symbol
stringlengths
1
9
title
stringlengths
1
701
text
stringlengths
1
140k
WFC
Why Wells Fargo WFC Stock Might Be A Great Pick
One stock that might be an intriguing choice for investors right now is Wells Fargo Company NYSE WFC This is because this security in the Banks Major Regional space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective This is important because oft...
EBAY
eBay profit beats as revenue surges from PayPal business
By Devika Krishna Kumar and Kshitiz Goliya Reuters E commerce company eBay Inc NASDAQ EBAY reported a higher than expected quarterly profit as revenue surged from its payments business that includes PayPal which the company said would be spun off in the third quarter Revenue from eBay s payments business rose ...
EBAY
Shares flat on earnings oil jumps on Middle East worry
By Chuck Mikolajczak NEW YORK Reuters Stocks in major markets shook off soft data in big economies to hold near the unchanged mark on Thursday while oil prices climbed on Middle East tensions U S stocks were little changed Some strong earnings from AT T N T up 2 6 percent to 33 73 and eBay O EBAY up 3 ...
EBAY
Warren Buffett to auction another charity lunch
Reuters Billionaire investor Warren Buffett has once again agreed to have lunch this year with the winner of an auction to benefit a San Francisco charity The 16th annual auction to benefit Glide which provides food and services to the poor and homeless will be held on eBay O EBAY from May 31 to June 5 the ch...
EBAY
eBay Jumps On Positive Earnings Revenue
eBay Inc NASDAQ eBay a global e commerce platform that connects buyers and sellers company yesterday reported their second quarter 2016 financial results eBay reported second quarter earnings of 0 43 per share which beat analyst expectations of 0 42 per share eBay reported second quarter revenues of 2 2 billio...
WFC
Tiger put clubs in closet after frustrating Masters
Reuters Tiger Woods returns to competition at this week s Wells Fargo NYSE WFC Championship in North Carolina eager to see the benefits of the extended break he took after finishing in a share of 32nd place at last month s U S Masters Woods 42 said it felt great to shut things down after Augusta National w...
WFC
Fund says Wells Fargo unit worsened vol mageddon losses court filing
By Trevor Hunnicutt Reuters A Chicago fund manager that suffered catastrophic losses in a market plunge this year has blamed the actions of its broker a Wells Fargo NYSE WFC Co unit according to court documents filed on Wednesday The allegations were spelled out in response to a March lawsuit by Wells Farg...
WFC
Bangladesh open to out of court settlement over 81 million cyber heist
MANILA DHAKA Reuters Bangladesh would consider an out of court settlement with a bank in the Philippines over 81 million stolen from its accounts in New York by hackers who wired the money to Manila Bangladesh central bank officials said on Thursday In one of the world s biggest cyber heists the hackers stole t...
WFC
Putting woes leave Woods six behind first round leader Peterson
Reuters Tiger Woods struggled to adjust to slow greens as he slipped six strokes behind American leader John Peterson in the opening round of the Wells Fargo NYSE WFC Championship in North Carolina on Thursday On a day when two times Wells Fargo winner Rory McIlroy started with a smooth three under par 68 Pet...
WFC
Golf Rare consecutive eagles boost Peterson to lead in Charlotte
Reuters Self deprecating Texan John Peterson recorded consecutive eagles for the first time in his career to vault to the first round lead at the Wells Fargo NYSE WFC Championship in Charlotte North Carolina on Thursday Pity so few people saw the rare feat Few of the thousands who turned up to follow Tiger W...
WFC
Tiger makes late birdie to sit on Quail Hollow cutline
Reuters Tiger Woods birdied his final hole of the second round to sit right on the projected cutline at the Wells Fargo NYSE WFC Championship in North Carolina on Friday The former world number one who started on the back nine made his only birdie of the day when he rolled in a 13 footer at the par four nint...
EBAY
PayPal to pay 7 7 million in U S Treasury sanctions case
WASHINGTON Reuters PayPal the electronic payments firm agreed to pay 7 7 million to settle charges by the U S Treasury Department that it violated numerous sanctions programs against countries that include Iran Cuba and Sudan Treasury said on Wednesday PayPal owned by EBay Inc O EBAY did not adequately s...
