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WFC
Wells Fargo Agrees To 65 Million Settlement With New York State
Wells Fargo Company NYSE WFC is a diversified community based financial services company with 1 9 trillion in assets Wells Fargo s vision is to satisfy our customers financial needs and help them succeed financially Headquartered in San Francisco Wells Fargo provides banking insurance investments mortgage ...
WFC
Wells Fargo WFC Gains But Lags Market What You Should Know
Wells Fargo WFC closed the most recent trading day at 53 55 moving 0 6 from the previous trading session This move lagged the S P 500 s daily gain of 0 65 Elsewhere the Dow gained 0 79 while the tech heavy Nasdaq added 1 01 Coming into today shares of the biggest U S mortgage lender had gained 1 1 in t...
WFC
Wells Fargo WFC Up 3 1 Since Last Earnings Report Can It Continue
A month has gone by since the last earnings report for Wells Fargo WFC Shares have added about 3 1 in that time frame outperforming the S P 500 Will the recent positive trend continue leading up to its next earnings release or is Wells Fargo due for a pullback Before we dive into how investors and analysts have...
EBAY
Rumor mill drives up eBay 6
Shares of eBay NASDAQ EBAY are up 5 99 after some unsubstantiated rumors of Carl Icahn taking an interest in the company circulate around The outsized rally is rather surprising considering that at this point there isn t much to the Icahn chatter beyond Twitter posts Trading volume on eBay is already over 8M share...
EBAY
PayPal quarterly profit beats estimates shares rise
By Anna Irrera NEW YORK Reuters PayPal Holdings Inc O PYPL on Thursday reported a third quarter profit that beat analysts estimates as the company signed up more new customers and volume of payments processed rose Net income rose to 436 million or 36 cents per share in the third quarter from 380 million ...
EBAY
eBay Pops After Capitulating to Activist Shareholders
Summary eBay NASDAQ EBAY rose by as much as 4 Friday morning after it announced it had entered into cooperation agreements with two activist shareholders However at this stage in its current market cycle we see downside risk in the coming months eBay EBAY Stock Weekly Chart eBay announced that it had entere...
WFC
Exclusive Wells Fargo says auto insurance remediation will not wrap up until 2020
This version of the story has been refiled to correct date of story By Patrick Rucker WASHINGTON Reuters Wells Fargo NYSE WFC Co will not finish paying back the estimated 600 000 customers it wrongly charged for auto insurance until at least 2020 the bank said in a letter to U S lawmakers seen by Reuters ...
WFC
Wise named PGA Tour rookie of the year
Reuters Aaron Wise was named the PGA Tour s rookie of the year on Tuesday after posting four top 10 finishes including his first career win at the AT T NYSE T Byron Nelson The 22 year old resident of Las Vegas was one of eight rookies to qualify for the FedExCup playoffs but the only one to advance to the seaso...
WFC
Canada dollar to rally as global gloom lifts say strategists Reuters poll
By Fergal Smith TORONTO Reuters The Canadian dollar will rally over coming months on a recovery in demand for riskier assets and as a solid domestic economy supports more interest rate hikes from a hawkish central bank according to a Reuters poll The poll of more than 40 currency market strategists predicted the ...
WFC
Chart Of The Day Are Treasurys Eclipsing Wells Fargo s Rich Dividend
Wells Fargo s NYSE WFC 3 23 dividend has been one of the the most compelling reasons to own the stock given its string of scandals in recent years But now that the 10 year Treasury note is yielding about the same investors looking for reliable fixed income may see the government bond as a much safer bet As Frida...
EBAY
US Jobs Off To A Great Start To 2019 Sector ETF Winners
U S employers added 304 000 new jobs in January after a downwardly revised 222 000 in December The number breezed past market expectations of 165 000 There was also an upward revision in November jobs data from 176 000 to 196 000 Considering all revisions job gains have averaged over the past three months The u...
WFC
Wells Fargo pays 65 million to settle cross sell fraud claims with New York
Reuters Wells Fargo NYSE WFC Co will pay 65 million to settle claims that it misled investors about its cross selling business strategy the New York Attorney General s office said on Monday A push by Wells Fargo to get existing customers to buy more of the bank s products known as cross selling was a...
