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WFC
Global stock bulls still running but a bit more tired
By Rahul Karunakar BENGALURU Reuters Global stock markets will rise further in 2018 even as the era of low inflation bond yields and volatility has come to an end and the rocket fuel behind a bull run that began in 2009 is running dry a Reuters polls of strategists showed After nearly a decade of easy monetary ...
WFC
Wells Fargo Probes Widen as Fed Says Sanctions Will Be Lasting
Bloomberg Wells Fargo NYSE WFC Co s legal and regulatory struggles expanded to previously untarnished businesses Thursday as the company revealed new allegations of improper sales practices The Federal Reserve vowed to keep unprecedented sanctions in place for a significant period The bank still trying...
WFC
Alaska s renowned Iditarod race mired in controversy to start Saturday
By Yereth Rosen ANCHORAGE Ala Reuters The world s most famous dog race is mired in a doping scandal under pressure from animal rights activists and coping with a drop in revenue Still the show will go on Alaska s Iditarod Trail Sled Dog Race starts on Saturday Sixty seven mushers and their dog teams are due ...
WFC
Wells Fargo reviews wealth business for possible customer abuse filing
Reuters Wells Fargo Co N WFC is examining its wealth and investment management business for possible customer abuse including overcharging and inappropriate referrals after inquiries from government agencies the company said on Thursday The third largest U S bank s board of directors is looking at whethe...
WFC
Stanley Furniture announces closing of sale of substantially all of its assets
Stockholders of Stanley Furniture STLY approved the previously announced sale of substantially all of its assets to Churchill Downs LLC for 10 8M in cash a subordinated promissory note in the principal amount of 7 4M and a 5 equity interest in Buyer s post closing ultimate parent company The Company used cas...
EBAY
UPDATE 1 EBay ex CEO Whitman plans run for Calif governor
SAN FRANCISCO Feb 9 Reuters Former eBay Inc Chief Executive Meg Whitman one of the highest profile Republican technology executives in Silicon Valley has formed a committee to explore running for governor of California in 2010 the first official step of a campaign The most populous U S state is known for its...
EBAY
REFILE UPDATE 2 EBay planning spin off of Skype through IPO
Refiles to fix typographical error in headline Recasts adds spin off details background byline Skype IPO expected by first half of 2010 EBay shares rise 4 percent By Alexandria Sage SAN FRANCISCO April 14 Reuters EBay Inc said on Tuesday it would spin off its Skype Web telephone services unit throu...
WFC
U S stock investors shrug off higher yields for now
By Lewis Krauskopf NEW YORK Reuters Spooked one week sanguine the next Some stock investors are drawing optimism from the market s ability to move upwards in the face of loftier yields even though those higher yields were partly blamed for last week s violent selloff Those investors are optimistic about econ...
WFC
ING says cryptocurrency exchange Bitfinex has an account with it
AMSTERDAM Reuters Dutch financial services company ING AS INGA on Tuesday confirmed that Bitfinex one of the largest exchanges for trading in cryptocurrencies such as Bitcoin has a bank account with it in the Netherlands Bitfinex s banking arrangements have been unclear since Wells Fargo NYSE WFC severed t...
WFC
Bosch starts new division acquires U S carpooling start up
Reuters Germany s Robert Bosch ROBG UL on Wednesday created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small U S ride services company as part of the strategic shift The carpooling start up Splitting Fares Inc whose app connects people who share th...
WFC
Sangamo bulls running after Gilead deal shares up 13 4
The pact extends Sangamo s NASDAQ SGMO value beyond gene editing and gene therapy says Wells Fargo NYSE WFC s Jim Birchenough boosting his price target to 39 from 30 SGMO up 13 4 to 25 17 Gene therapy peers are also on the move Regenxbio RGNX 3 9 Audentes Therapeutics BOLD 2 7 to name two Source ...
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 WFC raced higher after the November election gaining 10 in only 2 days It continued to move higher at a slower pace after that reaching an ultimate top at the end of February The pullback from there found support at the 200 day SMA an...
EBAY
Column Ecommerce loses immunity to economy woes Eric Auchard
Eric Auchard is a Reuters columnist The opinions expressed are his own By Eric Auchard LONDON Nov 26 Reuters For years Web retailers have touted their convenience and efficency over conventional retailers and enjoyed surging double digit sales growth especially in the crucial year end holiday shopping ...
