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)
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 […]
Corning Incorporated (NYSE:GLW) Strikes Amended Credit Agreement With Financial Institutions
Boston, MA 10/06/2014 (wallstreetpr) – Corning Incorporated (NYSE:GLW) disclosed that it struck an amended and restated credit deal with the financial institutions. As a result, it would be in a position to have $200 million worth of credit in different currencies like, Dollars, Yen, Sterling and Euros. The latest agreement replaced its earlier deal struck in […]
Wells Fargo & Co (NYSE:WFC) Names Former Barclays Officer, Marty Courage, As Regional Director Of Its Private Bank In Boston
Boston, MA 09/26/2014 (wallstreetpr) – Financial services provider, Wells Fargo & Co (NYSE:WFC) disclosed that it has appointed a former Barclays officer, Marty Courage, as its Regional Director for its Boston office of the company’s Private Bank. Wealth Management Functions Wells Fargo & Co (NYSE:WFC) stated that he would be stationed in Boston and would manage […]
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