|Bid||40.82 x 1200|
|Ask||40.83 x 1800|
|Day's Range||40.47 - 41.42|
|52 Week Range||35.25 - 48.84|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||11.74|
|Earnings Date||Jul 14, 2023|
|Forward Dividend & Yield||1.20 (2.91%)|
|Ex-Dividend Date||May 04, 2023|
|1y Target Est||48.75|
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For much of the last three years, banks could feel pretty good about their loan books—but as worries of a weakening economy mount, cracks in the health of bank borrowers are starting to show.
When JPMorgan Chase bought First Republic Bank in May, all eyes were on its CEO, Jamie Dimon. Here’s how the executive’s strategy for managing risk propelled him to the top of the banking world. Photo illustration: John McColgan
Per the U.S. District Judge Larry Alan Burns, cardholders must file a lawsuit against Bank of America (BAC) for its violation of state law by issuing cards, without standard security measures, to millions of people in California in 2020.
Showcasing mastery of the economic knowledge that helps young people achieve financial goals throughout their lives, student teams from Carmel High School of Carmel, Indiana, and Mt. Hebron High School of Ellicott City, Maryland, each earned first place finishes in divisions of the Council for Economic Education's 2023 National Economics Challenge (NEC).
This time of year it’s rare to hear anyone talking about stocks to buy in May. Instead the opposite “sell in May and go away” makes its rounds in the media, the latest round of alarm-sounding. It’s not a completely unfounded piece of advice— data does confirm that the market tends to perform better in the first part of the year compared to the second. But dig a little deeper and you’ll see that trying to time the market has been proven to be a poor strategy at any time of the year. The result of
SAN FRANCISCO, May 24, 2023--Wells Fargo & Company (NYSE: WFC) said today that Chief Executive Officer Charlie Scharf will present at the 39th Annual Bernstein Strategic Decisions Conference on Wednesday, May 31, 2023 at 8:00 a.m. ET.
In this article we present the list of 12 Best Spring Stocks To Buy Now. Click to skip ahead and see the 5 Best Spring Stocks To Buy Now. If historical trends are anything to go by (and they usually are), then financial stocks like Mastercard Incorporated (NYSE:MA), PayPal Holdings, Inc. (NASDAQ:PYPL), and JPMorgan Chase & […]
DirectBooks announced today that BMO Capital Markets, Blaylock Van, and American Veterans Group have joined the platform. These recent additions increase the total number of underwriters on DirectBooks to 31, including 5 diversity underwriting firms, and complements a community of more than 375 institutional investors. The core offering now consists of Investment Grade, Emerging Markets, High Yield, and Sovereigns, Supranationals & Agencies (SSAs) issuances across USD, EUR and GBP markets.
At the Investor Day conference, JPMorgan (JPM) provides more details about FRC deal synergies, expense outlook (with focus on tech spending) and the potential recession.
Bank branches are going the way of video stores and pay telephone booths, and there's nothing financial consumers can do about it. In Philadelphia, Wells Fargo has closed 17% of its local bank branches since 2020. Regional kingpin PNC is not far behind, shuttering 15% of its branches in the Philadelphia area, according to the Philadelphia Business Journal.
SAN FRANCISCO, May 19, 2023--Wells Fargo & Company (NYSE: WFC) today announced dividends on eight series of preferred stock.
Editor's note: This profile is part of CBJ's special report on the 40 Under 40 Awards program in 2023. Age: 32 Current job: Wealth and investment governance risk officer, Wells Fargo & Co. Education: B.
EnerCom, Inc. announced today that registration is open for EnerCom Denver® - The Energy Investment Conference. Institutional investors, portfolio managers, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver - The Energy Investment Conference, which will take place August 13-16, 2023, at the Westin Denver Downtown.
Zacks.com users have recently been watching Wells Fargo (WFC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NORTHAMPTON, MA / ACCESSWIRE / May 17, 2023 / Wells Fargo WASHINGTON, May 17, 2023 /3BL Media/ - This week, SaverLife, a national fintech nonprofit and advocacy organization, announced a new research initiative called "The Downpour." This initiative ...
Wells Fargo & Company ( NYSE:WFC ) shareholders might be concerned after seeing the share price drop 20% in the last...
Wells Fargo agreed to pay shareholders $1 billion in damages to settle a class-action lawsuit filed against it, stemming from a fake accounts scandal that surfaced in 2016.
Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders who alleged the bank made misleading statements about its compliance with federal regulators after a fake account-opening scandal came to light in 2016. The class-action lawsuit was filed on behalf of hundreds of thousands of public employees of Rhode Island and Mississippi whose retirement funds had invested in Wells Fargo. Wells Fargo has been sanctioned repeatedly by U.S. regulators for violations of consumer protection laws going back to 2016, when employees were found to have opened millions of accounts illegally in order to meet unrealistic sales goals.
The Yahoo Finance Live team discusses Wells Fargo paying $1 billion to settle its shareholder lawsuit, the company's previous controversies, and banking sector turmoil.
Wells Fargo agreed to settle a lawsuit brought by investors alleging the bank failed to meet compliance requirements. Read on for the details.
Larta Institute (Larta), a non-profit organization accelerating innovation and entrepreneurship to feed, fuel and heal the world, today announced the inaugural cohort of startups that have been selected for its Venture Fellows program. The cohort of 14 startups, drawn from applicants based in Los Angeles and Miami, will receive support for their innovative concepts to enhance urban climate resilience.
Complaint revolved around the bank’s cleanup of its 2016 fake accounts scandal.
At the end of last year, the fourth-largest bank in the U.S. agreed to pay $3.7 billion to settle a Consumer Financial Protection Bureau investigation over loan mismanagement for over 16 million customers. Past settlements also include $175 million over allegations that it spent years charging higher rates and mortgage fees to black and hispanic candidates and another $185 million in fines over opening 500,000 credit cards without the customers' consent. In 2020, the same accusations over what in the banking industry is now notorious as the "fake-accounts scandal" led Wells Fargo to pay $3 billion to the Department of Justice and the Securities and Exchange Commission.
Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. U.S. District Judge Gregory Woods in Manhattan federal court granted preliminary approval on Tuesday to the all-cash settlement, which had been filed the night before. Woods scheduled a Sept. 8 hearing to consider final approval.
Wells Fargo (WFC) agreed to pay $1 billion related to a shareholder lawsuit accusing it of overstating progress on resolving its 2016 fake account scandal.