Wells Fargo & Co

Wells Fargo has agreed to a $300 million settlement in a class action lawsuit that accused the bank of forcing unnecessary auto insurance on customers.

On Dec. 20, Wells Fargo was ordered to pay a $3.7 billion settlement for the bank’s mismanagement of auto loans, mortgages, and deposit accounts.

A New York ruled in favor of lifting the freeze Wells Fargo put on Wendy Williams' bank accounts. A financial guardian has been assigned to help her manage her money.

Imaging losing money to a fraudulent attack, and your bank won't refund you any money. Why have Zelle scams been target Wells Fargo customers?

After settling a class-action lawsuit, Wells Fargo has decided to change its overdraft fee policy. Wells Fargo is a leading financial services company.

After receiving pushback from customers, Wells Fargo has decided to abandon plans to cancel all existing personal lines of credit.

Morgan Stanley charges fixed fees and performance fees for asset management services, products and services, and administration of accounts.

The US Treasury holds monthly auctions of three-year Treasury notes. The latest auction was held on July 7.

In spite of a rather weak performance, Wells Fargo (WFC) commands the highest premium due to its strong franchise, mortgage concentration, and high net interest margins.

The bank has always focused on its bread and butter revenue-earning stream: loans. Over the years, Wells Fargo slowly realized its goal of achieving a strong market share in lending.

Asset managers (VFH) are seeking stability in order to attract funds toward either equity or debt offerings.

In a Bloomberg survey of 37 analysts, 19 analysts (51%) have assigned a “buy” rating to Wells Fargo (WFC) while 13 (35%) have rated it as “hold.” The stock currently has five “sell” ratings.

The US economy has been improving gradually, but some businesses in the US have suffered a lot over the years.

On April 13, JPMorgan Chase reported 1Q16 earnings of $1.35 per share. It beat consensus estimates of $1.28. Its shares rallied 4.2% after the earnings beat.

Changes in technology have reshaped the banking sector. Banks are increasingly collaborating with fintech firms to improve their customer service.

Maintaining a high net interest margin has always been part of Wells Fargo’s (WFC) strategy. Wells Fargo has consistently been better than the industry’s average net interest margin.

We explored the most commonly used valuation metric for financial companies—the price-book value. We also understood the relation between price-book value and return on equity.

Investment-grade corporate bonds worth $28.8 billion were issued in the primary market in the week to May 27, 2016.

Charles Schwab (SCHW) has a price-to-earnings ratio of 20.80x on an NTM (next-12-month) basis.

PayPal reported that its payment transaction per active account increased 12.0% year-over-year in 1Q17.

Wells Fargo’s (WFC) broad operation level strategy over the long run can be described by two words—slow and steady. It doesn’t take many risks. It’s stable and boring.

If a bank is able to keep its cost of deposits low, it will have a competitive advantage. Wells Fargo has the lowest cost of deposits among its peers—despite having a very high deposit base.

Wells Fargo wants to maintain a balance between its interest income from loans and non-interest income. Non-interest income accounts for nearly 49% of Wells Fargo’s revenues.

Wells Fargo’s (WFC) first, and possibly the most important, operational strategy is focusing on cross-selling. It’s the most important pillar of its operational strategy.

All banks face risks. Two key areas to understand are banks’ market risk and reputational risk. Here’s a summary of each type.

Telecom services and utilities, the traditional dividend stars, have provided a fillip to US equities in 2016.

Banks experience operational risk in all daily bank activities, such as a check incorrectly cleared or a wrong order punched into a trading terminal.

Wells Fargo (WFC) believes that people are a competitive advantage source. Integrating sound human resource practices lies at the core of Wells Fargo’s strategy.

U.S. Bank does well in increasing its low-cost deposit base. In 4Q14, money market deposits grew the fastest at 19.7%—compared to 4Q13.

Since Donald Trump’s presidential victory, Wall Street analysts have raised their forecasts for the major banks’ (XLF) net interest margins as they anticipate rising interest rates and economic growth.

JPMorgan Chase will announce its first-quarter results before the markets open on April 14. Analysts expect the bank to post revenues of $29.7 billion.

Credit is the most important part of the economy, leading to increased spending, increased income levels, higher GDP, and faster productivity growth.

Berkshire Hathaway is a huge conglomerate with diverse operations. The company’s operations are complex, so let’s take an easy-to-understand approach.

Citigroup’s exposure in emerging markets is mainly to investment-grade global multinationals through its institutional businesses.

U.S. Bank’s (USB) non-performing assets were $1,808 million at the end of 4Q14. The ratio declined by 11.24%—compared to 4Q13.

Bank of America operates through five major segments. Its Consumer and Business Banking segment contributes a third of the bank’s total revenues.

Bank of America Corporation’s (BAC) banking operations are the second-largest in the United States by assets.

Consumer and Business Banking is Bank of America Corporation’s (BAC) largest segment. It contributes about a third of the bank’s total revenues.

Credit card loans account for more than half of Bank of America’s total consumer loan portfolio.

In addition to assessing the credit profile of the borrower, Bank of America ensures that loans aren’t too concentrated by industry, geography, or customer.

We’ll provide an overview of U.S. Bank. It’s the fifth largest retail bank in the US—by deposits and assets. At the end of September 2014, it held $391 billion in assets.

You need to understand loan categories better in order to see some very interesting trends in U.S. Bank’s loan growth. Its loans are divided into five main categories.

Richard Fisher also discussed the impact of quantitative easing (or QE) on excess reserve balances held by depository institutions at his speech at the London School of Economics on Monday, March 24.

Major deals included debt issues by Wells Fargo (WFC), Baidu, AT&T, and Verizon (VZ).

The price-book value ratio is the ratio of the market value of equity to the book value of equity. Price stands for the current market price of a stock. Book value is the total assets minus liabilities, or net worth, which is the accounting measure of shareholders’ equity in the balance sheet.

The top risks that every bank faces are credit risk and liquidity risk. We’ll look at the banks that managed this risk safely, and those that didn’t.

Most of the analysts covering Bank of America stock recommend a “buy.” On Tuesday, Atlantic Equities upgraded the stock to “overweight” from “neutral.”

Verizon (VZ) and Wells Fargo (WFC) are taking steps to integrate blockchain technology into their business models. Here’s why.

The banking sector plays a pivotal role in our daily lives. This series explores the sector, its driving factors, and its key indicators and latest trends.

On Wednesday, Bank of America (BAC) reported mixed second-quarter results. The bank’s profitability beat analysts’ expectation.