EBAY
EBay ex CEO Whitman plans run for Calif governor
SAN FRANCISCO Feb 9 Reuters Former eBay Inc Chief Executive Meg Whitman one of the highest profile Republican technology executives in Silicon Valley has formed a committee to explore running for governor of California in 2010 the first official step of a campaign California faces challenges unlike anyother ...
EBAY
Here s What Hedge Funds Are Expecting From EBay On Wednesday
With the proliferation of smartphones it seems inevitable that mobile payments will be the next big step forward in e commerce Several apps are already competing to conquer the space in both consumer to merchant and peer to peer financial transactions through email and other forms of electronic transfers eBay s NAS...
EBAY
eBay Stock Soars On Rumors Of Possible PayPal Spinoff
eBay Inc NASDAQ EBAY stock is almost up 5 following a report stating that the company could spin off its cash cow PayPal payments units as early as next year The stock is currently trading at 55 89 per share and up about 4 63 for the day EBay has been telling potential recruits for the position of PayPal presid...
WFC
Wells Fargo Expects to Boost Consumer Loans Amid Fed Order
Bloomberg Wells Fargo NYSE WFC Co reckons it won t suffer a consumer backlash from the unprecedented punishment the Federal Reserve leveled this month The third largest U S bank anticipates an increase in loans made to consumers to finance homes and other purchases even as an order from the government s t...
WFC
Wells management still expects consumer loan growth
Wells Fargo NYSE WFC is aiming to fix and grow in 2018 in the wake of the devastating fake accounts scandal last year Speaking to Bloomberg CFO John Shrewsberry says he expects consumer loan balances to be higher one year from now Management is sticking to a strategy that continues to work by returning to growth o...
WFC
Trying to calm investors Wells Fargo CEO stresses on stability
Reuters Wells Fargo NYSE WFC Co Chief Executive Tim Sloan tried to deliver a message of consistency and stability at an investor event on Tuesday less than two weeks after it disclosed a regulatory sanction related to a long running sales scandal Asked whether an asset cap imposed by the U S Federal Reserv...
EBAY
Oversold eBay Nears Daily Support
Leading online commerce company eBay Inc NASDAQ EBAY has been steadily declining lower since topping out on February 27 2014 at 59 70 a share Today EBAY is trading lower by 0 33 cents to 49 a share It should be noted that the stock is currently trading below all of its major daily chart moving averages and tha...
WFC
Fed won t overreact to good economic news Williams says
By Ann Saphir HONOLULU Reuters The Federal Reserve will stick to its plan for steady gradual interest rate increases a Fed policymaker said Wednesday despite market gyrations and strong data on U S wage growth that has bond traders pricing in faster rising inflation I am going to try to dispel you of the myt...
WFC
Credit Suisse kept 300 million from brokers in closed U S unit lawsuit
By Jonathan Stempel Reuters A new lawsuit accuses Credit Suisse SIX CSGN Group AG of withholding up to 300 million of pay from U S based brokers who refused or were unable to move to Wells Fargo NYSE WFC Co after their private banking unit was shuttered in 2015 In a complaint filed on Wednesday Christ...
WFC
U S stock market chill threatens to put IPOs on ice
By Joshua Franklin NEW YORK Reuters Wide swings in the U S stock market has blunted initial public offering IPO activity on Wall Street in what was set to be the busiest week for new listings in more than two and a half years All signs points to the disruption to IPOs continuing Ten companies had planned U S ...
WFC
U S CPI Data Take on Bigger Importance After Markets Plunge
Bloomberg Wednesday s report on the U S consumer price index will be the most closely watched in recent memory with investors seeking to understand the recent plunge in the stock and bond markets They ll probably need to look beyond the main numbers for the full story The core CPI which excludes food and ener...
CMCSA
Comcast Stock Rises 3
Investing com Comcast NASDAQ CMCSA Stock rose by 3 01 to trade at 43 94 by 10 25 15 25 GMT on Tuesday on the NASDAQ exchange The volume of Comcast shares traded since the start of the session was 5 11M Comcast has traded in a range of 43 38 to 43 94 on the day The stock has traded at 44 7200 at its highes...