EBAY
Uber hires chief security officer from Facebook
Reuters Cab hailing company Uber Technologies Inc under fire for how it charges passengers and ensures their safety said it hired Facebook Inc NASDAQ FB Chief Security Officer Joe Sullivan Sullivan Uber s first chief security officer has spent five years at Facebook and eight years at the U S Department ...
EBAY
PayPal eBay to stay interdependent for five years after split
Reuters PayPal eBay Inc NASDAQ EBAY s electronic payments division said the two firms had agreed that eBay would not reduce the volume of transactions it channels through PayPal while continuing to get better rates for its merchants for five years after the two split PayPal is slated to be separated from eBay...
EBAY
Is Ebay Now A Better Buy Than PayPal
As the markets head higher after post Brexit fears have been mostly calmed investors are looking for stocks that could lead to solid gains during the markets run Two sectors that have been of interest lately have been the mobile payment sector as well as the ecommerce sector Ebay Inc NASDAQ EBAY is in the ecom...
EBAY
EBay EBAY Beats Q2 Earnings Up 5 5 On Raised Guidance
eBay Inc NASDAQ EBAY just released its Q2 2016 earnings results posting earnings of 0 36 per share and revenue of 2 23 billion Currently EBAY has a Zacks Rank 3 Hold but it is subject to change following the release of the company s latest earnings report Here are 5 key statistics from this just annou...
WFC
Wells Fargo s 401 k practices being examined by Labor Dept WSJ
Reuters The Labor Department is examining whether Wells Fargo Co N WFC pushed participants in low cost corporate 401 k plans to roll their holdings into more expensive individual retirement accounts at the bank according to a person familiar with the inquiry the Wall Street Journal reported on Thursday Lab...
WFC
Woods says will play next two events on PGA Tour
Reuters Tiger Woods announced on Thursday that he will play the next two events on the PGA Tour the Wells Fargo NYSE WFC Championship in North Carolina and the Players Championship in Florida The Players Championship entry is hardly a surprise given that he has twice won the tour s flagship event which is...
WFC
Spieth blames couple of really bad swings for New Orleans demise
Reuters Jordan Spieth took the blame for a late meltdown on Friday that cost him and partner Ryan Palmer a chance to play the final two rounds at the Zurich Classic of New Orleans Spieth hit two shots that ended in water hazards and led to double bogeys at the final two holes during the exacting alternate shot for...
WFC
Tiger will use new irons at Wells Fargo this week
Reuters Tiger Woods will use a new set of irons at this week s Wells Fargo NYSE WFC Championship in North Carolina the 14 times major winner announced on Tuesday Woods has been trying out the TaylorMade clubs for a while and has decided the time is right to put them to the test in the heat of competition P...
WFC
McIlroy hopes to put Masters letdown behind him at Quail Hollow
By Frank Pingue Reuters Rory McIlroy is hoping a return to a familiar hunting ground this week at Quail Hollow for the Wells Fargo NYSE WFC Championship in North Carolina will allow him a chance to bounce back from a near miss at last month s U S Masters A return to an old stomping ground could not come at a ...
WFC
DAX To Open At 7 week Highs Euro Up Before Data
After an ideal opening week for equities in 2018 traders will be testing the waters early on Monday for signs of a reality check US fourth quarter earnings inflation data as well as the durability of the commodity rally are all top of the Watchlist this week The Dow has not looked back since it broke 25k A goldilo...
EBAY
China regulator blasts Alibaba for illegal business on its websites
By John Ruwitch SHANGHAI Reuters A China regulator has accused Alibaba Group Holding Ltd N BABA of failing to clean up what it called illegal business deals on the e commerce titan s platforms in an unusually strong government criticism of one of the country s biggest private firms The State Administration for ...
EBAY
PayPal to buy Israeli cyber security firm CyActive media
TEL AVIV Reuters Online payments company PayPal a unit of eBay O EBAY will buy Israeli cyber security company CyActive for 60 million Israeli media reported The Globes financial newspaper said the deal is expected to close shortly A spokeswoman for CyActive which was founded in 2013 declined to comment on...
WFC
Wells Fargo agrees to pay 1 billion to settle customer abuses
By Patrick Rucker Reuters Wells Fargo NYSE WFC Co will pay 1 billion to settle with U S regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees officials said on Friday The penalty was a record from the U S Consumer Financ...
