Wells Fargo & Co (NYSE:WFC) has become the latest major US bank to withdraw its support for financing of oil and gas projects in the Arctic. Wells Fargo will not finance Arctic oil projects The bank joins JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group (NYSE: GS), who have indicated that they won’t […]
Wells Fargo & Co (NYSE:WFC)
SEC Fines Wells Fargo & Co (NYSE:WFC) $35 million To Settle Probe On Improperly Recommended ETFs
The US Securities and Exchange Commission has ordered Wells Fargo & Co (NYSE:WFC) to pay a $35 million fine in a settlement regarding allegations that inappropriately recommended the risky investment to retirees and senior citizens. Wells Fargo fined for selling inappropriate investments to retirees According to the SEC, the Wells Fargo Advisors Financial Network and […]
Is It Wise To Invest In Huntington Bancshares Incorporated (NASDAQ:HBAN) At This Time?
In an article published on “The Motley Fool”, the author highlighted the three most expensive front-line bank stocks, Huntington Bancshares Incorporated (NASDAQ:HBAN), U.S. Bancorp (NYSE:USB) and Wells Fargo & Co (NYSE:WFC). The article focused on the concept that investment in big bank stocks doesn’t come cheap. Investors generally earn what they pay for when it […]
Wells Fargo & Co (NYSE:WFC) Faces Massive Outrage Over Religious Issues
Dozens of people who call themselves atheists have gathered outside Wells Fargo & Co (NYSE:WFC) in Las Vegas, Nevada. As per the reports, these people have been protesting against company’s discriminatory moves towards United Church of Bacon’s religious views. Where It May Lead: All the protestors looked angry. Many of them had play cards with […]
Wells Fargo & Co (NYSE:WFC) Expects Higher Litigation Costs
Wells Fargo & Co (NYSE:WFC) said that it increased the projected amount it need to pay as litigation costs. It is in excess of legal reserves and can amount to almost $1.2 billion for the quarter ended March 31, 2015 from $1.1 billion a quarter earlier. It is a key parameter considered by investors as […]
Why Wells Fargo & Co (NYSE:WFC) Will Introduce Ad Campaign Featuring Same-Sex Couple?
Wells Fargo & Co (NYSE:WFC) stated that it will launch its first ever national ad casting a same-sex couples. The new advertisement will also be the first of its kind in the U.S. banking industry. The bank and its peers have introduced same-sex couples in ads targeted to the LGTB group in recent years. However, […]
The Brokerage Unit Of Wells Fargo & Co (NYSE:WFC) Hires Eight Advisers
Wells Fargo Advisors which is the brokerage segment of Wells Fargo & Co (NYSE:WFC) announced that it hired eight advisers from Morgan Stanley (NYSE:MS) and brokerage company Edward Jones. Jonathan Zucker, G. “Carey” Revels and Craig Goldberg joined Wells Fargo from Morgan Stanley. Revels used to manage over $108 million in client assets at Morgan […]
General Electric Company (NYSE:GE) In Discussions To Sell $74b Lending, Leasing Portfolio To Wells Fargo & Co (NYSE:WFC)
General Electric Company (NYSE:GE) is holding initial discussions to formulate the terms of their contract for handing over to Wells Fargo & Co (NYSE:WFC). The company is planning on selling its leasing and lending operation to the Wells Fargo. GE’s portfolio is worth over $70 billion. It offers loans to mid-sized firms whose annual incomes […]
Wells Fargo & Co (NYSE:WFC) And General Electric Company (NYSE:GE) Initiate Talks Over Trading of Leasing and Lending Portfolio
General Electric Company (NYSE:GE) has decided to initiate talks with Wells Fargo & Co (NYSE:WFC) to sell its lending and leasing portfolio. As per the reports, U.S. commercial lending and leasing portfolio of GE is worth $74 billion. Road So Far: As per the information revealed by one of the people close to this deal, […]
Wells Fargo & Co (NYSE:WFC) Earns an A+ Credit Rating, But Continues To Decline
Wells Fargo & Co (NYSE:WFC) has been awarded an A+ credit rating, with a 3-star rating for its stock, by analysts at Morningstar. The announcement came after the company released its 1Q2015, beating analyst estimates by a good margin. The report indicated $1.04 earnings per share. However, the views of some other analysts are quite […]
Wells Fargo & Co (NYSE:WFC) Profit Falls After Employee Cost Increment
The recent hike in the employee cost has resulted in profit fall for Wells Fargo & Co (NYSE:WFC). The largest U.S. Mortgage lender has been under pressure for the past few months due to low-interest rates in the country. As per the reports, it’s the first time in the last five years when Wells Fargo […]
Experts Say Diamond Offshore Drilling Inc (NYSE:DO) May Drop Dividends
Boston, MA 11/28/2014 (wallstreetpr) – The fallout in the oilfield services industry may push Diamond Offshore Drilling Inc (NYSE:DO) to act like Seadrill Ltd (NYSE:SDRL) in a recent dividend move. The latter moved to suspend dividends as it seeks to save money and cut its huge debt. According to an article on Street Insider quoting […]
Is JPMorgan Chase & Co. (NYSE:JPM) Facing Capital Gap?
Boston, MA 10/14/2014 (wallstreetpr) – After the financial turmoil in 2008 and 2009, the regulators have become a little demanding to ensure that the financial institutions stay in line with the norms. This meant that even big banks such as JPMorgan Chase & Co. (NYSE:JPM) would have to lift their exposure towards debt securities as […]
Wells Fargo & Co (NYSE:WFC) And Telemundo Join Hands to Help Hispanics Realize Their Financial Goals
Boston, MA 10/14/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) disclosed that it joined hands with Telemundo to unveil a campaign meant to help Hispanics realize their financial goals. The company said that it launched a campaign focused on improving the financial knowledge of Hispanics. Customized Content Wells Fargo & Co (NYSE:WFC) said that the campaign […]
Cliffs Natural Resources Inc. (NYSE:CLF) Underperformance Prompts Downgrade
Boston, MA 10/06/2014 (wallstreetpr) – A series of poor performances by Cliffs Natural Resources Inc. (NYSE:CLF) that had gone unnoticed has finally caught the attention of research firms on Wall Street. A research finding by Nomura clearly shows that just like other players in the space the company is struggling due to a decline in prices […]
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