WFC
Wells Fargo declares 0 43 dividend adds to buyback
Wells Fargo NYSE WFC declares 0 43 share quarterly dividend in line with previous Forward yield 3 32 Payable Dec 1 for shareholders of record Nov 9 ex div Nov 8 In addition board of directors increased the company s authority to repurchase common stock by an additional 350 million shares See WFC Dividend...
WFC
Two Wells Fargo executives go on leave of absence amid sales scandal review
By Imani Moise Reuters Wells Fargo NYSE WFC Co said on Wednesday it put two executives on leave in connection with ongoing regulatory reviews into the bank s retail sales practices Chief Administration Officer Hope Hardison and Chief Auditor David Julian have begun leaves of absence and will no longer be mem...
WFC
Forex Dollar Hits More Than 1 Month High on Sterling Slump
Investing com The dollar rose to a more than one month high against its rivals Thursday shrugging off mostly bearish U S economic data as a slump in sterling supported sentiment The U S dollar index which measures the greenback against a trade weighted basket of six major currencies rose by 0 32 to 96 49 The ...
WFC
Wells Fargo says aware about issues with ATM and credit card transactions
Reuters Wells Fargo NYSE WFC Co on Thursday said it was aware of issues with its debit and credit card transactions Wells Fargo is working on a resolution the bank said in a tweet apologizing for the problem
WFC
Wells Fargo hit with lawsuit over robocalls to wrong numbers
By Dena Aubin Reuters A proposed class action lawsuit in San Francisco federal court accuses Wells Fargo NYSE WFC of making tens of thousands of automatically dialed or robo calls to cell phones without consumers consent Filed on Thursday on behalf of a nationwide class the lawsuit accuses Wells Fargo ...
WFC
This Bank Stock Just Broke Below Its 200 DMA Here s The Trade
Many of the leading bank stocks took a hit Wednesday Wells Fargo NYSE WFC in particular caught my eye trading lower by 1 29 to 56 09 a share It also broke its important 200 day moving average which is a negative position for the stock There are still many support levels still in play for WFC but this sign of w...
WFC
EUR USD Euro s False Start
Before the announcement of the results of the Fed meeting investors are in no hurry to open medium term positions in the EUR USD The EUR USD bulls tried to resume the attacks and re tested the psychologically important mark of 1 18 against the background of moderately hawkish comments by Mario Draghi However everyth...
WFC
Cryptocurrency Market Review Bitcoin Consolidates Despite Major News
Bitcoin and other top 50 altcoins were little changed in value Bitcoin in particular continued its consolidation below the Ichimoku Kinko Hyo s cloud on the daily chart inside a triangle chart pattern A break above or below the triangle or the thinning future Ichimoku cloud could confirm the direction of Bitcoin s...
EBAY
eBay Pops 8 As Activist Investor Gets Involved
Summary eBay NASDAQ EBAY traded 8 higher on Tuesday morning after an activist investor floated the idea of splitting the company into smaller firms Our analysis is that while the stock has made an important bottom there may be better opportunities to take a position in the near future Elliott Management an ...
EBAY
EBay EBAY Q4 Earnings And Revenues Top Estimates
EBay EBAY came out with quarterly earnings of 0 84 per share beating the Zacks Consensus Estimate of 0 68 per share This compares to earnings of 0 59 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 23 53 A quarter ago it was ex...
WFC
Why Hedge Funds Will Stick With Ever Risky Short Volatility Trades
Bloomberg It s a familiar spectacle on Wall Street the short volatility complex takes a beating and prophets of doom warn money managers the strategy is running out of steam But while assets in passive products that bet against equity price swings have shrunk to their smallest since 2013 and late cycle bears ...
WFC
Wells Fargo to shift EU hub to Paris in Brexit plan
Reuters Wells Fargo Co N WFC said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy that will shift its servicing of European mainland customers out of London The San Francisco based bank whose purchase of a high profile location near the Bank of England two yea...
EBAY
PayPal to acquire fraud prevention company Simility for 120 million
By Anna Irrera Reuters PayPal Holdings Inc O PYPL has agreed to acquire fraud prevention technology company Simility for 120 million in cash it said on Thursday Palo Alto California based Simility sells machine learning based technology to help online merchants spot fraudsters and improve risk management ...
EBAY
Report EBay cuts hundreds of workers
EBay NASDAQ EBAY has cut hundreds of workers from its rolls today Bloomberg is reporting The company has let go a low single digit percentage of a global workforce that runs about 14 100 Shares fell 2 1 today and reached their lowest point since December They tagged a 52 week low of 33 95 on Nov 29 Now read...
