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Wells Fargo preferred stock offers a safe 6.6% yield, supported by strong earnings, low payout ratio, and resilient dividend coverage. Current high yields are driven by elevated U.S. Treasury rates, which are unsustainable due to rising government interest expenses and deficit concerns. Government action to reduce the deficit will likely lead to lower interest rates, benefiting fixed-income securities like Wells Fargo preferreds.
RIO RANCHO, N.M.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas), Wells Fargo Bank (Wells Fargo) and local dignitaries joined CC Housing, a subsidiary of Catholic Charities, on June 3 at the grand opening of Felician Villa Apartments I and II, a senior housing complex in Rio Rancho, New Mexico. FHLB Dallas awarded a $750,000 Affordable Housing Program (AHP) grant through member Wells Fargo to assist with construction. The 132-unit Felician Villa Apartme.
Gracelin Baskaran, Center for Strategic and International Studies director of the critical minerals security program, and Wells Fargo's Colin Langan, join 'Power Lunch' to discuss the latest impact of China's rare earth restrictions.
Colin Langan, Wells Fargo automotive and mobility analyst, joins 'Power Lunch' to discuss if customers will come back to Tesla following his departure from the White House, if Tesla's recent move lower makes sense and much more.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Wells Fargo (WFC) have what it takes?
Jay Bryson, Wells Fargo chief economist, joins 'Squawk Box' to discuss the state of the economy, the Fed's rate path outlook, reports of inflation data accuracy, and more.
Charlie Scharf fielded congratulatory messages from bank executives including Jamie Dimon after being freed from a yearslong cap on growth.
Senator Elizabeth Warren (D-MA) reacts to President Trump's Truth Social post agreeing with her argument that the US should get rid of the debt limit entirely. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Sen. Elizabeth Warren on Wednesday said that with several allegations in the past year of Wells Fargo engaging in money laundering and consumer fraud, it "makes no sense" to reduce oversight of the banking giant.
Sen. Elizabeth Warren on Wednesday questioned how the Federal Reserve decided to lift its asset cap on Wells Fargo and said she's open to speaking with the bank's management team. "I don't want to hear a bunch of happy talk.