Wells Fargo & Company (WFC.SW)
| Previous Close | N/A |
| Open | N/A |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | N/A - N/A |
| 52 Week Range | 50.25 - 50.25 |
| Volume | |
| Avg. Volume | 0 |
| Market Cap | 170.724B |
| Beta (5Y Monthly) | 1.17 |
| PE Ratio (TTM) | 15.31 |
| EPS (TTM) | 2.94 |
| Earnings Date | Jul 12, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Yahoo Finance Video
Quality, scale matter most in banking sector: Portfolio manager
During Federal Reserve Chair Jerome Powell's latest press conference, he was bullish on the banking industry despite the prevailing high interest rate environment. To discuss their outlook on the banking sector, Zacks Investment Management Client Portfolio Manager Brian Mulberry and Whalen Global Advisors Chairman Chris Whalen join Market Domination. Mulberry notes that there hasn't been "another wave of bank failures," attributing previous failures to poor management and "overexposure to bad assets." However, he acknowledges that banks have rebounded, gained more liquidity, and strengthened their structures. Looking ahead, Mulberry emphasizes that quality and scale "will matter the most" for banks moving forward. On the other hand, Whalen advises looking at "the banks that actually perform well." Whalen expresses skepticism about the commercial banking sector's ability to achieve a soft landing scenario under the current high interest rate environment, citing "a horrific destruction of value." However, he suggests that the consumer side of banking remains relatively resilient. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Business WireWells Fargo Investment Institute Identifies Five Pivot Points for the Markets
SAN FRANCISCO, June 12, 2024--Wells Fargo Investment Institute (WFII) today released its "2024 Midyear Outlook: Approaching the Economy’s Pivot Point," which explores WFII’s belief that the pivot to positive momentum at the start of 2024 was driven by the combined forces of artificial intelligence, anticipated Federal Reserve (Fed) rate cuts, declining inflation, and the resumption of durable earnings growth. WFII strategists remain confident that five key points will likely continue to chart th
Business WireWells Fargo Introduces the New Attune℠ World Elite Mastercard®
SAN FRANCISCO, June 05, 2024--Wells Fargo Introduces the New Attune℠ World Elite Mastercard®