EBAY
Will EBay EBAY Beat Estimates Again In Its Next Earnings Report
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report EBay EBAY which belongs to the Zacks Internet Commerce industry could be a great candidate to consider This e commerce company has an established record of...
WFC
In crackdown U S FDA seeks details on new electronic cigarettes
By Chris Kirkham LOS ANGELES Reuters Faced with a proliferation of new electronic cigarettes and a sharp rise in teen vaping the U S Food and Drug Administration on Friday sent letters to 21 electronic cigarette manufacturers seeking information to assess whether the products are being marketed illegally An FDA...
WFC
Sketchers More Pain to Come
Skechers NYSE SKX traded 27 lower Friday morning after posting earnings below estimates and lowered guidance The company reported earnings per share of 0 29 and total revenue of 1 1 billion compared to analyst expectations of 0 41 and 1 1 billion As well Skechers revised its projections for Q3 earnings per ...
EBAY
eBay could end up with 5 percent stake in Dutch fintech firm Adyen report
AMSTERDAM Reuters eBay Inc NASDAQ EBAY could end up with a stake of up to 5 percent in Adyen as part of a deal the two companies agreed in January that will see the Dutch fintech company become eBay s primary payment processor a Dutch newspaper reported on Monday Warrants will be given to eBay in four tranches...
WFC
Wells Fargo touts good deeds to get back in lawmakers good graces
By Imani Moise and Pete Schroeder WASHINGTON Reuters Tired of being cast as the poster child for big banks behaving badly Wells Fargo NYSE WFC Co has been expanding its presence in the nation s capital to convince lawmakers it has changed and talking up its charitable work in their districts In the past the...
WFC
Daily Market Report 12 07 2018
Commodities We start with the US energy information administration which last night reported the largest drop in production in 3 years 12 million barrels The news came just after news that Libya was ready to resume production after both Canada and Iranian output expectations were revised down The result a 4 ...
EBAY
PayPal Stock Entering High Risk Territory
PayPal Holdings NASDAQ PYPL was spun off from eBay NASDAQ EBAY in 2015 and judging from its share price three years later it has been a tremendous investment PayPal stock fell to 30 a share in August 2015 By September 2018 it was trading above the 93 mark Following last month s dip to 74 66 the stock is o...
EBAY
EBay EBAY Gains But Lags Market What You Should Know
eBay EBAY closed at 28 17 in the latest trading session marking a 1 move from the prior day This change lagged the S P 500 s 1 06 gain on the day Elsewhere the Dow gained 0 83 while the tech heavy Nasdaq added 1 72 Coming into today shares of the e commerce company had lost 12 9 in the past month In th...
EBAY
Why Is Paypal PYPL Up 9 8 Since Last Earnings Report
It has been about a month since the last earnings report for Paypal PYPL Shares have added about 9 8 in that time frame outperforming the S P 500 Will the recent positive trend continue leading up to its next earnings release or is Paypal due for a pullback Before we dive into how investors and analysts have re...
EBAY
EBay EBAY Outpaces Stock Market Gains What You Should Know
In the latest trading session eBay EBAY closed at 28 34 marking a 0 64 move from the previous day This move outpaced the S P 500 s daily gain of 0 3 At the same time the Dow 0 and the tech heavy Nasdaq gained 0 92 Prior to today s trading shares of the e commerce company had gained 3 85 over the past m...
WFC
Wells Fargo confident on Five Below
Wells Fargo NYSE WFC walks away from a meeting with Five Below FIVE 3 8 management impressed with the retailer s outlook The company s tone on its top line prospects especially around holiday was clearly positive It sees rising retail cost pressures associated with issues like wages and freight as manageabl...
WFC
Deutsche Bank Wealth Management names two managing directors
Reuters Asset management company Deutsche Bank DE DBKGn Wealth Management named Wendy McMillan and Richard Aguiar as managing director and private banker McMillan and Aguiar will be based in San Francisco and Los Angeles respectively the company said in a statement on Wednesday Prior to this McMillan was m...
