69.49 +0.18 (0.26%)
After hours: 7:48PM EDT
|Bid||69.37 x 1000|
|Ask||69.49 x 4000|
|Day's Range||68.49 - 69.89|
|52 Week Range||59.87 - 80.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 13, 2018|
|Forward Dividend & Yield||1.28 (1.85%)|
|1y Target Est||83.94|
John Gerspach, Chief Financial Officer of Citigroup, will present at Morgan Stanley Financials Conference on Wednesday, June 13, 2018. The presentation is expected to begin at approximately 8:50 a.m.
Wells Fargo (WFC) benefited alongside other bankers from rising rates, which resulted in better rate spreads for existing loan books. The bank continues to command the highest net interest margins (or NIMs) among peers (XLF). However, rate hikes going forward aren’t expected to boost margins, and will instead put pressure on further lending due to higher interest rates.
Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover? Wells Fargo (WFC) continues to see a contraction in its loan book in recent quarters mainly due to strict underwriting guidelines and repayments from existing clientele. Overall banks (XLF) are facing difficulty in expanding their loan books amid rising interest rates, which has pushed corporates to reduce leverage.
Wells Fargo (WFC) has had a flat operating performance over the past six quarters compared to the stellar performances by its industry peers (XLF) mainly due to controversies involving the fake account opening scam and the latest news about the alteration of internal records. The bank is finding it difficult to shore up its loan book amid such controversies, and its efforts to bump up its integrity through new marketing campaigns are being derailed. The stock has tanked 9.6% over the past one quarter owing to weaker performance and continued controversies surrounding employee culture.
By Pete Schroeder WASHINGTON (Reuters) - President Donald Trump on Thursday signed into law the first rewrite of U.S. banking rules introduced following the 2007-2009 financial crisis. The legislation ...
In the weeks after any quarter, investors look to the Securities and Exchange Commission for a hint as to how the major money managers across the country used their money over the previous few months. As 13F filings become available to the public, analysts get a better and better sense of areas that may have proven especially popular or particularly unpopular for major hedge funds. With Q1 13F filings from all large hedge funds and institutional investors, trends are emerging.
Commodities-related revenue at the 12 biggest investment banks in the first quarter jumped 48 percent year on year driven by the U.S. energy sector and commodity indices, consultancy Coalition said on Thursday. Revenue from commodity trading, selling derivatives to investors and other activities in the sector climbed to $1.2 billion, the financial industry analytics firm said in a report. "Significantly higher U.S. power and gas results were driven by improved market conditions and some one-off transactions," Coalition said.
As it stands, Wells Fargo stock is down nearly 11%. If headlines are anything to go by, the once-revered financial institution will face even more challenges. The big bank’s troubles began with accusations that lower-level employees were creating fake customer accounts to meet impossible sales targets.
NEW YORK, NY / ACCESSWIRE / May 23, 2018 / U.S. markets fell Tuesday on geopolitical concerns after President Trump stated he was not happy with the current U.S. – China trade talks. The Dow Jones Industrial ...
Apple Inc. ( AAPL) has developed a reputation as a stalwart among the tech titans. According to Newsmax, the massive sell-off of Apple stock during Q1 of 2018 was the largest movement of its kind since at least the first quarter of 2008, when Bloomberg began to track this type of data. Apple surpassed all other companies in the S&P 500 for total shares sold during that time period.
As we learned in the previous article, last week, the United States and China held their second round of trade discussions. There seems to have been some progress—if only in principle—in addressing the widening trade deficit between the two countries. This year, China has also talked about opening up its financial (C) and automotive sectors (TSLA).
US-listed ETFs witnessed a huge jump in inflows last week mainly due to the surge in US equity inflows. According to FactSet, investors added $15.7 billion to the ETFs last week, which increased the YTD (year-to-date) inflows to $108.5 billion. More than 78% of the inflows were concentrated in US equity (MS) (GS) (C). US equity collected $12.3 billion, while international equity added $1.6 billion. US fixed-income ETFs had $1.8 billion, while international fixed-income garnered a moderate $536 million.
Millennials are leaving their mark on corporate culture. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Julia La Roche discuss whether these trends are happening in all sectors.