WFC
Golf Chilean Niemann finishes sixth in stellar professional debut
Reuters Former world number one amateur Joaquin Niemann made a brilliant professional debut when he finished sixth at the Texas Open on Sunday The 19 year old from Chile became the first man since Anthony Kim in 2006 to post a top 10 in his pro debut on the PGA Tour according to the tour Kim tied for second at t...
WFC
Newell Starboard end proxy fight with Icahn s backing
By Siddharth Cavale Reuters Consumer products maker Newell Brands Inc N NWL and hedge fund Starboard Value LP have agreed to end a months long proxy fight through a deal brokered by fellow activist investor Carl Icahn that will add three new independent directors to the board Icahn who has amassed a nearly 7 pe...
WFC
Mexico Peso Crushed as Leftist Candidate Appears Untouchable
Bloomberg Mexico s peso is all of a sudden the worst performing major currency as investors begin to accept that the next president is likely to be the populist firebrand they feared It s a stark reversal that took hold over the past week coming after the peso posted the biggest global gains in the first quarter...
WFC
All 12 Wells Fargo director nominees elected pay approved
DES MOINES Iowa Reuters Wells Fargo NYSE WFC Co executives said all 12 of the bank s director nominees were elected at its annual meeting held on Tuesday in Des Moines Iowa Wells Fargo leaders also said the pay of its top executives received support from about 92 percent of shares voted
WFC
Wells Fargo investors back leaders despite protests
By Ross Kerber and Elizabeth Dilts DES MOINES Iowa NEW YORK Reuters Wells Fargo Co N WFC investors gave strong backing to the bank s directors and executives on Tuesday indicating they are ready to give its revamped leadership time to rebuild from scandal despite a noisy annual shareholder meeting Wells Fa...
WFC
Top Sector ETFs Of 2017
As we are approaching the end of 2017 it s time to look back at the hot investing areas of 2017 This is especially true as this year has treated the broader market well The S P 500 has gained about 19 the Nasdaq has crossed the 7000 mark and the Dow Jones hit several highs However some specific sectors shone eve...
WFC
4 Top ETF Areas Of Q4
The final quarter of 2017 is drawing to an end The journey has been smooth so far thanks to the Trump trade and tax reform talks Also the quarter is known for Santa Rally and holiday shopping season And even though the Fed has enacted its final rate hike of the year earlier this month the move was already baked i...
WFC
WFC Approaches Upper Line Of Its 15 Year Channel
Wells Fargo Company NYSE WFC broke out of its 3 year declining brown channel recently and made a quick run almost to the upper line of it 15 year green channel While WFC could go a little higher and trade sideways at this upper line for some time history says this is a froth channel and the big black channel bel...
WFC
5 Precious Metal Funds To Shine As Gold Hits 1 Month High
Gold prices touched their highest settlement in a month on Dec 27 prompted by the U S dollar falling to a four week low A weaker greenback also had a positive impact on silver prices Rising gold and silver prices bode well for the overall precious metals market Gold lost some of its luster in 2016 after a tumultuous...
EBAY
Ebay considering cutting 10 percent of workforce WSJ
Reuters Online retailer eBay Inc O EBAY is mulling over a plan to cut thousands of jobs early next year as it readies to spin off its PayPal unit the Wall Street Journal reported citing people familiar with the company s thinking We are focused on running the business and setting eBay and PayPal up for succ...
EBAY
EBay CEO to get 23 million exit package after PayPal split
By Deepa Seetharaman SAN FRANCISCO Reuters EBay Inc Chief Executive John Donahoe will get an exit package worth an estimated 23 million after the company splits from payments unit PayPal next year according to an agreement highlighted in a securities filing on Thursday Chief Financial Officer Bob Swan will get...
WFC
Bangladesh eyes settlement in U S cyber heist suit ahead of its own case
By Jonathan Spicer and Ruma Paul NEW YORK DHAKA Reuters An Ecuadorian bank and Wells Fargo have reached an out of court settlement over a 2015 cyber heist providing a possible precedent for the Bangladesh central bank s planned suit to recover 66 million still lost in one of the world s biggest such cases A su...
