|Bid||45.26 x 900|
|Ask||45.19 x 4000|
|Day's range||45.09 - 45.90|
|52-week range||43.02 - 59.53|
|Beta (3Y monthly)||1.23|
|PE ratio (TTM)||10.14|
|Earnings date||16 Jul 2019|
|Forward dividend & yield||1.80 (4.06%)|
|1y target est||52.00|
Citigroup's (C) restructuring and streamlining efforts, along with its strategic investments in core business, should bode well for the long term.
Wells Fargo Investment Institute (WFII) today released its “2019 Midyear Outlook Eyes Forward: Opportunities and Challenges.” The report makes the case that the current 10-year economic expansion is not over and that all avenues for investors to consider will require careful assessment. “The theme we adopted at the beginning of 2019, ‘the end of easy,’ still resonates,” said Darrell Cronk, president of WFII and chief investment officer of Wealth and Investment Management at Wells Fargo.
Today, Wells Fargo & Company named Debra Chrapaty as chief technology officer, making permanent a role she held on an interim basis since May. She will continue reporting directly to Saul Van Beurden, head of Technology at Wells Fargo.
Charlotte, North Carolina is the focal point of a brewing war between the big banks, as BB&T and SunTrust merge and giants Chase and U.S. Bank move in.
Wells Fargo & Company (WFC) announced today that it will waive all transfer fees for ExpressSend remittances from June 14 through June 17 in celebration of International Day of Family Remittances (June 16). The United Nations General Assembly adopted a resolution in 2018 endorsing the day to highlight the financial contributions migrant workers make to help their families back home, including funds for essential daily needs and the education of their children and support for economic development in their country of origin. According to the World Bank1, remittances to low- and middle-income countries reached a record high in 2018 of $529 billion, an increase of 9.6 percent from 2017.
Wells Fargo still hasn’t found a permanent CEO since former Chief Executive Tim Sloan left the bank in March. Its board’s pledge to find an outsider to run the bank is proving difficult.
THINGS TO KNOW Financial advisors at (WFC) might have hoped the bank would quickly find a replacement for former CEO Tim Sloan, who resigned in late March. A new chief might be able to further steer the company away from a recent history of scandals that have battered its reputation and led to regulatory consequences.
Bank to retain Eastdil’s public market investment banking and capital markets business to form a new Real Estate, Gaming, Lodging and Leisure industry coverage group
Wells Fargo (WFC) continues to make efforts to settle a two-year old lawsuit in order to concentrate more on the core business.
Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed. Another defendant, National General Insurance, agreed to pay $7.5 million, the New York Post reported. San Francisco-based Wells Fargo confirmed the agreement Friday and called it "an important step in making things right." The bank's statement said that it will be sending checks to affected customers.
Wells Fargo Real Estate Investment Corporation announced today that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A.
Two hundred volunteers from Wells Fargo and Kidz Express joined KaBOOM! to transform an empty site into a state-of-the-art playground in just six hours, serving thousands of families in the South Austin community. The new play area is located at Kidz Express, a 501(c)(3) nonprofit youth community center dedicated to improving the lives of more than 100 inner city children through academic support, peer mentoring, and leadership development. Kidz Express collaborated with Wells Fargo and KaBOOM! to ensure local youth have an exciting new place to play.
Today, Wells Fargo & Company named Kate Clifford-Toomey as chief operating officer for Corporate Risk, reporting to Chief Risk Officer Mandy Norton. Clifford-Toomey’s first day will be Sept.
Wells Fargo & Co. today announced that Nico Marais has been appointed chief executive officer and head of Wells Fargo Asset Management (WFAM), effective immediately. Marais most recently was co-CEO of WFAM and previously was WFAM president and head of Multi-Asset Solutions. “We have an outstanding team at WFAM, and I am confident that Nico is the right leader to take the business forward as it continues to grow and serve as a true partner to our clients,” said Jonathan Weiss, head of Wealth & Investment Management at Wells Fargo.
NeighborhoodLIFT® program awards local initiative grants to four organizations serving the Hattiesburg and Jackson communities
Wells Fargo & Co board members are considering keeping interim Chief Executive Allen Parker in the job permanently even after saying they would seek an outsider to fill the role, according to two sources familiar with the board's thinking. Parker, 64, was thrust into the position in March when former CEO Tim Sloan resigned abruptly, saying pressure from politicians and regulators had become a distraction in running the scandal-plagued bank. Critics like U.S. Senator Elizabeth Warren, a Democratic presidential candidate, had argued Sloan's 30-year tenure made him incapable of changing an internal culture that fueled a string of customer abuses.
Wells Fargo today announced an evolution of its philanthropic strategy to help address three critical issues affecting underserved communities: housing affordability, financial health and small business growth. The Company, through its business and the Wells Fargo Foundation, will use its resources and expertise to develop new ideas and implement solutions in communities of need in collaboration with public- and private-sector organizations.