Wells Fargo & Co
Latest Wells Fargo & Co News and Updates
Company & Industry OverviewsA Look at Zoom’s Most Prominent Customers
Zoom Video Communications (ZM) serves customers of all sizes, from sole businesses to Fortune 50 organizations. Earnings ReportBank of America’s Asset Quality, Efficiency, and Earnings
Bank of America’s (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter. ConsumerWarren Buffett Isn’t Exiting Kraft Heinz
Buffett said that considering Berkshire Hathaway’s massive stake in Kraft Heinz, it wouldn’t be easy for him to exit the company. FinancialsCould Warren Buffett’s Views on Bitcoin Change?
Berkshire Hathaway (BRK-B) chair Warren Buffett has never been a fan of cryptocurrencies like bitcoin. FinancialsBank of America Stock: Analyzing the Uptrend
Bank of America (BAC) has impressed investors with its financial performance. We expect Bank of America to sustain the momentum in 2019. Company & Industry OverviewsWells Fargo to Cut Over 600 Jobs amid Mortgage Business Slowdown
On August 23, Wells Fargo (WFC) announced that it planned to terminate the jobs of 638 employees in its home mortgage division. FinancialsA Look at the Top Five US Banks’ Valuations
On a TTM basis, JPMorgan Chase trades at a price-to-book ratio of 1.7x, while the industry average stands at 1.6x. Company & Industry OverviewsWhat’s JPMorgan Chase’s Valuation?
JPMorgan Chase (JPM) stock has generated a return of 21.0% in the last six months and 31.3% over the past year. Earnings ReportHow Analysts View E*TRADE Financial in February 2018
E*TRADE Financial Corporation (ETFC) is covered by 16 analysts in February 2018. Of these analysts, nine suggested a “strong buy” and three gave “hold” ratings on ETFC. Company & Industry OverviewsWhat’s Wells Fargo’s Valuation?
Wells Fargo (WFC) stock has risen 13.0% over the past six months and 10.1% over the past year. Company & Industry OverviewsWhat Do Analysts’ Ratings Suggest for Wells Fargo in 2017?
In May, 13 of the 31 analysts covering Wells Fargo rated the stock as a “buy,” 12 analysts rated it as a “hold,” and six analysts rated it as a “sell.” Company & Industry OverviewsWhat Are Bank of America’s 2017 Growth Drivers?
Bank of America’s CEO has repeatedly discussed the importance of cost controls and how such measures could significantly boost BAC’s earnings over the next few years. Company & Industry OverviewsWhat’s Bank of America’s Interest Rate Risk?
Bank of America (BAC) is extremely sensitive to interest rate changes. Its latest 10-Q filing shows that its asset sensitivity has risen in 2Q15. Company & Industry OverviewsHow Sensitive Are Wells Fargo’s Earnings to Interest Rates?
Wells Fargo has the largest loan portfolio among US banks (XLF). As of 2Q16, the bank has a loan portfolio of $952 billion. Company & Industry OverviewsWhy Wells Fargo Has a Less Risky Business Model than JPMorgan Chase
Wells Fargo (WFC) is less exposed to the risky investment banking and trading business than its peers JPMorgan Chase (JPM), Citigroup (C), and Bank of America (BAC). Company & Industry OverviewsInterest Rate Sensitivity: JPMorgan Chase versus Wells Fargo
For Wells Fargo, net interest income makes up 53% of its total income while for JPMorgan Chase (JPM), net interest income makes up 46% of its total income. Company & Industry OverviewsHow Does Wells Fargo Compare with JPMorgan Chase on Profitability?
JPMorgan Chase (JPM) and Wells Fargo (WFC) reported profits of $6.2 billion and $5.6 billion, respectively, in the most recent quarter. Company & Industry OverviewsWhy BAC Is Better Positioned to Gain from a Rate Hike Than JPM
Bank of America (BAC) is better positioned to gain from an interest rate hike than JPMorgan Chase (JPM). It’s more sensitive to interest rate changes. FinancialsMortgage Rates Rise with the Bond Market
Lately, mortgage rates and bond yields have shown a weak correlation. Treasury yields have fallen over the past month, while mortgage rates have been steady. Company & Industry OverviewsDid Wells Fargo Pass the Fed’s Stress Test?
The Federal Reserve’s stress test results indicate that Wells Fargo (WFC) has sufficient capital to absorb the estimated $25 billion in losses it is projected to incur under the test’s worst-case scenario. Company & Industry OverviewsWells Fargo: What Sets It Apart from Its Peers?
Wells Fargo (WFC) is the largest mortgage lender in the US, operating primarily as a retail and commercial bank. It is been the most profitable bank in its peer group, posting a return of 10% on shareholder’s equity and ~1.3% on assets in 2015. Company & Industry OverviewsWells Fargo Benefits from a Solid Business Model
Wells Fargo (WFC) has been considered the strongest and most steady among the “too big to fail” banks in the United States for years. Company & Industry OverviewsComparing Wells Fargo and Bank of America’s Profitability
In 1Q16, Wells Fargo’s revenue grew 4% to $22.2 billion. Bank of America’s (BAC) revenue fell 7% YoY (year-over-year) to $19.5 billion. Company & Industry OverviewsHow Sensitive to Interest Rates Has Bank of America Really Become?