WFC
Brazil s Far Right Candidate Jair Bolsonaro Is Having a Bad Day
Bloomberg Brazil s far right presidential candidate Jair Bolsonaro is not having a good day A key adviser is under investigation the market is off and a member of Pink Floyd called him a neo fascist After more than a week of optimism over the rising prospects that Bolsonaro could win the presidency markets ...
WFC
SeaSpine Holdings readies stock offering
SeaSpine Holdings NASDAQ SPNE commenced an underwritten public offering of shares of its common stock Underwriters have a 30 day option to purchase up to an additional 15 of the shares of common stock offered in the public offering The offering is subject to market conditions and there can be no assurance as to whe...
EBAY
Squaring The Circle On Square Inc Is Possible
You don t need to be a mathematician to be able to calculate Square Inc s NYSE SQ valuation You do need to circle back on your assumptions about whether PayPal Holdings Inc NASDAQ PYPL provides a good point of comparison When Square is held up next to PayPal it shows that though their business models may diffe...
EBAY
EBay EBAY Stock Sinks As Market Gains What You Should Know
In the latest trading session eBay EBAY closed at 29 86 marking a 0 3 move from the previous day This change lagged the S P 500 s daily gain of 2 12 At the same time the Dow added 2 13 and the tech heavy Nasdaq gained 2 64 Heading into today shares of the e commerce company had lost 10 01 over the past...
WFC
Noble Bank Faces Sale Has Broken from Tether and Bitfinex
a financial entity based in Puerto Rico is said to be for sale for 5 to 10 million as reported by Bloomberg The mystery around the bank thickens as an unnamed source close to the bank also alleged that Noble also abandoned its most prominent clients the Tether company and Bitfinex If the sources are correct i...
WFC
Wells Fargo has not done enough to refund cheated drivers regulator
By Patrick Rucker and Pete Schroeder WASHINGTON Reuters Wells Fargo NYSE WFC Co has not convinced U S regulators it is doing enough to repay 600 000 drivers who were wrongly pushed into buying auto insurance a leading bank regulator said on Tuesday We are not comfortable where we are with them Joseph Ot...
WFC
Wells Fargo planning its first post crisis mortgage bond Bloomberg
Reuters Wells Fargo Co N WFC is planning its first post crisis offering of bonds tied to U S home loans without government backing Bloomberg reported on Thursday citing people familiar with the matter The 441 million non agency bond will include top portions which will be rated AAA and the sale will be f...
WFC
4 Trade Ideas For Wells Fargo Bonus Idea
Wells Fargo Ticker WFC Wells Fargo WFC moved higher at the end of 2016 pausing over 51 before continuing to a top in March 2017 It pulled back to 51 from there into April and began a sideways movement in a range between 51 and 56 40 that would last for 8 months with only a minor false break down in September...
EBAY
Meg Whitman to lead Katzenberg s mobile media startup NewTV
Reuters Departing Hewlett Packard Enterprise Co CEO Meg Whitman will become chief executive of DreamWorks co founder Jeffrey Katzenberg s mobile media firm NewTV a move that places her back into uncharted territory One of the most powerful women in U S business and a former candidate for California governor Whi...
EBAY
PayPal down more than 8 after eBay drops
In its Q4 report after the close yesterday PayPal NASDAQ PYPL announced it would remain as a checkout option for eBay NASDAQ EBAY until at least 2023 A few hours later though eBay announced its plan to drop PayPal as its payment processor sending PYPL down as much as 15 Netherlands based Adyen will gradually t...
EBAY
Here Is Where eBay Gets A Bid
Last week electronic commerce company eBay NASDAQ EBAY dropped sharply after reporting earnings and issuing weaker guidance Traders should note that the stock actually peaked on February 1 2018 at 46 99 a share Since that pivot high the shares have plunged and are currently trading a 33 58 eBay is now trading...
EBAY
PayPal Will Q3 Earnings Show It s Recovering From The eBay Split
Reports Thursday October 18 after the market close Revenue Expectation 3 66B EPS 0 54 After surging more than 80 last year shares of online payment giant PayPal Holdings NASDAQ PYPL have done little to impress investors lately Trading at 80 as of yesterday s close the stock was down 15 from the 52 week h...
WFC
Judge blocks U S fund s lawsuit against Wells Fargo over vol mageddon
By Trevor Hunnicutt NEW YORK Reuters A Chicago fund manager cannot pursue a lawsuit against a Wells Fargo Co N WFC unit over claims the bank cost the fund manager millions by forcing it to sell its holdings during a February market rout a judge ruled on Tuesday LJM Partners Ltd run by Anthony Caine return...
