JP Morgan, Other Banks Are Strong Financially. Why Earnings Don’t Reflect It.

Text size Wells Fargo added $8.4 billion to reserves in the second quarter of 2020, released $1.6 billion a year later, and added $580 million in the most recent quarter. Michael M. Santiago/Getty Ima...

The Stock Market Had a Great Week. Can the Good Times Last?

Text size *** ONE-TIME USE *** People attend the Mega Job Fair held at the FLA Live Arena on June 23, 2022 in Sunrise, Florida. The job fair had 8,000 jobs available from 100 different employers and e...

Is the Stock Market or Post Office Open Today? The Fourth of July Trading Hours.

Roberto Schmidt/AFP/Getty Images Text size Investors are likely getting out their hamburger buns—and putting away their stock trading apps—on Monday for Independence Day. This year, the Fourth of July...

Is the Stock Market Open Today? Here Are the Fourth of July Trading Hours.

Roberto Schmidt/AFP/Getty Images Text size Investors are likely getting out their hamburger buns—and putting away their stock trading apps—on Monday for Independence Day. This year, the Fourth of July...

General Mills and Micron Raised Their Dividends. Banks Will Soon, Too.

Text size Justin Sullivan/Getty Images General Mills and Micron Technology declared dividend increases this week, and various large banks announced plans for their disbursements. General Mills (ticker...

The Best Income Investments Now

Income-oriented investors, it’s time to celebrate. There are suddenly many more opportunities—in areas ranging from junk bonds to real estate investment trusts—after the bear markets in stocks and bon...

Rather Than Quantity, Netflix Should Focus On Quality, Like Hulu

Netflix has some of the best TV out there with series like ‘Squid Game’. Should the streamer focus … [+] on a less is more approach? Photo by Noh Juhan for Netflix. Options are a goo...

Bank Stocks Boost Dividends After Fed Stress Tests

Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo , and Bank of America said they would rais...

Goldman Sachs and Wells Fargo Boost Dividends After Fed Stress Tests

Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo and Bank of America said they would raise ...

Goldman Sachs and Wells Fargo Boost Shareholder Payouts

The largest U.S. banks said they would increase payouts to shareholders after the Federal Reserve said the banks are able to keep lending in a severe hypothetical recession. Four of the six biggest ba...

Goldman Sachs and Wells Fargo Are Now Trading Below Book Value. Time to Pounce.

Text size Goldman Sachs stock is trading below book value. Spencer Platt/Getty Images The old saw is to buy Goldman Sachs when it trades below its book value—and investors once again have that opportu...

Feds Reportedly Launch Criminal Probe Into Wells Fargo Following Allegations Of Sham Job Interviews

Topline Federal civil rights prosecutors are investigating Wells Fargo’s hiring practices, the New York Times reported Thursday, weeks after the paper revealed some Wells Fargo managers had conducted ...

Bank of America and 4 More Financial Stocks for a Tough Market

Text size Bank of America is Wells Fargo’s top pick among the large U.S. banks. Justin Sullivan/Getty Images One couldn’t blame investors in the financial sector for feeling discouraged this year. Goi...

If There’s a Recession Coming, Not Even the Fed Could Stop It Now

The word recession is on the tip of everyone’s tongue. Influential investor and philanthropist George Soros is talking about it in Davos. The Federal Reserve, on the day minutes are published, is cons...

The Companies Cutting Staff, Freezing Hiring or Slashing Costs: See the List

Companies which saw substantial growth during the Covid-19 pandemic are starting to take a more cautious approach toward hiring and spending. From Peloton Interactive Inc. and Meta Platforms Inc. to T...

Chris Davis Whittles Down Top Holding Wells Fargo, Adds To Meta Platforms Stake

Summary The guru reduced his holdings of Wells Fargo WFC and American Express AXP . Davis also increased his positions in Meta Platforms FB , Viatris VTRS and Coupang. Chris Davis (Trades, Portfolio),...

Preferred Stocks Have Plunged This Year. But There Are Opportunities If You Know Where to Look.

The preferred-stock market has suffered one of its worst selloffs in decades as yields on leading bank preferred issues have risen to about 6% from 4%. But with yields now at their highest levels in f...

