Text size Eaton Vance’s Adam Dunn expects cost cutting at Disney and a more balanced approach to growth and profitability at Disney+ under newly reinstalled CEO Bob Iger. Getty Images Sometimes, being...
Tag: Wells
Wells Fargo Suggests 2 Stocks to Buy
Are the markets heading up or down? Frankly nobody knows, with some experts saying the next leg is down again and others calling for further upside. Finding the solution to this conundrum, one financi...
Jim Cramer’s Investing Club meeting Tuesday: Wells Fargo, Emerson
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stick with Wells Fargo Ini...
JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about headwinds remain
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s reduced expectations for their fourth-quarter profits as higher interest rates b...
JPMorgan Chase, Bank of America and Wells Fargo earnings show the good, the bad and the ugly of people’s finances. So how are they holding up?
Friday’s wave of big-bank earnings gives an important glimpse into Americans’ finances amid high prices, rising interest rates and recession worries. At first glance, most consumers appear to be keepi...
Wells Fargo had its profit cut in half: ‘I’m still bullish’
Wells Fargo & Co (NYSE: WFC) ended slightly up on Friday even though it reported weaker-than-expected revenue for its fiscal fourth quarter. Pro’s take on Wells Fargo stock post earnings Its quart...
Jim Cramer’s Investing Club meeting Friday: Overbought, Wells Fargo
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Look to trim in an overboug...
Wells Fargo WFC Q4 earnings 2022
People walk past a Wells Fargo bank on 14th Street on December 20, 2022 in New York City. Michael M. Santiago | Getty Images Wells Fargo shares came under pressure Friday after the bank reported shri...
Wells Fargo Is Backing Out Of The Mortgage Market
(Photo by Robert Alexander/Getty Images) Getty Images Key takeaways Wells Fargo, the country’s third largest mortgage lender, is stepping back from the mortgage market. While not exiting it enti...
What’s up with Wells Fargo exiting their position as America’s top mortgage servicer and third largest originator?
This post originally appeared on The Basis Point: What’s up with Wells Fargo exiting their position as America’s top mortgage servicer and third largest originator? Wells Fargo is America’s largest mo...
Stocks moving after hours: Wells Fargo, Franchise Group
Wells Fargo (WFC) Wells Fargo announced it will create a more focused home lending business. The bank’s move comes amid with a stagnant housing market. Mortgage rates above 6.5% have put a dampe...
Wells Fargo is scaling back its mortgage-lending business
Wells Fargo & Co (NYSE: WFC) just revealed plans of trimming its footprint in home lending. Moving forward, it will offer home loans only to existing customers and “minority” borrowers. Wells Farg...
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Blo...
Wells Fargo VP Fired After Mid-Flight Urination Incident
Wells Fargo (WFC) – Get Free Report did not have a great year in 2022, and it looks like 2023 is kicking off with a real banger. The bank was called out for several of its major moves last year...
2023 is not the year to own Target stock: Wells Fargo
Target Corporation (NYSE: TGT) significantly underperformed the broader market in 2022. But the new year, as per a Wells Fargo analyst, is unlikely to be a great one for it either. Target stock could ...
Djokovic Will Likely Miss Indian Wells And Miami Open Due To U.S. Covid Vaccine Mandate
Topline Tennis star Novak Djokovic is likely to miss the Indian Wells and Miami Open tournaments for the second year in a row as the 21-time Grand Slam winner, who has refused to get a Covid-19 vaccin...
Ripple CEO Brad Garlinghouse Says $3,700,000,000 Wells Fargo Violation Overshadowed by FTX
Ripple Labs CEO Brad Garlinghouse says that most people are obsessing over recent debacles in the crypto industry while ignoring what’s going on in the traditional finance world. Garlinghouse says tha...
Wells Fargo Mismanagement of Billions In Customer Funds Not Highlighted Like FTX
– Advertisement – Brad Garlinghouse is not comfortable with the media coverage Wells Fargo’s asset mismanagement is getting compared to the FTX implosion. Brad Garlinghouse, American busin...
Wells Fargo Fined for $3.7B But the World is Still Fixated on FTX Collapse, Ripple CEO Chips In
The spectacular collapse of FTX warrants every bit of attention that it has garnered so far. The bosses of the once high-flying business were allegedly involved in shady business operations behind-the...
Ripple CEO slams SEC, Wells Fargo as attention shifts to FTX
Ripple Labs CEO Bradley Garlinghouse shared a meme on Twitter, slamming the U.S. Securities and Exchange Commission (SEC) and the fourth-largest bank in the United States, Wells Fargo. The furious twe...
Wells Fargo scandal deserves more scrutiny, Ripple CEO says
Brad Garlinghouse, the CEO of Ripple, pointed out the huge difference between public outrage at the FTX scandal and the relatively quiet response to Wells Fargo’s record-breaking penalty. On Wednesday...
Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse
Amid the heated-up news steam about the FTX drama, Ripple CEO Brad Garlinghouse hastried to turn the public’s attention to another case regarding the misdeeds of traditional finance. A $3.7 billion fi...
Ripple Execs Slam SEC And Wells Fargo; New Court Schedule
Ripple remains belligerent against the U.S. Securities and Exchange Commission (SEC). Both CEO Brad Garlinghouse and general counsel Stuart Alderoty wrote tweets denouncing the SEC’s double standards....
I’m a Small-Cap Guy, but Disney, Wells Fargo Suddenly Look Entertaining
Outside of energy, investors have found few safe-havens over the past 12 months. The Nasdaq is down over 30% in 2022 and mega caps like Amazon (AMZN) , Tesla (TSLA) and Alphabet (GOOGL) have all tak...
Ripple CEO Claims Wells Fargo Scandal Deserves More Attention
Alex Dovbnya Ripple CEO Brad Garlinghouse highlighted the stark disparity between public outcry against FTX scandal and the less visible reaction to Wells Fargo’s record-breaking fine Ripple CEO Brad ...
Disney will start process to spin-off ESPN, ABC in 2023: Wells Fargo
Wells Fargo is predicting big things for Disney’s (DIS) sports network ESPN in 2023. In a new note published on Tuesday, Wells Fargo analyst Steve Cahall outlined the firm’s top prediction...
Disney shares could rally up to 45% in 2023: Wells Fargo
Walt Disney Co (NYSE: DIS) is trading slightly up on Tuesday after a Wells Fargo analyst issued a bullish note in favour of the entertainment and media conglomerate. Disney shares could rally on an ES...
Wells Fargo to Pay $3.7 Billion for Mistreating Customers
(Bloomberg) — Wells Fargo & Co. reached a $3.7 billion settlement with federal regulators, including a record $1.7 billion fine, to cover allegations that for years it mistreated millions of...
Wells Fargo Ordered To Pay Customers $3.7 Billion For Causing ‘Financial Harm’
Topline Wells Fargo will have to pay $3.7 billion in fines and refunds to customers for several consumer financial law violations, according to U.S. regulators Tuesday, the largest penalty against the...
Cramer’s take on Wells Fargo’s $3.7 billion settlement with CFPB
Wells Fargo & Co (NYSE: WFC) is in focus on Monday after the Wall Street bank settled with the Consumer Financial Protection Bureau over “widespread mismanagement” of auto loans, mortgages and dep...
Snowflake Is a Great Cloud Stock to Buy on the Dip, Says Wells Fargo
Investors should buy Snowflake shares because companies are going to need the cloud-software data warehousing company’s services even as the economy slows down, Wells Fargo Securities says. On Friday,...