CMCSA
Sprint T Mobile and Comcast Collaborate to Stop Robocalls
In a joint press release early Tuesday morning telecom operator Sprint NYSE S and cable giant Comcast NASDAQ CMCSA announced a shared effort to block so called robocalls from reaching their phone service customers What s new Two technologies known as Secure Telephone Identity Revisited STIR and Signature base...
CMCSA
How Comcast and Charter Have Used Cellphone Services to Sell Wifi
Just a few years ago some investors along with a handful of analysts scoffed at the idea of Comcast NASDAQ CMCSA successfully competing with more entrenched players in the mobile phone business The chorus was repeated in 2018 when Charter Communications NASDAQ CHTR decided to take on the likes of AT T NYSE...
CMCSA
Upstart Neon wins top Oscars prize Netflix falls short again
By Lisa Richwine LOS ANGELES Reuters Three year old independent film distributor Neon upstaged the traditional Hollywood studios and streaming giant Netflix Inc NASDAQ NFLX on Sunday to grab the coveted best picture Oscar for South Korean have and have nots tale Parasite The movie topped World War One drama 1...
CMCSA
Will Disney Blast DIS To Infinity Beyond
Disney NYSE DIS is up to bat this earnings season and this quarterly report is crucial to how investors perceive this evolving tech firm moving forward It will be the first earning report that will include Disney The entertainment conglomerates esteemed streaming platform Disney reported excellent traction in ...
CMCSA
Disney s First Quarterly Results Are On Deck
Disney NYSE DIS is preparing to release its December quarter earnings after the bell Tuesday Feb 4th and the market s eyes will be fixated on the company s esteemed new streaming service Disney Expectations have been growing since this service was released in November The media giant announced that they had ...
CMCSA
Disney To Report Earnings Today Here s What To Expect
The Walt Disney Company NYSE DIS is set to report first quarter fiscal 2020 results on Feb 4 after market close Disney s top releases and newest additions are likely to boost its top line However expenses related to the launch of the streaming business and new attractions may weigh on its bottom line Box Office...
CMCSA
The Zacks Analyst Blog Highlights Disney Netflix Comcast And ATT
For Immediate ReleaseChicago IL February 4 2020 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include Disney NYSE DIS Netfli...
CMCSA
Buy Roku Stock On The Dip Before Q4 Earnings On Streaming TV Growth
Roku NASDAQ ROKU shares have moved sideways for six months and now the streaming TV firm is set to report its Q4 financial results after the closing bell on Thursday The question is should investors consider buying once high flying Roku stock amid an ever expanding streaming TV market Recent Roku Worries Roku st...
CMCSA
TEGNA TGNA Q4 Earnings Beat Estimates Revenues Rise Y Y
TEGNA NYSE TGNA reported fourth quarter 2019 non GAAP earnings of 47 cents per share which beat the Zacks Consensus Estimate by 9 3 However the figure declined 36 5 on a year over year basis Revenues were up 8 1 year over year to 694 million which beat the consensus mark by 0 7 The year over year growth w...
EBAY
As Fed Pares The Dow Steps Up
The FOMC s positive assessment of the U S economy and decision to scale back asset purchases by another 10 billion breathed new life into the stock market Wednesday after the dismal Q1 GDP revision threatened to halt Wall Street s two day winning streak All major indices close with constructive gains with the S P 50...
WFC
Asian Shares Slump As Late US Tailspin In Stocks Hits Sentiment
Investing com Asian shares fell sharply on Tuesday in line with a tailspin in late US equity trading that carried straight into the region and hit sentiment Japan s Nikkei 225 eased 6 66 at the break Toyota was down 3 47 In Australia the S P ASX 200 with the energy sub index was among the worst performing in th...
WFC
Wall Street casts weary eye at Wells Fargo s latest woes
By Ross Kerber BOSTON Reuters As Wells Fargo NYSE WFC Co enters the latest chapter in its long running sales practices saga Wall Street is trying to figure out how to make sense of new developments that do not affect profits very much but can send the bank s stock price careening On Friday the U S Federal...
WFC
U S trade deficit rises to nine year high on robust imports
By Lucia Mutikani and David Lawder WASHINGTON Reuters The U S trade deficit widened more than expected in December to its highest level since 2008 as robust domestic demand pushed imports to a record high adding to the stiff headwinds faced by the Trump administration s America First trade policies The import...