WFC
U S producer prices post first drop in one and a half years
By Lucia Mutikani WASHINGTON Reuters U S producer prices unexpectedly fell in August recording their first drop in 1 1 2 years as declines in the prices of food and a range of trade services offset an increase in the cost of energy products Despite the surprise weakness in producer prices reported by the Labor ...
WFC
Wells Fargo sees total expenses dropping by 3 billion by 2020 CFO
Reuters Wells Fargo NYSE WFC Co s chief financial officer said on Friday the bank expects to reduce total expenses by about 3 billion by 2020 Speaking at an industry conference CFO John Shrewsberry said the bank was on track to reach its target of 53 5 to 54 5 billion by the end of 2018 He sees expense...
WFC
Wells Fargo to cut headcount by 5 10 percent in next three years
Reuters Wells Fargo Co N WFC said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan As of June 30th the nation s fourth largest bank had roughly 264 500 employees making a 10 percent reduction representative of about 26 450...
WFC
High nicotine e cigarettes flood market despite FDA rule
By Chris Kirkham Reuters The sleek Juul electronic cigarettes have become a phenomenon at U S high schools vexing educators and drawing regulatory scrutiny over their sweet flavors and high nicotine content Now a new wave of lower priced Juul knock offs is showing up at convenience stores vape shops and online...
WFC
Is STYAX A Strong Bond Fund Right Now
Any investors hoping to find a Government Mortgage Intermediate fund could think about starting with Wells Fargo NYSE WFC Core Plus Bond A STYAX bears a Zacks Mutual Fund Rank of 1 Strong Buy which is based on nine forecasting factors like size cost and past performance ObjectiveSTYAX is one of many Governme...
EBAY
BMO Capital positive on eBay
Shares of eBay NASDAQ EBAY perk up in early trading after BMO Capital takes its rating to Outperform from Market Perform The firm says eBay s Promoted Listing products is tracking above expectations and sees upside with other new initiatives BMO s price target on eBay of 45 reps 25 upside potential for shares EB...
EBAY
Why Is EBay EBAY Down 7 2 Since Its Last Earnings Report
It has been about a month since the last earnings report for eBay Inc NASDAQ EBAY Shares have lost about 7 2 in that time frame Will the recent negative trend continue leading up to its next earnings release or is EBAY due for a breakout Before we dive into how investors and analysts have reacted as of late ...
WFC
Canadian dollar to rally say strategists betting on trade deal Reuters poll
By Fergal Smith TORONTO Reuters Canada s dollar is likely to rally over the coming months according to foreign exchange strategists in a Reuters poll who forecast that trade uncertainty will fade and the Bank of Canada will continue to raise interest rates The latest poll of more than 35 market strategists taken...
WFC
Faced with trade war risk yuan to manage only modest rise Reuters poll
By Vivek Mishra BENGALURU Reuters The Chinese yuan will trim only some of its recent losses against the dollar over the coming year with the People s Bank of China increasingly likely to intervene to support the currency against a still rampant dollar a Reuters poll found Trading in the partly managed yuan whic...
WFC
U S dollar to keep currency crown this year but not next Reuters poll
By Hari Kishan BENGALURU Reuters The U S dollar which has had its best yearly performance since 2015 so far in 2018 will hold on to those gains for the rest of the year but beyond that is unlikely to maintain its ascendancy a Reuters poll showed A majority of foreign exchange strategists in Reuters polls since...
WFC
Justice Department probing Wells Fargo s wholesale banking unit WSJ
Reuters The U S Justice Department is probing whether employees committed fraud in Wells Fargo NYSE WFC Co s wholesale banking unit following revelations that employees improperly altered customer information the Wall Street Journal reported on Thursday citing people familiar with the matter The departme...
WFC
Cboe reports August options total contract volume falls 3 2 Y Y
Cboe Global Markets CBOE 0 4 reports August trading volume Options total volume fell 3 2 to 156 7M contracts Y Y total average daily volume of 6 8M vs 7 0M Futures total volume decline 36 to 5 8M contracts Y Y total ADV 253 000 vs 399 000 U S equities total volume fell 5 8 to 25 0B shares Y Y total ADV 1 1...
