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Wells Fargo has a proven record of stable quarterly dividend payouts, though its yield is around 2.8% now and growth history mixed. Although loan growth appears to have declined, its fees-driven business segments have shown growth potential recently, which, I think, can grow future fees income. With such a huge loan book, it is exposed to loan charge-off trends like many banking peers, as well as Fed rate decisions.
Wells Fargo (WFC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Wells Fargo & Co.'s stock rose 3.5% on Thursday after a report that the bank has submitted a third-party review of its risk and control efforts as part of its move to lift a seven-year-old asset cap.
Wells Fargo has sent the Federal Reserve a third-party review of its risk and control overhauls as it looks to shed an asset cap imposed by the regulator, Bloomberg News reported on Thursday, citing people familiar with the matter.
The latest trading day saw Wells Fargo (WFC) settling at $53.61, representing a -1.02% change from its previous close.
WFC launches APIs for its commercial banking clients, boosting order processing, inventory planning, invoicing, technology integration & money management.
Shares of Wells Fargo & Co (NYSE: WFC) dipped following news of an enforcement action by the Office of the Comptroller of the Currency (OCC), citing the bank's insufficient anti-money laundering efforts. Despite this, Jim Cramer views the pullback as an opportunity to buy a quality stock at a discount.
Wells Fargo signs an agreement with OCC to improve its overall AML and sanctions risk management processes.
When markets are climbing, many traders who sold early often regret their decision. They watch as the stocks they sold continue to rise, missing out on further gains.
Investors should be cautious in second half due to front-loaded 2024 gains, says Wells Fargo's Cronk
Darrell Cronk, Wells Fargo CIO for wealth and investment management, joins CNBC to discuss what market outlooks ahead of Fed rate cuts, how to position, and more.