WFC
Wells Fargo Hikes S P 500 Target Saying Worst in Stocks Is Over
Bloomberg Wells Fargo NYSE WFC has a message for its clients the worst is over and you are free to trade The firm sees almost 10 percent upside to the S P 500 through 2018 with most of the gains coming in the next three to six months It s boosting its year end target for the gauge to 2 950 from 2 863 Th...
WFC
S P cuts Wells Fargo s credit ratings on regulatory risks
By Pallavi Dewan Reuters Credit rating agency Standard Poor s on Wednesday cut Wells Fargo NYSE WFC Co s credit ratings days after the U S Federal Reserve imposed regulatory restrictions on the bank Wells Fargo s long term issuer credit rating was downgraded to A from A and short term issuer credit ...
WFC
Bulls vs bears taking sides on the stock market
By Lewis Krauskopf and Sin ad Carew NEW YORK Reuters After a steep pullback in U S stocks in the last few days from record highs set in January investors are debating whether the market is ready to resume a march higher or if they should be bracing for a steeper correction Here are five arguments for each case ...
CMCSA
Comcast acquires Blueface
Comcast NASDAQ CMCSA acquires Blueface a Dublin Ireland based global technology provider and leader in unified communications solutions Terms of the acquisition were not disclosed The acquisition adds Blueface s proprietary and fully customizable cloud voice unified communications platform to complement Comcast b...
CMCSA
Comcast Raises Its Dividend 10 Ahead of Peacock Streaming TV Launch
Although it often plays second fiddle to other entertainment and communications giants Comcast NASDAQ CMCSA put the final wrap on a very successful 2019 Overall revenues and profits increased overcoming a wave of residential customers canceling cable TV packages a weak showing at the box office and no broadcasti...
CMCSA
Will Comcast s Fears of Disrupting Cable Stifle Peacock s Streaming Future
Comcast owned NASDAQ CMCSA NBCUniversal is a part of the wave of companies releasing new streaming services But you d be forgiven if you d forgotten about Peacock which the company has been preparing with relatively little hype until an investor event earlier this month Compared to Disney s NYSE DIS juggernaut D...
CMCSA
Investors in Wireless Can t Ignore Comcast
Comcast NASDAQ CMCSA added 261 000 subscribers to its Xfinity mobile service in the fourth quarter and it now counts over 2 million total customers That represents its highest net addition number of any quarter since launching the service in 2017 and reverses a trend of declining net addition growth seen in the fi...
CMCSA
Comcast Customer Data Bundling is Dying and That s Not All Bad
The concept is simple enough Customers of one Comcast NASDAQ CMCSA service are the company s top prospects for another Comcast service The organization can even afford to offer price breaks to customers of multiple offerings since one of the telco industry s major expenses is bringing a consumer into an ecosystem ...
CMCSA
AT T Ended 2019 With Fewer Video Subscribers Than Comcast
AT T NYSE T lost another 1 16 million video subscribers in the fourth quarter bringing its 2019 total to 4 1 million The company ended the year with 20 4 million subscribers between DirecTV U Verse and AT T TV Now The rapid decline in subscribers puts AT T behind its biggest competitor in pay TV Comcast NASDAQ...
CMCSA
Comcast CMCSA Beats Q4 Earnings And Revenue Estimates
Comcast CMCSA came out with quarterly earnings of 0 79 per share beating the Zacks Consensus Estimate of 0 75 per share This compares to earnings of 0 64 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 5 33 A quarter ago it was...
EBAY
3 Views To Bid On eBay At 45 50
The auction giant has long been discussed as having some great business and very poor management Over 2012 the business story seemed to be a winner but now it seems that the stock is ready for a pullback Take a look eBay EBAY MonthlyThe first view is very simple The monthly chart of eBay EBay is printing a d...
EBAY
PayPal To Launch Space Payment Initiative
PayPal announced on Thursday that it was launching PayPal Galactic in partnership with the SETI Institute and astronaut Buzz Aldrin You know this has happened to you before You re flying around in space and you get halfway around the moon and you run out of antimatter Even worse all you have are dollars and eve...