WFC
Exclusive U S regulators reject Wells Fargo s plan to repay customers sources
By Patrick Rucker WASHINGTON Reuters U S regulators have rejected Wells Fargo Co s N WFC plan to repay customers who were pushed into unnecessary auto insurance telling the bank it must do more to ensure it has found and compensated every affected driver three sources familiar with the matter told Reuters ...
WFC
Is The Rally In U S Dollar ETFs Short Lived
The greenback has been on an ascent with PowerShares DB US Dollar Index Bullish Fund returning about 3 1 in the last one month as of May 22 2018 Steady U S economic recovery which has proved sturdier than other developed economies in recent times and a prospects of faster than expected Fed rate hikes this year...
EBAY
StubHub inks deal with NFL
StubHub announces a multi year agreement with the National Football League to become the league s authorized ticket resale marketplace The arrangement will begin next year with the 2018 2019 season The company says the deal will mark the the first time that the NFL has permitted an independent marketplace to integrate...
EBAY
EBay Stock Dips On In Line Q1 Earnings Revenue Miss
EBay NASDAQ EBAY just released its first quarter financial results posting adjusted earnings of 0 53 per share and revenues of 2 58 billion EBay is currently a Zacks Rank 2 Buy which is subject to change based on today s results Shares of EBay are up 25 5 over the last year and 2 4 in the last four weeks...
WFC
Mexican Peso Rally Shows Traders Are Betting a Nafta Deal Is Near
Bloomberg Traders are taking an optimistic view on Mexico s peso amid conflicting reports about the outlook for trade talks with the U S The currency strengthened as much as 1 1 percent Wednesday as investors bet on a positive resolution to discussions over a revamped North American Free Trade Agreement Bloomber...
WFC
Wells Fargo lays off more than 600 mortgage workers
By Imani Moise Reuters Wells Fargo Co N WFC is laying off more than 600 workers as it grapples with a slowdown in its mortgage business a bank spokesman said on Friday The fourth largest U S bank has given 60 days notice to 638 mortgage employees across the country Wells Fargo spokesman Tom Goyda said in...
WFC
Forex Dollar Ditched Amid Optimism Over Trade
Investing com The dollar continued its retreat against its rivals Tuesday shrugging off mostly positive U S economic data as the United States deal with Mexico eased trade concerns reducing demand for the greenback The U S dollar index which measures the greenback against a trade weighted basket of six major c...
WFC
Wells Fargo fires bankers after probe into doctoring of expense receipts Wall Street Journal
Reuters Wells Fargo Co N WFC has fired or suspended more than a dozen employees in its investment bank over alleged violations of the company s expense policy regarding after hours meals the Wall Street Journal reported on Thursday citing people familiar with the matter The bank is investigating dozens of ...
WFC
4 Trade Ideas For Wells Fargo Bonus Idea
Here is your Bonus Idea with links to the full Top Ten Wells Fargo NYSE WFC reported earnings April 13th and saw it s stock trade down through support The company then received a 1 billion fine for their mortgage business last week Yikes the trouble seems to never end at this bank But the stock price ended las...
WFC
Dollar ETFs Bounce Back Can The Rally Continue
The greenback has regained luster over the last few days touching the on May 1 PowerShares DB US Dollar Index Bullish Fund is down 1 8 in the year to date frame but has gained about 3 5 since Apr 16 What Drives the Recent Rally Better Positioned U S Economy Fed Rate Hikes The U S economy has been enjoying a...
EBAY
Semtech SMTC To Report Q4 Earnings What s In Store
Semtech Corporation NASDAQ SMTC is set to report fiscal fourth quarter 2018 results on Mar 14 Last quarter it posted a positive earnings surprise of 10 2 The company s surprise history has been pretty impressive It beat estimates in each of the last four quarters with an average of 6 9 Coming to share price m...
WFC
Forex Swashbuckling Dollar Powers to Nearly 18 Month Highs as Euro Slumps
Investing com The dollar rose against its rivals to an 18 month high Tuesday supported by a slump in the euro as concerns over Turkey s vulnerable economy persisted despite a rebound in the lira The U S dollar index which measures the greenback against a trade weighted basket of six major currencies rose by 0 34...