WFC
Wells Fargo nears 1 billion settlement for loan abuses source
By Patrick Rucker Reuters Wells Fargo Co N WFC is close to settling a record fine of 1 billion imposed by two U S regulators for its risk management business a source familiar with the matter told Reuters on Thursday Last week the U S Consumer Financial Protection Bureau CFPB and the Office of the Co...
WFC
How The Tax Reform Bill Is Affecting U S Stock Prices
Republicans in congress have drawn some serious media headlines and some serious political ire from their opponents with their recent tax reform bill the Tax Cuts and Jobs Act As commentators and journalist everywhere rush to cover the frenzied news surrounding Capitol Hill businesses are starting the feel the r...
WFC
Will Tax Reform Help Or Hurt Housing ETFs
The homebuilding sector has been in great shape this year Builders confidence is hovering around the highest level in more than 18 years this month The NAHB Wells Fargo Housing Market Index increased 5 points in December to 74 marking the as per analysts from Wells Fargo NYSE WFC December witnessed the biggest...
EBAY
EBay Earnings Lukewarm In Q3
By EBay Inc NASDAQ EBAY shares fell slightly after the company reported third quarter earnings that missed Wall Street expectations for revenue on Wednesday The e commerce company posted revenue of 4 35 billion short of analyst expectations of 4 37 billion EBay reported earnings per share of 0 68 beating est...
EBAY
Marc Andreessen quits eBay board ahead of PayPal spinoff
Reuters Venture capitalist Marc Andreessen said he was quitting EBay Inc s O EBAY board following the online retailer s decision last month to spin off its electronic payment unit PayPal The Silicon Valley pioneer has been involved in a public war of words with activist investor Carl Icahn one of eBay s large...
EBAY
Online threat to China s UnionPay outweighs foreign card rivals
By Engen Tham SHANGHAI Reuters Chinese bank card operator UnionPay which may soon have to defend its near monopoly against Visa and MasterCard faces a much bigger threat from online payment providers such as Alipay and is upgrading its systems to meet the danger Shored up by a raft of protectionist measures ...
WFC
Trump s consumer watchdog chief vents about leaked information memo
By Patrick Rucker WASHINGTON Reuters The top U S watchdog for protecting consumers against financial abuse on Thursday blamed employees for leaking information about cases that he had dropped or was aiming to settle according to an internal memo reviewed by Reuters Mick Mulvaney the head of the Consumer Finan...
WFC
Wells Fargo faces 1 billion fine from loan abuses
By Aparajita Saxena Reuters Two U S regulators have proposed Wells Fargo Co N WFC pay 1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U S bank overshadowing its first quarter results The San Francisco based lender which reported a quarterly p...
WFC
3 Top Wells Fargo Advantage Funds To Boost Your Returns
Wells Fargo NYSE WFC the owner of Wells Fargo Advantage Funds brand is one of the four largest banks in the United States and has a legacy spanning 150 years in the financial services sector With over 111 billion excluding money market assets of assets as on Nov 30 2017 Wells Fargo Advantage Funds diversify t...
EBAY
eBay trims 2014 revenue outlook amid economic fears
By Deepa Seetharaman SAN FRANCISCO Reuters EBay Inc NASDAQ EBAY trimmed its full year revenue forecast on Wednesday signaling a weaker than expected holiday shopping season for the e commerce company as it prepares to split from its fast growing payments arm PayPal EBay s report comes as weak economic data f...
WFC
Exclusive U S watchdog seeks record fine against Wells Fargo for abuses sources
By Patrick Rucker WASHINGTON Reuters The top U S watchdog for consumer finance is seeking a record fine against Wells Fargo NYSE WFC Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses according to three sources with knowledge of the plans The penalty would b...
WFC
Brokers Love These Construction Stocks Maybe You Should Too
The construction sector has demonstrated stability through 2017 amid various challenges with residential construction investment leading the way Despite political and economic uncertainties the sector saw sustainable growth A Look at Total Construction SpendingSpending on construction was up a sizeable 4 1 year ove...
EBAY
What s Next For Facebook
Facebook Had Quite The Day Currently up almost 17 the stock continues to push toward new all time highs and there s a strong chance that it will soon achieve that The frustration for traders who put a premium on managing risk is that unless you re willing to take the chance on a major down move holding FB or any...
