|Bid||48.91 x 1300|
|Ask||49.38 x 3100|
|Day's range||48.42 - 49.17|
|52-week range||38.17 - 53.23|
|Beta (5Y monthly)||1.57|
|PE ratio (TTM)||7.76|
|Forward dividend & yield||2.08 (4.25%)|
|Ex-dividend date||03 Nov 2023|
|1y target est||N/A|
Wells Fargo (WFC) puts aside $750 million to less than $1 billion for severance expenses in the fourth quarter of 2023.
Big Bank CEOs testified before the Senate Banking Committee on Wednesday, responding to lawmaker inquiries into banking regulation and the Federal Reserve's proposed capital requirements. Senator Mark Warner (D-VA) joined Yahoo Finance’s Jennifer Schonberger to weigh in on the US financial system. Addressing the alarm raised by various bank executives regarding the Fed’s capital requirements, Sen. Warmer states plainly: “they’ve got an argument." Warner expresses frustration with banks’ reluctance to use tools such as the “discount window” that could address issues including liquidity risk. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Citigroup's (C) markets division is negotiating a structure to acquire a minority stake in LuminArx gradually.