WFC
Bonds yet to catch bid as stock selloff continues
Bond market veterans are struggling to remember the last time stocks sold off 2 and yields on the long end of the Treasury curve actually rose sharply But just that scenario occurred on Friday As for today stocks are selling off again the S P 500 down 0 9 but bonds still can t catch a bid The 10 year Treasury ...
WFC
Dollar rebounds as U S yield spike stalls
By Richard Leong NEW YORK Reuters The dollar rose against a basket of currencies on Monday as the U S bond market selloff leveled off after the 10 year yield hit a four year peak on worries that the Federal Reserve might raise interest rates faster to counter signs of wage pressure Analysts cautioned however th...
WFC
Global Markets Remain Wary
Asian markets were little changed on Tuesday for the most part waiting to see how the current situation between North Korea and the U S would play out Australian investors digested a sharply wider current account deficit and the Reserve Bank of Australia held pat on current monetary policy In Japan the Nikkei cont...
WFC
5 Low Beta ETFs For A Volatile Market
Volatility and uncertainty have shaken complacency from the stock market A myriad of woes including the North Korea nuclear threat Washington turmoil doubts over Trump administration uncertain Fed policy as well as Hurricane Harvey and its aftermath are currently acting as tailwinds Notably North Korea tensions ha...
WFC
U S Service Sector Rebounds 5 Mutual Funds In Spotlight
The U S service sector activity staged a rebound in August and reached the highest level in the last two months on the back of a strong upside in business activity new orders employment and prices paid Out of the 17 key non manufacturing industries steady growth in 15 industries boosted service sector activity in ...
WFC
The Zacks Analyst Blog Highlights PowerShares Financial Preferred Reaves Utilities ETF IShares Edge MSCI Multifactor Consumer Staples ETF Cambria Value And Momentum ETF And Reality Shares DIVCON Dividend Guard ETF
For Immediate ReleaseChicago IL September 8 2017 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog includePowerShares Financial Prefer...
CMCSA
Comcast Stock Falls 3
Investing com Comcast NASDAQ CMCSA Stock fell by 3 09 to trade at 44 23 by 12 00 17 00 GMT on Friday on the NASDAQ exchange The volume of Comcast shares traded since the start of the session was 16 43M Comcast has traded in a range of 44 22 to 45 05 on the day The stock has traded at 47 7400 at its highes...
CMCSA
Airlines Consumer Goods and Comcast
In this episode of MarketFoolery Chris Hill chats with Bill Barker about market news Comcast NASDAQ CMCSA is up on fourth quarter profits Bill and Chris discuss what the company might do with its streaming service Peacock and how it s differentiating itself from say Apple NASDAQ AAPL Several airlines are r...
CMCSA
Even Comcast Is Embracing Cord Cutting Now
Industry disruption often happens slowly In video streaming for example Netflix NASDAQ NFLX was long ignored by entertainment incumbents eager to reap bumper profits from the cable ecosystem that worked so well for a generation Time Warner s chief at one point dismissed the streaming challenger as the Albanian a...
CMCSA
Comcast Gives Cats the Silent Treatment in a Rocky Q4 Report
Media conglomerate Comcast NASDAQ CMCSA reported fourth quarter results on Thursday morning The company exceeded Wall Street s expectations across the board but the report was also studded with market by market trouble spots Meow Comcast s fourth quarter results by the numbers Data source Comcast GAAP genera...
CMCSA
Comcast Thinks It Can Make More Money in Streaming Than Anyone Else
Comcast NASDAQ CMCSA just took the wraps off its forthcoming Peacock streaming service earlier this month and it discussed relatively modest expectations 30 million to 35 million viewers in the next five years bringing in 6 or 7 per month a pop for about 2 5 billion in annual revenue So it was a bit curious ...
CMCSA
Comcast Expects More Customers to Cut the Cord in 2020
Comcast s NASDAQ CMCSA video subscriber losses nearly doubled in 2019 The leading cable TV provider ended the year with just 21 25 million video subscribers down 733 000 from the end of 2018 And management says cord cutting is going to get worse this year We expect higher video subscriber losses this year CFO ...
CMCSA
Comcast to open six stores in Twin Cities this year
Comcast CMCSA 0 5 says it will open six new Xfinity stores in Minnesota s Twin Cities by the end of the year That means a new 1 5M investment part of an initiative to transform its retail stores around the country The move will bring the total of Xfinity stores in the area to 14 The new stores will range from ...
