54.62 +0.16 (0.29%)
After hours: 4:58PM EDT
|Bid||54.21 x 4000|
|Ask||54.94 x 3100|
|Day's Range||53.19 - 55.01|
|52 Week Range||50.26 - 66.31|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||12.86|
|Earnings Date||Jan 15, 2019|
|Forward Dividend & Yield||1.72 (3.30%)|
|1y Target Est||62.00|
Wells Fargo & Company (WFC) today issued a reminder to warrant holders that the Company’s publicly traded warrants to purchase common stock (NYSE:WFC WS) are set to expire on Sunday, Oct. 28, 2018. The NYSE has notified the Company that it will suspend trading in the warrants after the close of trading on Oct. 24, 2018 so that all trades can be settled by Oct. 29, 2018. A warrant holder can obtain further information on exercising the warrants by contacting their broker or Equiniti Trust Company, the Company’s warrant agent.
Wells Fargo & Company (WFC) today announced $200,000 in donations to three local nonprofits to support housing, education and small business programs for New Mexico residents. “It’s always a great day when we see positive and lasting change taking place,” said David Hockmuth, New Mexico region bank president. The Wells Fargo grants are intended to support neighborhood revitalization efforts through the Wells Fargo NeighborhoodLIFT® program funded by the Wells Fargo Foundation.
A new report from Wells Fargo Institutional Retirement and Trust details the specific features of a well-designed 401(k) plan that are most effective in helping employees amass the savings they need to replace 80 percent of their income in retirement. For the report, 2018 Driving Plan Health, Wells Fargo Institutional Retirement and Trust analyzed more than 2,000 401(k) plans representing more than 4 million eligible employees in a range of industries. “When U.S. workers are saving in 401(k) plans that have the right combination of features, we believe they have a significantly better chance of amassing the savings they need to retire comfortably,” said Mel Hooker of Wells Fargo Institutional Retirement and Trust.
A bounce-back quarter, rising interest rates, and putting distance between itself and its many recent scandals are all positives. It's also dirt cheap.
On October 16, Morgan Stanley (MS) shares were trading ~2% higher during the pre-market trading session. The investment bank reported better-than-expected third-quarter results. The company’s top and bottom lines beat analysts’ estimates and marked a significant improvement YoY (year-over-year).
Wells Fargo seeks investment firm license for new EU/EEA investment banking and capital markets platform, Wells Fargo Securities Europe S.A. ACPR), which is responsible for supervising the French banking and insurance sectors. This announcement is part of the company’s Brexit strategy, which is predicated on supporting the capital markets and investment banking needs of Wells Fargo’s customers in a post Brexit environment.
On October 15, Bank of America (BAC) reported overwhelmingly positive third-quarter results. Its top and bottom lines not only beat analysts’ expectations but also marked significant YoY (year-over-year) improvement. The second-largest US bank after JPMorgan Chase (JPM), BAC benefited from higher spreads, loan growth, cost controls, and lower taxes.
Zacks Investment Ideas feature highlights: JP Morgan Chase, Citigroup, Wells Fargo, Bank of America and Bank of New York Mellon
NEW YORK, NY / ACCESSWIRE / October 15, 2018 / It’s earnings time for banks and Wells Fargo already delivered its earnings report with Bank of America reporting today. Bank of America is the next big bank to report its earnings today following the release of Wells Fargo's earnings last week. Bank of America has said that the records were copied and returned to the bank and still exist in its system.
Wells Fargo Home Lending has entered into an agreement with eOriginal, a leading digital solution provider for the mortgage industry, to enable the purchase of eNotes through Wells Fargo’s correspondent channel, Wells Fargo Funding. “Our ability to purchase eNotes is the latest step in our expansion in the digital lending space that broadens our approach to serving consumers and clients as we transform our mortgage business,” said Michael DeVito, head of Wells Fargo Home Lending. As the evidence of the obligation to repay the mortgage loan, the eNote needs to be stored digitally in a way that ensures it has the same legal enforceability as paper.
JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. posted double-digit profit increases in the third-quarter, largely because of a pickup in income from consumer lending and spending. Rising interest rates make it more expensive for households to maintain a borrowing binge that has reached record highs in some categories, yet banks reported Friday that default rates nonetheless improved in the third quarter. Markets around the world have struggled this week to come to terms with how rising interest rates and government bond yields will ripple through the economy, as well as with the impact of the U.S.’s antagonism toward key trading partners.
JPMorgan Chase's Jamie Dimon promised bank branches in brand new cities, and regulatory filings show the company plans on expanding to Minneapolis, Nashville, Kansas City and Raleigh.
The major benchmarks recovered some ground to close a miserable week for stocks, with JPMorgan Chase and Wells Fargo among the first to report third-quarter earnings.
Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank made headway in its cost-cutting plan and worked to put past misdeeds behind it. Non-interest expenses in the third ...
Despite the Fed's rate hikes and balance sheet unwind, three of the largest U.S. banks reported improving yield on interest-bearing assets.