WFC
Royal Bank of Scotland pays 4 9 billion for crisis era misconduct
By Pete Schroeder WASHINGTON Reuters Royal Bank of Scotland L RBS will pay 4 9 billion to settle U S claims that it misled investors on residential mortgage backed securities between 2005 and 2008 the U S Justice Department said on Tuesday The Justice Department said the penalty is the largest ever imposed o...
WFC
Gold Prices Fall Despite Softer U S dollar
Investing com Gold prices dropped on Thursday while the U S dollar also slid despite higher demand in safe haven assets amidst the Turkish lira crisis Gold Futures for December delivery went down by 0 48 to 1 179 2 per troy ounce at 12 02AM ET 04 02 GMT on the Comex division of the New York Mercantile Exchange ...
WFC
Wells Fargo Flashes Weakness Ahead
Wells Fargo NYSE WFC has been under pressure since January 29 2018 when it traded as high as 66 31 a share Since that pivot high the stock has been steadily declining On Tuesday WFC traded at 50 91 a share It should be noted that the stock is now trading below its important 50 and 200 day moving averages Th...
EBAY
PayPal to expand lending offering with acquisition
By Anna Irrera NEW YORK Reuters Payments firm PayPal Holdings Inc O PYPL has agreed to acquire online lending company Swift Financial in a bid to expand its business that provides working capital to merchants The acquisition will allow PayPal to offer loans to the larger businesses that process payments throu...
EBAY
EBay Stock Pops As Q4 Revenues Surge 9
eBay Inc NASDAQ EBAY just released its fourth quarter 2017 financial results posting adjusted earnings of 0 59 per share and revenues of 2 61 billion Currently eBay is a Zacks Rank 5 Strong Sell and is up over 7 to 43 50 per share in after hours trading shortly after its earnings report was released EBA...
EBAY
PayPal And eBay No Longer Friends
PayPal Holdings NASDAQ PYPL announced earnings of 0 55 per share yesterday which exceeded Wall Street expectations of 0 52 per share However the stock was trading lower as their forward guidance did not meet expectations Things got worse when eBay NASDAQ EBAY announced that it would begin using a Dutch firm c...
WFC
Wells Fargo to pay 2 09 billion fine over decade old mortgage loans
Reuters Wells Fargo N WFC has agreed to pay 2 09 billion in penalty to settle claims related to mortgage loans originated in the run up to the financial crisis The civil fine is for alleged origination and sale of residential mortgage loans that the lender knew contained misstated income information and did n...
WFC
Fed Leaves Key Rate Unchanged With Economy Growing at Strong Rate
Bloomberg Federal Reserve officials left U S interest rates unchanged and stuck with a plan to gradually lift borrowing costs amid strong growth that backs bets for a hike in September Economic activity has been rising at a strong rate and unemployment has stayed low the Federal Open Market Committee sai...
WFC
Forex Dollar Inches Lower as U S Jobs Services Activity Disappoint
Investing com The dollar fell against its rivals Friday as data showed the U S economy created fewer jobs than expected and services activity slowed in July The U S dollar index which measures the greenback against a trade weighted basket of six major currencies fell by 0 15 to 94 86 The U S economy added jus...
WFC
Wells Fargo faces tax credit probes new problems with mortgage borrowers
NEW YORK Reuters Wells Fargo Co N WFC is facing government probes into its use of low income housing tax credits and has also set aside 8 million to compensate borrowers who were incorrectly denied mortgage modifications under a federal assistance program the bank said in a regulatory filing on Friday The...
EBAY
Opening Bell Politics Data Roil EUR Bitcoin Shoots Past 8K
Key Events Late yesterday just four days shy of the two month anniversary of the German general election Chancellor Angela Merkel who had already lost 20 of the votes she d garnered during the previous 2013 election saw her attempt to cobble together a coalition government collapse This after a month of explorato...
WFC
Wells Fargo wholesale exec making exit
Richard Yorke chief operating officer of the key wholesale business at Wells Fargo NYSE WFC is leaving the bank in August The Wall Street Journal reports The wholesale division contributes about half of Wells Fargo s overall profit Yorke also oversaw the bank s international group that group until mid 2017 ha...
WFC
Air India seeks additional equity from government to pay vendors source
By Aditi Shah and Abinaya Vijayaraghavan Reuters State owned carrier Air India has sought 21 21 billion rupees 309 million of additional equity from the government for the fiscal year 2018 19 to make pending payments to its vendors a source at the airline told Reuters on Monday Air India owes about 18 billion...
