Wells Fargo Stock News

Synopsys (SNPS) has entered an accelerated share repurchase agreement with Wells Fargo Bank, National Association to buy back an aggregate of $200M of its stock.Under the…

Shares of several banks and financial services companies, including Wells Fargo & Co (NYSE: WFC ), Bank of America Corp (NYSE: BAC ) and JPMorgan Chase & Co (NYSE: JPM ), are trading lower amid overall market weakness following the Russian invasion of Ukraine, which has driven … Full story available on Benzinga.com

By Michael Molinski, Callaway Climate Insights (Michael Molinski is a senior economist at Trendline Economics. He’s worked for Fidelity, Charles Schwab and Wells Fargo, and previously as a foreign correspondent and editor for Bloomberg News and MarketWatch.) SÃO PAULO (Callaway Climate Insights) — Latin American stocks led the world in January, and much of that […]

Washington, D.C., Feb. 24, 2022 (GLOBE NEWSWIRE) -- As public sector workers report increased financial challenges in the wake of the ongoing pandemic, a new series of financial wellness case studies provides state and local government employers with key learnings and promising practices to help workers reduce debt, save for retirement, and reach other financial goals. This research comes as state and local employers struggle to attract and retain employees amid the Great Resignation. Case Studies of Innovative Public Sector Employee Financial Wellness Programs highlights the results of five jurisdictions that participated in a one-year initiative that awarded $1.4 million in grants to 24 jurisdictions to establish or improve public employee financial wellness programs. This research is part of a MissionSquare Research Institute collaboration with the International Public Management Association For Human Resources ( IPMA-HR ) and the National Association of State Treasurers Foundation ( NASTF ), with the support of the Wells Fargo Foundation . "These five case studies highlight a range of approaches states and localities have …

Financial stocks suffered a broad beating Thursday, as Russia''s invasion of Ukraine sparked a flight to safety that sent Treasury prices higher and yields lower. The SPDR Financial Select Sector ETF sank 3.8% in premarket trading toward a five-month low, with only one of 67 equity components gaining ground, while futures for the S&P 500 dove 2.6% toward a nine-month low. Among the ETF''s more-active components, shares of Bank of America Corp. dropped 5.1%, Wells Fargo & Co. slid 4.8%, Citigroup Inc. shed 5.1%, J.P. Morgan Chase & Co. fell 4.0%, Goldman Sachs Group Inc. lost 4.0% and Warren Buffett''s Berkshire Hathaway Inc. declined 2.8%. The lone gainer in the ETF was CBOE Global Markets Inc.''s stock , which rose 3.0% as the invasion was seen as boosting market volatility. Meanwhile, the yield on the 10-year Treasury note slumped 11 basis points to 1.866%. Falling longer-term interest rates can crimp bank earnings, as it narrows the spread banks earn on longer-term assets, such as loans, that are funded by shorter-term liabilities.

The city of Sacramento’s 3-year-old lawsuit against Wells Fargo & Co. over alleged discriminatory lending to Black and Latinx home loan borrowers is officially over.

Shares of big banks rose with Bank of America Corp, Wells Fargo & Co and Morgan Stanley up more than 1% each.

ORLANDO, Fla. , Feb. 23, 2022 /PRNewswire/ -- Tupperware Brands Corporation (NYSE: TUP ), a leading global consumer products company, today reported operating results for the fourth quarter and fiscal year ended December 25, 2021 . As previously announced, in connection with the disposition of certain key brands of the Company''s beauty business, the Company has determined that the necessary criteria have been met to classify these brands as held for sale assets and discontinued operations, beginning in the third quarter of 2021. Accordingly, the presentation below reflects results from continuing operations only. Full Year 2021 Financial Highlights Net sales were $1,602.3 million , an increase of 3% year over year (or 1% on a constant currency basis) Gross profit was $1,068.3 million , or 66.7% of net sales Income from continuing operations was $155.6 million Diluted earnings per share was $2.93 Adjusted diluted earnings per share (non-GAAP) from continuing operations was $3.25 Adjusted EBITDA (non-GAAP) from continuing operations was $289.

Wells Fargo dug into the implications of Ford Motor Company potentially separating its battery electric vehicle business from the legacy ICE business. Read more.

If you’re carrying a credit card balance, knowing your interest rate might seem like a no-brainer. Unfortunately, for many cardholders, it’s not. In a December Bankrate study, 41% of card-holders carrying a balance didn’t know their interest rate. Currently, the average interest rate on cards is about 16%, but rates can go as high as 25% or more. The Federal Reserve Board is expected to start raising short-term interest rates in March in an effort to keep inflation in check. As those rates increase, interest rates on credit cards , home equity lines of credit and other loan products will go up as well, which means it will cost you more to pay off your debt. If you’re carrying a balance on a high-interest-rate card, plan to pay it off as soon as possible, without adding any new purchases. If you receive a tax refund —and most taxpayers do—use that money to pay down your debt. Even if the refund doesn’t pay off the balance in full, the reduced total will trim the amount of interest assessed.

L1 Capital, an investment management firm, published its ‘L1 Long Short Fund Limited’ fourth quarter 2021 investor letter – a copy of which can be downloaded here.

Related Stocks: WFCPL.PFD , CHGG , SHYG ,

Fundamental Research Corporation Analyst’s Ideas of the Week | Weekly Pick February 7, 2022 In this video our equity analyst Dushan Ratkovic recaps last week’s pick AMD, which was up 14% at it’s peak. This week we talk about our pick Wells Fargo. With rising inflation, we believe that financials will do well. *Past performance is not indicative of future results Read our reports: https://www.researchfrc.com/research/ Don’t forget to like, […] The post Analyst’s Ideas of the Week | Weekly Pick February 7, 2022 appeared first on Fundamental Research Corporation .

Related Stocks: WFCPL.PFD , IDEV ,