CMCSA
Comcast CMCSA Earnings Expected To Grow What To Know Ahead Of Next Week s Release
Comcast CMCSA is expected to deliver a year over year increase in earnings on higher revenues when it reports results for the quarter ended December 2019 This widely known consensus outlook gives a good sense of the company s earnings picture but how the actual results compare to these estimates is a powerful facto...
EBAY
eBay Continues To Soar
Shares of Ebay Inc EBAY have jumped to new 2012 highs after a two week rally on top of a gain of 70 already for this year The rally began after Fitch Ratings affirmed eBay s A outlook The ratings and outlook reflect the company s leading e commerce platform its strong position in on line payments as well as the...
EBAY
eBay Vol Breaches Annual High Well Ahead Of Earnings Report
eBay Inc EBAY is a global technology company that enables commerce through three reportable segments Marketplaces Payments and GSI I noticed eBay last night while perusing the market because of the vol namely vol that has reached an annual high well ahead of earnings due out in mid Apr very close to Apr exp...
WFC
Forex Aussie Drifts Weaker Despite Producer Price Gains Nonfarm Payrolls Ahead
Investing com The Aussie fell despite in Asia on Friday stronger than expected producer prices with markets focused on nonfarm payrolls data out of the US ahead AUD USD traded at 0 8034 down 0 07 while USD JPY changed hands at 109 34 down 0 06 EUR USD fell 0 05 to 1 2508 Australia reported producer prices ro...
WFC
Fed orders Wells Fargo to halt growth over compliance issues
By Pete Schroeder and Lauren Tara LaCapra WASHINGTON NEW YORK Reuters Wells Fargo NYSE WFC Co detailed new regulatory restrictions imposed by the U S Federal Reserve on Friday that sent its shares down sharply in after hours trading as the third largest U S bank continues to reel from a sales scandal that ...
WFC
Yellen Admits Disappointment Over Exit in Rare Interview
Bloomberg Federal Reserve Chair Janet Yellen professed her disappointment over not being tapped for a second term by President Donald Trump as she also predicted the central bank would keep on its path of gradual interest rate increases I would have liked to serve an additional term and I did make that clear s...
WFC
Interest rate angst trips up U S equity bull market
By David Randall NEW YORK Reuters For nearly nine years the global hunt for yield sent you to one place the U S stock market On Friday stocks took their biggest pounding since September 2016 before U S President Donald Trump was elected after the U S government s monthly payrolls report showed the biggest ...
WFC
Yellen Says Prices High for Stocks Commercial Real Estate
Bloomberg Outgoing Federal Reserve Chair Janet Yellen said U S stocks and commercial real estate prices are elevated but stopped short of saying those markets are in a bubble Well I don t want to say too high But I do want to say high Yellen said on CBS s Sunday Morning in an interview recorded Friday as ...
WFC
Buy These 5 Precious Metals Funds As Gold Hits 11 Week High
Gold prices touched the highest settlement in the last 11 weeks on Aug 21 Prices of the yellow metal also reached this year s best intraday high rising above 1300 an ounce on Friday Gold s rise was triggered by uncertainty in both domestic and global markets Tensions between the U S and North Korea were rekindled...
WFC
Missile Fears Lurking Seek Refuge In 5 Utility Mutual Funds
North Korea fired a ballistic missile over Japan on Aug 29 which crashed without causing harm in the Pacific Ocean Regardless Japan Prime Minister Shinzo Abe termed North Korea s action as a grave and careless threat to the country Following this development Asian shares plummeted and U S futures moved southward ...
WFC
Cramer Dubs Wells Fargo A Rogue Bank After New Fake Accounts Discovered
After a deeper investigation into its fraudulent sales scheme Wells Fargo NYSE WFC revealed that it discovered up to 1 4 million more fake accounts than it previously estimated leading famous Wall Street commentator Jim Cramer to declare the company a rogue bank Wells Fargo just announced this new twist in its...
WFC
Wells Fargo s Weak Technicals Where s The Bid
Wells Fargo NYSE WFC has been declining for quite some time The company was caught in a bogus account scandal that has resulted in numerous fines and congressional investigations These problems are still lingering but history suggests that WFC will resolve these issues eventually Recently the stock topped out on...
