|Bid||56.71 x 4000|
|Ask||56.72 x 900|
|Day's Range||56.43 - 57.03|
|52 Week Range||49.27 - 66.31|
|PE Ratio (TTM)||14.07|
|Earnings Date||Oct 12, 2018|
|Forward Dividend & Yield||1.56 (2.75%)|
|1y Target Est||61.65|
Info tech shares could be in for a rough day after disappointing results from Netflix, Inc. (NASDAQ: NFLX). The NFLX sneeze appears to have given all the “FAANG” stocks a cold, as high-flying shares gave back ground in pre-market trading and the tech-heavy Nasdaq (COMP) dropped 1 percent. Over in the financial sector, Goldman Sachs Group Inc. (NYSE: GS) became the latest bank to handily beat Wall Street analysts’ estimates.
No Barriers Warriors and Wells Fargo & Company (WFC) today announced the team of 12 veterans with disabilities selected to participate in the 2018 Warrior Strong: The Journey Continues expedition. This year’s expedition to Mount Whitney in California’s Inyo National Park is scheduled for Sept. 7–15 with a summit attempt scheduled for Sept. 11. The expedition will focus on the valued attributes that veterans bring to their communities and the workforce, with an emphasis on what veterans are capable of when given the chance.
Mary Mack's was in Baltimore for her 90th listening session since she moved into her role overseeing Wells Fargo's community banking.
Why are the banks hated so much? I think, after reviewing JP Morgan , Citigroup , PNC Financial and Wells Fargo , I come back with the following impressions: The yield curve is hurting them on all fronts.
Bank of America’s Global Wealth and Investment Management business gained 74 financial advisors in the second quarter, even as troubled Wells Fargo lost 173. GWIM now counts 19,350 advisors, including Merrill’s thundering herd, advisors in B of A’s consumer banking business, and those in the U.S. Trust business. Year over year, GWIM’s advisor corps has grown 2%.
The impact of high property values and rising mortgage rates that shut some buyers out of the spring real estate market is starting to show up in the quarterly results of some of the nation's banks. Wells Fargo & Company ( WFC), JPMorgan Chase & Co. ( JPM), Citigroup Inc. ( C) and The PNC Financial Services Group, Inc. ( PNC) all reported second quarter results showing signs of weakness in mortgage originations. According to National Mortgage News, the national bank reported income of $770 million in its mortgage banking unit, which is down from $934 million in the first quarter and below the $1.1 billion the unit had in last year's second quarter.
Wells Fargo & Co (NYSE: WFC ) underperformed in its July 13 second-quarter earnings report, but Keefe, Bruyette & Woods saw enough positive signals in the print to raise EPS estimates for the bank. The ...
Second-quarter earnings arrived for big banks in earnest last Friday amid a spate of reports from the financial services sector. Exchange traded funds tracking financial services stocks were tested last ...
JPMorgan Chase (JPM) reported an 18% higher profit than analysts’ expectations in the second quarter to $8.32 billion. According to Barclays analysts, the bank exceeded analysts’ estimates for the 14th straight quarter. The bank’s trading revenues rose 13% to $5.4 billion, while the loan growth rose 4% to $948.4 billion. The bank’s yield on interest-earning assets was at 2.46%.
Stocks like Bank of America (NYSE:BAC) have failed to hold a rally more than a few hours. Yes, BAC stock is a good value, but that doesn’t mean it will rally much farther. Unlike Wells Fargo (NYSE:WFC), BAC management delivered quality results, so they did not give the bears reason to sell BAC stock from their executions on plan.
The first batch of second quarter bank earnings failed to inspire buying interest in Friday's session, triggering minor downturns in shares of JPMorgan Chase & Co. ( JPM), Citigroup Inc. ( C) and Wells Fargo & Company ( WFC). The limp reaction despite tax cuts and a booming U.S. economy continues bearish action in place since January, when the stocks in the commercial banking sector topped out and entered intermediate corrections. The November 2016 presidential election finally triggered a breakout, but given the Federal Reserve's aggressive rate hike schedule, it's possible that the sector's multi-year uptrend has run its course.