WFC
Wells Fargo to integrate corporate and investment bank WSJ
Reuters Wells Fargo Co N WFC is planning to integrate its corporate and investment bank in an effort to reduce costs the Wall Street Journal reported on Thursday citing people familiar with the matter The bank s plans which could lead to layoffs in the future will affect some industry coverage groups ad...
WFC
Rival banks applauded U S watchdog on 2016 Wells Fargo settlement emails
By Michelle Price and Elizabeth Dilts WASHINGTON NEW YORK Reuters Rival lenders privately congratulated the top U S consumer watchdog on its 100 million settlement with Wells Fargo NYSE WFC over the bank s phony accounts scandal according to internal documents published by the Consumer Financial Protection B...
WFC
Proxy adviser ISS recommends vote for all Wells Fargo board nominees
Reuters Proxy advisory firm Institutional Shareholder Services ISS on Friday recommended Wells Fargo NYSE WFC Co shareholders vote for all Wells Fargo board nominees at the bank s annual meeting on April 24 The backing of the Wells Fargo board by the influential proxy advisor comes at an important time for...
WFC
Forget Wells Fargo WFC Add These 4 Bank Stocks Instead
Shares of Wells Fargo Company NYSE WFC have lost more than 2 year to date amid industry wide weakness and legal issues underperforming the s rally of 9 5 While the San Francisco CA based banking giant recorded growing deposits and loan balances over the past few years displayed a strong capital position and...
WFC
5 Precious Metals Funds Shining As Gold Hits 6 Week High
Gold prices touched their highest settlement in the last six weeks on Nov 27 With the U S dollar falling to a two month low gold prices received a strong boost A weaker greenback also had a positive impact on silver prices Rising gold and silver prices bode well for the overall precious metals market Gold lost som...
EBAY
Ebay in talks to take bitcoins at payments unit WSJ
SAN FRANCISCO Reuters Ebay Inc s O EBAY PayPal is in talks with Coinbase Inc and other bitcoin transaction providers to integrate the virtual currency within its Braintree payments system The Wall Street Journal reported on Thursday Executives at PayPal which owns the service that handles payments for startups...
EBAY
EBay considering PayPal spinoff report
Reuters EBay Inc is considering a spinoff of PayPal its fast growing payments unit as soon as next year tech news website The Information reported citing sources Shares of the online retailer jumped nearly 4 percent to 55 48 at midday EBay told potential candidates for the position of PayPal chief executiv...
WFC
Johnson taking proper steps in quest for Masters triumph
By Frank Pingue AUGUSTA Georgia Reuters Dustin Johnson is once again in fine form heading into next week s U S Masters and is not leaving anything to chance in his latest quest for the Green Jacket that so many expected him to slip into last year Johnson was the planet s hottest golfer and the favorite to triump...
WFC
NY Fed names Williams to top post amid political backlash
By Jonathan Spicer and Ann Saphir NEW YORK SAN FRANCISCO Reuters John Williams the genial president of the Federal Reserve Bank of San Francisco and a top monetary economist was promoted on Tuesday to head the New York Fed in a politically explosive decision that has been criticized for ignoring more diverse cand...
WFC
PennyMac Financial Services higher 2 2 after Wells Fargo upgrade
Wells Fargo NYSE WFC resumes coverage on PennyMac Financial Services NYSE PFSI 2 2 with outperform The PT of 28 represents a 22 81 upside over the yesterday s closing price of 22 80 Now read
WFC
Wells Fargo Faces Legal Issues High Costs Time To Sell
We issued an updated research report on Wells Fargo Company NYSE WFC on Nov 20 The San Francisco based company has traditionally followed organic and inorganic growth strategies However it is struggling with legal issues and escalating costs Troubles mounted for Wells Fargo following the revelation of opening ...
EBAY
Bitcoin Integration With PayPal Being Actively Considered Says eBay CEO
By John Donahoe CEO of ecommerce giant eBay Inc NASDAQ EBAY said he is actively considering an integration of popular digital currency Bitcoin BTC eUSD with the company s payment processing service PayPal In a Q A session at the company s annual shareholder meeting on 13 May Donahoe said bitcoin is a new e...