Billionaire George Kaiser’s Bank Drills Deeper Into the Oil Patch

Banks all over the U.S. and around the world have curtailed lending to the U.S. oil-and-gas sector. BOK Financial Corp. BOKF 1.09% has doubled down. The Tulsa, Okla.-based bank holding company for the...

Howard University Standout Gregory Odom Jr. Makes PGA Tour Debut At Wells Fargo Championship

Howard University standout Gregory Odom Jr. Wells Fargo Opportunity knocks for Gregory Odom Jr., a rising senior on Howard University’s golf team. The finance major makes his debut PGA Tour start at t...

Alibaba Stock Stake Slashed by Charlie Munger’s Daily Journal

Text size Charlie Munger attends the annual Berkshire shareholders meeting in Omaha in 2019. JOHANNES EISELE / AFP / Getty Images Daily Journal , which Charlie Munger had served as chairman until rece...

Inflation Is Here to Stay. How to Adjust Your Portfolio.

Inflation is rampant and ubiquitous today, from the gas pump to the grocery store. The U.S. consumer price index has quadrupled in the past year, from a 1.7% annual rate in February 2021 to 7.9% this ...

Wells Fargo to Pay to Settle Lawsuit Over Its 401(k) Plan

Wells Fargo has agreed to pay $32.5 million to settle a two-year-old case involving alleged self-dealing with the company’s 401(k) plan. Wells Fargo, which had previously sought to dismiss the lawsuit...

Apple Stock Is on Its Hottest Winning Streak Since 2003. What Happens Next.

Text size Apple stock is on a historical tear. Sascha Steinbach/Getty Images for Apple Apple stock hasn’t had a winning streak this hot since spring 2003. Shares in Apple (ticker: AAPL) have climbed i...

Bank Stocks That Can Outperform: Bank of America Has a List

Bank stocks have jumped in recent days, and the KBW Nasdaq Bank Index has climbed 8% in the past three weeks, as the Federal Reserve began raising interest rates March 16. Rising rates help banks as t...

Best Buy Stock: Earnings Reveal Tough Christmas Quarter. Company Raises Dividend.

Text size Best Buy is contending with short-term headwinds, but the electronics retailer is expecting business to pick up by fiscal 2025. Scott Olson/Getty Images Best Buy stock rose Thursday despite ...

It’s ‘Still Early’—Wells Fargo Issues Huge Bitcoin And Ethereum Price Prediction As Extreme Volatility Hits BNB, Solana, Cardano And XRP

Bitcoin and cryptocurrencies had a huge boom in 2021 with the combined crypto market exploding from under $1 trillion to around $3 trillion—with some predicting the market could grow much further. Sub...

Wells Fargo Won an Investor Dispute. Judge Says It Gamed the System.

In 2017, Brian Leggett, a Wells Fargo customer, filed an arbitration claim against the bank and one of its financial advisors, accusing them of negligence and breach of fiduciary duty in how they hand...

How To Make Blue Chips Pay You 6% To 7%

Book with page about preferred stock. Trading concept. Getty “America’s retirement fund” is looking awfully shaky. Income investors should consider replacing the over-owned S&P 500 index fund with...

These 3 Bank Stocks Won Earnings Season. They’re All Worth Buying.

Text size Wells Fargo is a good play for investors who can stomach a little uncertainty. Dreamstime This bank earnings season has had its winners and losers, but the winners couldn’t be more different...

Here’s How Much More Big Banks Spent Last Quarter Amid Rising Inflation Pressures

Topline Morgan Stanley and Bank of America were the latest major banks to report solid earnings on Wednesday, though both firms reported a smaller increase in expenses than rivals like JPMorgan Chase ...

Banks’ Earnings Show Lenders Aren’t All the Same. It’s Time to Pick and Choose.

Text size JPMorgan Chase and Citigroup both reported declines in trading revenue. Justin Sullivan/Getty Images The time has come to take a stock-picking approach to investing in banks. That was the le...

Wells Fargo Rally Shows Warren Buffett’s Mistake in Selling Big Stake in Bank

Text size Warren Buffett Drew Angerer/Getty Images One of Warren Buffett’s worst investment moves in an otherwise fabulous career was Berkshire Hathaway ‘s sale in 2020 of a big stake in Wells Fargo a...