year.
A previously unpublished Consumer Financial Protection Bureau analysis of fees associated with college students’ bank accounts found Wells Fargo & Co. products were overwhelmingly the most expensive, and fees were higher for accounts where banks paid colleges to market their products. The report confirms the findings in a Wall Street Journal investigation published in January that looked at the contracts banks had with more than 100 colleges and universities, and the fees that students pay on those accounts. The CFPB reviewed the fees associated with debit cards and other financial products provided by 14 companies to students at more than 500 colleges across the country in the 2016-17 year.
Opening RIA offices could help the business retain advisors, attract clients and brighten a narrative that has been darkened by scandals over the past two years