EBAY
eBay Urges Customers To Change Passwords After Hack Attack
By Online retailer eBay Inc NASDAQ EBAY said Wednesday that a database containing user information was hacked between late February and early March and encouraged users to change their passwords San Jose California based eBay said financial or credit card information was not compromised in the hacking attack B...
EBAY
Sotheby s And eBay Team Up In Bid For Online Luxury Shoppers
By People looking to buy the world s most expensive timepiece valued at 17 million will soon be able to shop at the same site they would use to buy a 5 vintage wind up Mickey Mouse watch High end art auction house Sotheby s NYSE BID will soon be live streaming sales from its New York headquarters thanks to a p...
WFC
U S industrial output soars housing starts fall
By Lucia Mutikani WASHINGTON Reuters U S industrial production surged in February boosted by strong increases in output at factories and mines but the economic outlook for the first quarter was dimmed by a larger than expected plunge in homebuilding last month The broad based rise in production likely reflected...
WFC
Facebook shares slide after reports of data misuse
By Munsif Vengattil Reuters Facebook NASDAQ FB Inc s shares fell more than 4 percent in premarket trading after media reports that a political consultancy that worked on President Donald Trump s campaign gained inappropriate access to data on 50 million Facebook users The move would knock 23 8 billion off the s...
WFC
Tether USDT Back in the Game Lifts Bitcoin to 9 000
After an almost two month hiatus the Tether minting wallet brought a new tranche of tokens this time 300 million USDT in one transaction Immediately the new tokens were sent to a known Bitfinex address The minting wallet has printed hundreds of millions of USDT within days in December and January and the gap in...
WFC
BioSyent reports Q4 results
BioSyent OTCPK BIOYF Q4 EPS of 0 10Revenue of 5 9M 17 8 Y Y Press ReleaseNow read
WFC
U S bond market signals inflation on slow simmer
By Richard Leong NEW YORK Reuters The U S bond market shows investors are confident that inflation has picked up from last year s low levels but they are not so sure it will head much higher from here The muted outlook comes as Federal Reserve officials at a two day policy meeting that began on Tuesday are likel...
WFC
Here s Why Wells Fargo Sees a Trade War Benefiting the Greenback
Bloomberg While the dollar has few fans among Wall Street strategists Wells Fargo NYSE WFC predicts that the greenback stands to gain from escalating trade tensions President Donald Trump ordered sweeping tariffs on Chinese goods Thursday prompting concern that America s largest foreign creditor will retali...
WFC
GBH Insights sees golden opportunity in crisis era Facebook
GBH Insights is also looking to buy the dip on Facebook NASDAQ FB though it might take a while for the current data chaos to pan out The firm is maintaining a rating of Highly Attractive and price target of 225 implying 41 upside Facebook shares rebounded to finish up 0 4 after a daylong pummeling driven chi...
EBAY
eBay Q4 Earnings Preview Taking The Auction Rev Stream s Pulse
By EBay Inc NASDAQ EBAY operator of the world s largest online marketplace is expected to post a 16 1 percent profit increase in the fourth quarter on modest deceleration in Marketplaces revenue growth from eBay com offset by slight revenue acceleration from PayPal The San Jose Calif company which will r...
EBAY
Carl Icahn Goes After EBay s Board
By In a harshly worded letter dispatched to shareholders of eBay NASDAQ EBAY on Monday billionaire activist investor Carl Icahn criticized the Internet company s management and its board over various aspects of corporate governance The complete disregard for accountability at eBay is the most blatant we have ev...
EBAY
eBay s Q1 Profit Beats Estimate But Outlook Disappoints
By eBay Inc NASDAQ EBAY posted a better than expected first quarter profit on Tuesday boosted by its PayPal payments unit but the e commerce giant s second quarter forecast fell short of estimates The company earned 70 cents per share during the quarter better than the average analyst estimate of 67 cents per ...
EBAY
Separation To Benefit eBay And PayPal
The markets have seen plenty of M A activity over the year but we ve also seen some very high profile separations The looming split of PayPal and eBay NASDAQ EBAY should not be seen as a divorce but more as an opportunity for both to spread their wings Although initially both parties found a plethora of synergies ...