CMCSA
Comcast results beat forecasts on broadband growth Cats hits NBC Universal unit
By Helen Coster and Neha Malara Reuters Comcast Corp O CSA on Thursday beat Wall Street s revenue and profit estimates due to growth in broadband customers but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film Cats bombed at the box o...
CMCSA
Comcast takes aim at CNN with NBC Sky global news channel FT
Reuters Comcast s O CMCSA NBC and Sky will jointly launch a global news channel taking aim at CNN the Financial Times reported on Thursday The channel NBC Sky World News will unite Comcast s transatlantic brands the report said NBC Sky World News would draw on a 3 500 strong combined workforce of NBC and S...
CMCSA
Comcast Corporation CMCSA Q4 2019 Earnings Call Transcript
Comcast Corporation NASDAQ CMCSA Q4 2019 Earnings CallJan 23 2020 8 30 a m ETContents Prepared Remarks Questions and Answers Call Participants Prepared Remarks OperatorGood morning ladies and gentlemen and welcome to Comcast s Fourth Quarter and Full Year 2019 Earnings Conference Call Operator Instructions ...
EBAY
Cruising What s Not To Like
During uncertain economic times true value becomes the consumer s guiding mantra Getting your money s worth on whatever it s spent on is the definition of true value in this sense Whether it s a great meal at a discount a good deal on a luxury car or going on a first class vacation at a fraction of the expected pri...
EBAY
EBay Earnings Trade Ideas
EBay EBAY pulled back over the last month just as it did for the month prior to its last earnings report As it headed into the report tonight it has a Relative Strength Index RSI that has held in bullish territory on the recent pullback and is moving back up and a Moving Average Convergence Divergence MACD i...
WFC
U S pensions seen adding bonds paring stocks Wells Fargo
NEW YORK Reuters U S pensions are expected to shift more money into bonds and out of equities to rebalance their holdings at month end in the wake of strong gains in the stock market in January Wells Fargo NYSE WFC strategists said on Monday The possible increased allocation into bonds comes as global bond y...
WFC
Asset managers rush to launch MSCI index funds ahead of China A share inclusion
By Samuel Shen and John Ruwitch SHANGHAI Reuters Chinese asset managers seeking to get ahead of an expected wave of foreign money inflows are racing to launch index funds that place bets on a select group of mainland stocks which will be included in MSCI s emerging market benchmark this year The first such prod...
WFC
Wells Fargo names new head of regulatory relations
Reuters Wells Fargo NYSE WFC Co on Tuesday appointed Sarah Dahlgren as its head of regulatory relations effective March 12 Dahlgren joins from McKinsey and will report to Wells Fargo s chief risk officer Mike Loughlin until his successor is named Loughlin had announced his retirement on Jan 17
WFC
U S consumer confidence rebounds house prices march higher
WASHINGTON Reuters U S consumer confidence rebounded in January and house prices increased further in November suggesting that a recent acceleration in consumer spending was likely to be sustained despite sluggish wage growth Robust consumer confidence and rising household wealth as a result of record gains on th...
WFC
Rising bond yields not high enough yet to spook investors
By David Randall NEW YORK Reuters The jump in U S Treasury yields to more than three year highs is pushing fund managers to sell interest rate sensitive utility and real estate stocks but does not yet threaten to derail the nine year long bull market in U S equities or slow down the broader economy Instead the...
WFC
Crypto Exchange Bitfinex Tether Are Said Subpoenaed by CFTC
Bloomberg U S regulators are scrutinizing one of the world s largest cryptocurrency exchanges as questions mount over a digital token linked to its backers The U S Commodity Futures Trading Commission sent subpoenas on Dec 6 to virtual currency venue Bitfinex and Tether a company that issues a widely traded c...
WFC
Conference Board Leading Economic Index Continued Increases In July
The latest LEI for July increased to 128 3 from a revised 127 9 in June and is currently at another all time high The 0 3 percent month over month gain matched the 0 3 increase forecast by Briefing com The Conference Board LEI for the U S continued to increase through July with gains widespread across nearly al...
