49.02 0.00 (0.00%)
After hours: 5:31PM EST
|Bid||49.02 x 40000|
|Ask||49.18 x 1000|
|Day's Range||48.95 - 49.75|
|52 Week Range||43.02 - 60.48|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||11.45|
|Earnings Date||Apr 12, 2019|
|Forward Dividend & Yield||1.80 (3.65%)|
|1y Target Est||57.00|
Feb.22 -- U.S. Senator Elizabeth Warren renewed her call for the ousting of Wells Fargo & Co. Chief Executive Officer Tim Sloan, saying the Federal Reserve shouldn’t lift an order restricting the bank’s growth until he’s gone. Bloomberg's Lananh Nguyen reports on "Bloomberg Markets."
The sale of the San Francisco-based company would mark a rare divestiture among Berkshire Hathaway's holdings.
Senator Elizabeth Warren has made her view clear -- again and again -- that the bank can’t resolve its scandals until it names an untainted replacement for Chief Executive Officer Tim Sloan. The obvious internal contenders have, like Sloan, worked at the lender for more than a decade, a period of various misconduct. Finding an external candidate groomed to run the fourth-largest U.S. bank probably means poaching from just a few peers.
In part two of our Q&A, he talks about his hard-core hobbies, why China is the place to be for stock investors, and why he’s open to automated investing. Perry Mattern, a former broker for (WFC) Advisors in Denver, had wanted for some time to go independent and serve as a fiduciary for all of his clients.
Big banks continue to face legal actions for their past business mishandlings. The city of Philadelphia accuses seven major banks of colluding over municipal bonds.
, was appointed by a judge last year to look into the U.S. end of an alleged international fraud that ran for years across the U.S., India, Hong Kong and the United Arab Emirates. Mr. Choksi, chairman of the company that owns Samuels, is wanted by Indian authorities and contact information for him isn’t available. Samuels was used to circulate money, through deals involving “puppet vendors” and “paper companies,” that engaged in sham transactions among Choksi-controlled entities, helping to deceive Punjab National Bank into providing international trade financing to entities controlled by Mr. Choksi, according to the report filed late Wednesday in a bankruptcy court in Delaware.
The Wells Fargo Income Opportunities Fund , the Wells Fargo Multi-Sector Income Fund , the Wells Fargo Utilities and High Income Fund , and the Wells Fargo Global Dividend Opportunity Fund have each announced a distribution.
In the spirit of the great Eric Miller, Chief Strategist at Donaldson, Lufkin and Jenrette when I worked there in the 1990s, here are some Random Gleanings from today's market activity. There is no bigger Duke Blue Devil fan than me. To see Zion Williamson go down 36 seconds into the game after his Nike PG 2.5 blew out was really disheartening to Duke fans everywhere.
The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. In a complaint filed on Wednesday night, Philadelphia accused Bank of America Corp, Barclays Plc, Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co of secretly manipulating rates for tax-exempt bonds known as VRDOs, or variable-rate demand obligations.
The antitrust lawsuit accused Bank of America Corp., Barclays, Citigroup, Goldman Sachs Group, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co. of secretly manipulating rates for tax-exempt bonds.
Wells Fargo increased its philanthropic impact in 2018 by donating $444 million to nearly 11,000 nonprofits to help communities and people in need. The company has been committed to local communities throughout its 167-year history and has increased its philanthropy 25 times over the past 28 years. “We approach philanthropy with a problem-solving mindset,” said Wells Fargo CEO and President Tim Sloan.
Recession models beg to differ. Wells Fargo’s model -- which draws on the spread between three-month and 10-year Treasury yields as well as economic figures -- shows chances of a U.S. recession within 12 months jumped in December and climbed to just above 40 percent in January. “Despite the increased recession probability, long-dated equity volatility is actually trading lower than in previous years,’’ Pravit Chintawongvanich, a Wells Fargo equity derivatives strategist, wrote in a note.
(Bloomberg) -- Swedbank AB, which has been dragged into a money laundering case that has spread from the Baltic region, used Deutsche Bank AG and Wells Fargo & Co. for U.S. dollar correspondent banking services in Estonia, archived bank documents show.
Is Warren Buffett Expecting a Market Crash?(Continued from Prior Part)Warren BuffettLast week, Berkshire Hathaway (BRK-B) released its much-anticipated 13F for the fourth quarter. Berkshire added more shares of US Bancorp, JPMorgan Chase, Bank of
WASHINGTON—Wells Fargo & Co. Chief Executive Timothy Sloan is expected to appear solo before the House Financial Services Committee on March 12, people familiar with the matter said, as the committee reviews the bank’s consumer-abuse scandals. Mr. Sloan would be the first bank chief to face House Democrats who took over the Financial Services Committee in the new Congress. The executive is also set to testify a second time on April 10, along with the heads of other large U.S. banks, including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley.
Warren Buffett's Investments: Did He Play It Safe in Q4?(Continued from Prior Part)Banking stocks Warren Buffett, Berkshire Hathaway’s (BRK-B) chairman, has a flair for financial stocks (XLF). Berkshire Hathaway is the largest shareholder in Wells
Berkshire Hathaway added a surprisingly small amount of stocks to its huge equity portfolio during the fourth-quarter market decline.