WFC
Wells Fargo CEO s 2017 pay jumps 35 percent to 17 6 million
Reuters Wells Fargo Co N WFC Chief Executive Tim Sloan s made 17 6 million in 2017 up 35 percent from the previous year despite opting out of the bank s annual incentive plan The third largest U S bank is looking to rebuild its reputation following a 2016 scandal that involved thousands of Wells Fargo em...
WFC
Stein Mart pops after earnings credit transaction
Stein Mart NASDAQ SMRT announces that it closed on a new 50M term loan The company says it amended its credit agreement with Wells Fargo NYSE WFC to provide for the repayment of the existing 25M first in last out A 1 tranche of the credit facility All other key terms of the Credit Facility remain unchanged ...
WFC
Dollar firms as traders look to next week s Fed meeting
By Saqib Iqbal Ahmed NEW YORK Reuters The dollar rose to a two day high against a basket of major currencies on Thursday as traders braced for next week s Federal Open Market Committee meeting at which the Fed is expected to raise interest rates The dollar index DXY which measures the greenback against a baske...
WFC
U S labor market tightening inflation gaining steam
By Lucia Mutikani WASHINGTON Reuters The number of Americans filing for unemployment benefits fell last week pointing to sustained labor strength even as economic growth appears to have slowed early in the first quarter Other data on Thursday showed an increase in the prices of imported goods in February amid wea...
WFC
Wells Fargo CEO defends pay calls Senator Warren s criticism inappropriate
By Steve Friess DETROIT Reuters Wells Fargo Co N WFC Chief Executive Tim Sloan on Thursday defended a 35 percent gain in his latest compensation package while describing comments last year by Democratic U S Senator Elizabeth Warren who had called for his ouster as inappropriate The third largest U S ...
WFC
MMA Capital Management reports Q4 results
MMA Capital Management NASDAQ MMAC Q4 EPS of 0 84Revenue of 7 67M 42 3 Y Y 10 KNow read
WFC
Wells Fargo s wealth management unit now under federal investigation WSJ
The federal probe into Wells Fargo NYSE WFC has moved beyond the retail unit and into the bank s wealth management division writes Emily Glazer Issues raised by whistleblowers include proprietary bank investment products which are more profitable for the lender According to the filing earlier this month Wells is...
WFC
Housing Isn t Just About Real Estate
The National Association of Realtors NAR reported today that sales of existing homes resales were up slightly in September 2017 on a monthly basis At a seasonally adjusted annual rate of 5 39 million last month that was practically unchanged from the 5 35 million estimate for August that was the lowest in a year ...
WFC
Bad News Banksters Double Cross Their Customers
By Clint Siegner Crooked bankers are all over the headlines again The world s largest metals hedge fund Red Kite Management Ltd is suing Barclays LON BARC for rigging copper prices Federal prosecutors launched an investigation of Wells Fargo NYSE WFC bankers working on its foreign exchange desk Friday An...
EBAY
FOREX Dollar gains on cooling risk appetite weak stocks
Dollar up broadly pulls away from 14 month low vs euro Weaker stocks cool risk demand but dlr gains seen limited Riskier FX hit Swedish crown falls on Riksbank decision Adds comment updates prices changes byline By Jessica Mortimer LONDON Oct 22 Reuters The dollar rose broadly on Thursday reco...
EBAY
FOREX Dollar rebounds vs euro as risk appetite cools
Dollar up pulls away from 14 month low vs euro Weaker stocks cool risk demand supporting U S currency Euro remains near 1 50 renewed rally expected China stimulus fears briefly rattle market Updates prices adds U S data comments changes byline dateline By Steven C Johnson NEW YORK Oct 22 Re...
EBAY
US STOCKS SNAPSHOT Wall St advances Dow up 1 pct
NEW YORK Oct 22 Reuters U S stocks advanced on Thursday with the Dow industrials up 1 percent as insurer Travelers Cos Inc quarterly profit more than quadrupled and other blue chip results beat expectations Apple Inc shares pared losses but disappointing reports from LM Ericsson and eBay Inc kept the Nasdaq s...