WFC
Preferred Apartment buys 29 story office tower in Raleigh NC
Preferred Apartment Communities NYSEMKT APTS acquires Wells Fargo NYSE WFC Capitol Center a 559 591 square foot 29 story office tower in Raleigh NC s central business district The transaction was financed with a non recourse first mortgage loan for 114 4M bearing interest at a fixed rate of 4 27 per year ...
WFC
Cryptocurrencies Prices Plunge Binance Acquires Trust Wallet
Investing com Cryptocurrencies prices continued to dive on Wednesday after hitting its one week low in the previous session Binance the second largest cryptocurrency exchange by volume announced its acquisition of the Trust Wallet on Tuesday Bitcoin was down 7 72 from the last 24 hours to 7 538 at 1 02AM ET 05...
WFC
Wells Fargo s WFC Q1 Earnings Revenues Beat Estimates
Have you been eager to see how Wells Fargo Company NYSE WFC performed in Q1 in comparison with the market expectations Let s quickly scan through the key facts from this San Francisco based money center bank s earnings release this morning An Earnings BeatWells Fargo came out with earnings per share of 1 12 be...
EBAY
Price match guarantee launched by eBay
EBay EBAY 0 1 announces that it launched a price match guarantee on more than 50K deals in the U S The vast majority of our deals are already lower priced or equal to our competitors but if a shopper finds it for less we ll gladly match the price of our competitors says eBay exec Hal Lawton Numbers check eB...
WFC
Wells Fargo in process of refunding customers for add on products WSJ
Reuters Wells Fargo Co N WFC is in the process of refunding millions of dollars to customers for adding services to their accounts without their full understanding the Wall Street Journal reported on Thursday citing sources Wells Fargo charged monthly fees for these products ranging from pet insurance to l...
WFC
Wells Fargo looks to sell its Eastdil Secured real estate division Wall Street Journal
Reuters Wells Fargo Co N WFC is exploring a sale of its Eastdil Secured real estate division the Wall Street Journal reported on Thursday citing people familiar with the matter The U S bank has been weighing a sale of Eastdil which provides financial advisory services to real estate owners for at least ...
WFC
Wells Fargo apologizes to customers for recent account problems
NEW YORK Reuters Wells Fargo Co N WFC apologized on Friday to customers who were having issues with their bank accounts after getting a stream of complaints on social media about checks not clearing or mobile deposits not working We apologize to our customers who may be experiencing an issue with certain ty...
WFC
Wells Fargo wealth management sales goals reported to be focus of probe WSJ
Wells Fargo NYSE WFC financial advisers at the bank s wealth management business allegedly pushed clients into products that generated more fees and sometimes moved client assets between different products or investing platforms to generate more revenue and larger bonuses the Wall Street Journal reports citing mor...
EBAY
EU to launch more e commerce antitrust investigations
By Julia Fioretti BRUSSELS Reuters The European Union plans to launch more antitrust investigations into e commerce companies after a two year inquiry uncovered business practices that restrict competition the European Commission said on Wednesday In its report on the initial inquiry the EU executive said it had...
EBAY
Investment firms TPG Dragoneer reveal stake in Etsy
By Lauren Hirsch Reuters Investment firms TPG Group Holding Advisers Inc and Dragoneer Investment Group LLC jointly reported an 8 percent stake in Etsy Inc O ETSY the Brooklyn based online retailer of handmade goods Etsy disclosed in filings on Monday The disclosure comes just weeks after activist hedge fund...
EBAY
EBay Revenues Beat Estimates Stock Slumps On Soft Guidance
eBay Inc NASDAQ EBAY just released its third quarter 2017 financial results posting earnings of 48 cents per share and revenues of 2 4 billion Currently EBAY is a Zacks Rank 4 Sell and is down 4 95 to 36 09 per share in after hours trading shortly after its earnings report was released eBay Matched ea...
EBAY
EBay EBAY Q3 Earnings Match Estimates Revenues Beat
eBay Inc NASDAQ EBAY reported decent third quarter 2017 results with earnings matching the Zacks Consensus Estimate and revenues beating the same by a slight margin Pro forma earnings of 48 cents improved 6 7 year over year Gross revenues of 2 41 billion were up 8 7 on a year over year basis up 8 on an Fx ne...