CMCSA
Comcast is set to report earnings before the bell Here s what the Street expects
Comcast fourth quarter results exceeded expectations on the top and bottom lines The company added 442 000 new high speed internet customers during the quarter which surpassed analysts expectations for 378 000 net adds
CMCSA
Comcast Stock Falls 3
Investing com Comcast NASDAQ CMCSA Stock fell by 3 01 to trade at 46 07 by 09 36 14 36 GMT on Thursday on the NASDAQ exchange The volume of Comcast shares traded since the start of the session was 2 71M Comcast has traded in a range of 46 04 to 46 97 on the day The stock has traded at 47 7400 at its highe...
WFC
P G second quarter beats but margins worry investors
By Siddharth Cavale Reuters The world s largest consumer goods maker Procter Gamble Co reported better than expected sales and profit for its second quarter on Tuesday but investors focused on a drop in gross margins sending its shares down 2 percent Margins fell by nearly 1 percent in the quarter hit by hig...
WFC
Will Cryptos End Spoofing Or Enable It
Capital will always flow to where it is treated best Of that I have no doubt When talking about market manipulation the question becomes where is the intersection between the rules of the exchange and trading volume Practices like Stop Loss Raiding and the like are as old as markets themselves With each new tec...
WFC
Is The Market Reacting To Earnings Or Just Charts
S P Profits Are corporate results improving or is the stock market rising based purely on technicals From The Fat Pitch The headline numbers for 2Q17 financial reports are good S P profits are up 19 year over year sales are 6 higher profit margins are at new highs This is in stark contrast to early 2016 when ...
WFC
Ranger Energy Services IPOs Friday
This week a number of companies are set to launch the initial public offering of their shares These companies include Zealand Pharma NASDAQ ZEAL Contura Energy NYSE CTRA and Ranger Energy Services NYSE RNGR whose target market valuation is at around 240 million The company would start trading on Friday on th...
CMCSA
Peacock Details Suggest High Speed Internet Is Still Comcast s Top Priority
Cable communications and media juggernaut Comcast NASDAQ CMCSA ignored by most investors even though it has more than doubled the return of the S P 500 index over the last decade has gotten some rare attention lately The massive success of Netflix NASDAQ NFLX has legacy competitors and new entrants trying to...
CMCSA
1 Big Hurdle That Could Prevent Comcast s Peacock From Succeeding
Comcast NASDAQ CMCSA revealed a lot of details about its forthcoming streaming service Peacock earlier this month It ll be mainly ad supported It ll have lots of live and on demand content And Comcast cable and internet subscribers will get early access to everything Peacock has to offer But there s still one b...
CMCSA
Comcast s Peacock Streaming Service Will Be a Win for Viewers and Investors Here s Why
Comcast NASDAQ CMCSA unit NBCUniversal announced details for its Peacock streaming service at a star studded investor event held at the famed Studio 8H at 30 Rockefeller Plaza the home of Saturday Night Live SNL The event was hosted by a variety of Comcast and NBCU execs and included celebrity appearances by Ti...
WFC
Wells Fargo s chief risk officer to retire
Reuters Wells Fargo NYSE WFC Co said on Wednesday Chief Risk Officer Mike Loughlin will retire and a successor will be appointed in the next few months Loughlin a 36 year veteran at Wells Fargo has been the chief risk officer since 2008 and had helped the bank navigate through the financial crisis He was...
WFC
Investors yawn at latest U S government shutdown squabble
By Sinead Carew Reuters Investors have shrugged off the latest threat of a federal government shutdown saying they are not worried about a major pullback in shares even if U S lawmakers fail to strike a deal If history is any guide a shutdown would not be enough to knock the market off course And investors ha...
WFC
Weak Dollar Poses 3 4 Trillion Question for U S Credit Markets
Bloomberg A key patron of U S corporate debt markets overseas investors may turn from friend into foe this year The weak dollar has whittled down returns for unhedged money managers raising the prospect of capital flight if the greenback s losing streak gathers pace warn Wells Fargo NYSE WFC Co st...
WFC
Wells Fargo says resolved payment duplication glitch
Reuters Wells Fargo Co N WFC said on Thursday it resolved an internal processing error that resulted in customers online bill payments being processed twice On January 17 an internal processing error caused temporary double posting of some items impacting some customers The issue was corrected overnight ...