WFC
Agree Realty offering 3M shares shares down 1 5
The public offering of common stock comes with a 30 day underwriter option for an additional 450K shares Agree Realty NYSE ADC intends to forward sell the shares and later use the proceeds when received for property acquisitions and development activity Shares are down 1 5 after hoursSource Press ReleaseNow read
WFC
Wells Fargo now seeing four rate hikes this year
Wells Fargo NYSE WFC Securities rate strategist Mike Schumacher breaks from the pack telling Bloomberg he expects the Fed to hike four times this year Markets have currently priced in three moves He sees the yield on the 10 year Treasury climbing to 3 20 from the current 2 85 ETFs IEF PST IEI VGIT UST DTYS...
EBAY
GLOBAL MARKETS Poor earnings knock stocks dollar bounces
Disappointing earnings weaken stocks Europe down 1 4 percent Japan 0 6 percent Wall Street set for weak start Dollar bounces off 14 month lows Euro zone government bonds flat By Jeremy Gaunt European Investment Correspondent LONDON Oct 22 Reuters Disappointing corporate results knocked equities...
EBAY
Ebay Bulls Are Running Out Of Power
Ebay Inc NASDAQ EBAY just like many other stocks bottomed in March 2009 and has been under the bulls jurisdiction ever since Prices managed to climb from slightly above 10 per share six years ago to almost 60 in 2014 And while this impressive rise may convince you eBay is a good stock to invest in the recomme...
EBAY
ADXS INFN MNTA OPK Up Monday
The indices had a pretty good rally on Monday off of a mutual sharp dropping holding secondary support It s a very resilient market and the stocks that we ve traded have done well Some of our swings are acting very well Advaxis Inc NASDAQ ADXS was up 3 61 to 28 77 or 14 on 3 million shares Since first bein...
WFC
Euro stabilizes after German Italian elections
By Richard Leong NEW YORK Reuters The euro edged higher on Monday after a short lived sell off tied to Italy s inconclusive weekend election helped by the creation of a coalition government in Germany that eased political uncertainty there Italy s election which pointed to prolonged political jitters after right...
WFC
LJM sued by its broker Wells Fargo over missed payments
NEW YORK Reuters A Chicago fund manager that is closing after big losses in last month s U S stock market plunge was sued on Tuesday for 16 4 million by its clearing broker Wells Fargo Securities for having allegedly missed required margin payments In a complaint filed in Manhattan federal court the Wells Far...
WFC
More Wells Fargo scrutiny from Congress
Senator Dick Durbin today sent a letter to Wells Fargo NYSE WFC asking the bank to cease any plans it has to add to college partnerships until it has fully addressed the Federal Reserve s orders from last month according to the WSJ Wells Fargo has programs with a number of colleges in which a student s college ID...
WFC
U S trade deficit races to more than nine year high
By Lucia Mutikani WASHINGTON Reuters The U S trade deficit increased to a more than nine year high in January with the shortfall with China widening sharply suggesting that President Donald Trump s America First trade policies aimed at eradicating the deficit will likely fail The trade gap continues to widen ...
WFC
Massachusetts s securities regulator investigates Wells Fargo Advisors
By Elizabeth Dilts NEW YORK Reuters Massachusetts Secretary of the Commonwealth William Galvin said Thursday his office is investigating possible customer abuses by employees of Wells Fargo NYSE WFC Co s brokerage division Galvin s investigation comes a week after Wells Fargo announced its own internal revie...
WFC
Wells Fargo downgrades Match Group raises target
Wells Fargo NYSE WFC downgrades Match Group NASDAQ MTCH from Outperform to Market Perform but raises the price target by 3 to 45 which is 0 64 above yesterday s close Analyst Peter Stabler says future share expansions will depend more on positive revisions rather than multiple expansion ...
WFC
Company News For Oct 16 2017
Shares of Applied Optoelectronics Inc NASDAQ AAOI plummeted 20 1 after the company lowered its third quarter 2017 non GAAP EPS to 1 04 to 1 09 down from the earlier projection of 1 30 1 43Wells Fargo Company s NYSE WFC shares declined 2 8 after the company posted third quarter 2017 revenues of 21 ...
WFC
U S manufacturing goods trade data point to slow first quarter growth
By Lucia Mutikani WASHINGTON Reuters New orders for U S made capital goods unexpectedly fell for a second straight month in January and shipments barely rose pointing to a slowdown in business spending on equipment and in economic growth early in the first quarter The moderation in growth was underscored by othe...