Wells Fargo Stock News

NEW YORK — Wells Fargo & Co and Bank of America each pledged on Wednesday to donate $1 million to the American Red Cross and other non-profit groups that are helping Ukraine and refugees fleeing invasion by Russia. Their pledges follow a raft of similar announcements made by U.S. and European companies that have begun […]

https://www.investing.com/news/stock-market-news/wells-fargos-head-of-communications-branding-leaving-bank-2776612

WOODCLIFF LAKE, N.J., March 02, 2022 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation’s largest refrigerant reclaimers, today announced that it has entered into a new $85 million term loan agreement with TCW Asset Management Company LLC. In addition, Hudson has amended its existing revolving credit facility to increase the overall facility to $90 million, with TCW participating in a first-in last-out (FILO) loan of $15 million, and Wells Fargo continuing to manage the facility and providing up to another $75 million in borrowing capacity.

Barri Rafferty spent less than two years as the lender’s head of the communications and brand management.

That equates to an 8.1% return, which is 69.1% on an annualized basis.

Former Abbot Downing President Jack Ginter leaves Wells Fargo to create Callan Family Office, an independent wealth management firm that will serve the ultra-wealthy and aims to compete with the big private banks.

https://www.investing.com/news/stock-market-news/wells-fargo-pledges-1-million-aid-for-ukraine-people-fleeing-russian-invasion-2776335

Jim Cramer and Jeff Marks discuss several companies that have higher cash flows and can generate more dividend yields for investors. They are selling some of their Nucor shares to buy Walmart and eyeing Wells Fargo and Salesforce stock levels.

Wells Fargo''s checking account makes it easier to waive the monthly service fee, but Chase has stronger savings accounts and CDs.

Tupperware Brands Corp (NYSE: TUP ) has entered into an agreement to repurchase an aggregate of $75 million of its common stock in an accelerated share repurchase (ASR) program with Wells Fargo Bank N.A. The agreement equates to about 4.6 million shares, using the closing price on … Full story available on Benzinga.com

Tupperware Brands Corp. said Monday it has entered an accelerated share buyback program with Wells Fargo to repurchase an aggregate $75 million of its own stock. The sum is equal to about 4.6 million shares, based on Friday''s close price. The maker of food storage containers said it will finance the deal using cash on hand and borrowings from a revolving credit facilities. The move is part of an existing $250 million share buyback authorization that the board approved last year. Tupperware posted weaker-than-expected fourth-quarter earnings last week as it was hurt by supply chain issues, particularly in Asia and Europe. Shares were up 2% premarket but have fallen 46% in the last 12 months, while the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Futures Bounce From Overnight Lows As New Peace Talks Begin Global stocks and US futures tumbled on Monday, although they were well off their worst levels as a fresh round of ceasefire talks kicked off on Monday morning offering a glimmer of hope that hostilities will end; sovereign bonds rallied and commodities surged amid heightened uncertainty after a new wave of sanctions against Russia for the invasion of Ukraine. March contracts on the S&P 500 Index declined as much as 2.9% before trimming losses to 1%, or down 43 points as of 745 a.m. in New York. Futures on the Nasdaq 100 and the Dow were each down 1.4%. European stocks also recovered from an earlier as banks with exposure to Russia led declines, while utilities and defense stocks gained. Oil, natural gas, wheat and palladium jumped, as Brent crude soared to about $103 a barrel on fears of commodity-supply disruptions. Rallies in the dollar, gold and Treasuries underlined the demand for havens. Over the weekend, Western nations agreed on new sanctions to further isolate Russia, by seeking to prevent its central bank from using foreign reserves to blunt sanctions and excluding some Russian lenders from the SWIFT messaging system that underpins trillions of dollars worth of transactions.

Wells Fargo is supporting small businesses in South Florida with a multi-million dollar donation, focusing on ethnically diverse owners who have been disproportionately affected by the pandemic.

Miami''s small-business community just received a multimillion-dollar boost from one of the country’s largest financial services giants.

Jim Cramer and Jeff Marks break down recent market movements reflecting Russia-Ukraine developments. They explain why they sold some Chevron shares and bought growth stocks including Qualcomm, Morgan Stanley, Eli Lilly, Wells Fargo, and Bausch Health. They also take a deep dive into why they''re watching PayPal, Google, and Linde.