Bank of America’s (BAC) earnings are extremely sensitive to interest rate changes. Low interest rates have weighed on the bank’s top line. Company & Industry OverviewsBid-to-Cover Ratio Fell for 26-Week Treasury Bill Auction
The U.S. Department of the Treasury held the weekly 26-week Treasury bill auction on February 16, 2016. T-bills totaling $30 billion were on offer. Company & Industry OverviewsWhy General Electric Is Focusing on Industrials?
Originally incorporated in 1892, General Electric is one of the largest and most diversified industrials and financial services corporations in the world. Company & Industry OverviewsA Look at the Role of the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau was established to protect consumers’ interests by implementing federal consumer financial laws. Macroeconomic AnalysisDollar Index and Services PMI Both Fell
The US Dollar Index measures the strength of the US dollar against other major currencies. It fell by 0.58% on December 18, 2015. It was on a correction mode. MiscellaneousWhat Is the Dodd-Frank Act?
Analysts who favor the Dodd-Frank Act believe it will protect the investing community and consumers. Critics believe it will hamper economic growth and hurt competitiveness. Company & Industry OverviewsUS Banks Played a Pivotal Role in the 2008 Financial Crisis
During the period between September 2008 and March 2009, US stock markets plunged, and the financial sector fell 60% in value. MiscellaneousWhat Is the Dodd-Frank Act?
The Dodd-Frank Act is a financial reform legislation passed in an attempt to prevent events similar to the 2009 financial crisis from occurring again. Macroeconomic AnalysisUnderstanding the Fed’s Financial Regulations Post-2008 Crisis
Since the financial crisis, the Fed has enforced regulations for the capital strength and liquidity of 16 systematically important financial institutions. Company & Industry OverviewsWhy Preferred Stocks Are Less Volatile than Common Equities
Preferred stocks are less volatile compared to common equities. This is mainly because a larger portion of the returns comes from dividends, which tend to be stable. Company & Industry OverviewsAnalyzing US and European Banks’ Leverage Ratios
On average, European banks have higher leverage than US banks. An excess buildup of leverage increases a bank’s exposure to the risk of bankruptcy. Company & Industry OverviewsGoldman Sachs’ Revenue Model
Goldman Sachs engages in asset management, investment banking, wealth management, institutional sales, and trading activities across asset classes as well as regions. Macroeconomic AnalysisLoan-to-Deposit Ratio Moves in the Right Direction for Banks
The ideal loan-to-deposit ratio for a bank depends on the bank’s business model. Some banks that focus on core banking, like U.S. Bancorp (USB), have high loan-to-deposit ratios. Macroeconomic AnalysisMortgage Refinances Are Hit by Prepayment Burnout
Refinancing activity affects prepayment speeds. Prepayment speeds occur because homeowners are allowed to pay off their mortgages early and without penalty. Macroeconomic AnalysisETFs That Outperform in Late Stage, Recession, and Trough
Certain industries typically outperform at various phases of business cycles. This provides important clues to investors and helps them manage their portfolios. Company & Industry OverviewsJ.P. Morgan: Commercial Banking and Firm-Wide Synergies
J.P. Morgan Commercial Banking clients can access the Consumer and Community Banking segment’s commercial credit cards, payments services, and branch network. Company & Industry OverviewsJ.P. Morgan and Its Diversified Funding Sources
Banks like US Bancorp (USB) and Wells Fargo (WFC) have an advantage over J.P. Morgan in terms of debt rating. Both banks secure higher ratings. Company & Industry OverviewsJ.P. Morgan Looks to Deepen Customer Relationships
The number of J.P. Morgan active mobile customers has more than tripled since 2010. As a result, the bank is adapting its digital capabilities. Company & Industry OverviewsJ.P. Morgan’s 4 Operating Segments
Consumer and Community Banking is the biggest of J.P. Morgan’s four segments. Corporate and Investment Banking follows, with 34% of revenues. Company & Industry OverviewsJ.P. Morgan: The Banking Giant
In this series, you’ll learn what value J.P. Morgan holds for its shareholders, about its various businesses, and how it compares with other big banks. Company & Industry OverviewsWhy SunTrust Has Lower Net Interest Margins
SunTrust Bank’s net interest income in 2014 remained stable compared to 2013 as strong loan growth offset the decline in net interest margin. Macroeconomic AnalysisWhy Is the Loan-to-Deposit Ratio Declining for US Banks?
The industrywide loan-to-deposit ratio has declined over the last few years, largely due to the increase in non-interest-bearing bank deposits. Company & Industry OverviewsStocks Beat Bonds over the Long Run By a Big Margin
The majority of investors believe bonds are safer than stocks. The main reason is that bonds pay regular interest. Macroeconomic AnalysisWhy Are Interest Rates at an All-time Low?
The quantitative easing policy adopted by the Federal Reserve at the end of 2008 to boost economic growth included a drastic reduction in interest rates. Macroeconomic AnalysisWhy Lower Funding Costs Impact Net Interest Margins
Lower funding costs determine a bank’s net interest margin. A bank has funding cost advantage when it pays less interest on borrowed funds and deposits. Macroeconomic AnalysisWhy Is Interest Income Important to Banks?
Interest income typically contributes more than 60% to a bank’s total operating income. Company & Industry OverviewsValuation of PNC Bank is close to historical mean
PNC stock was trading at a PBV ratio of 0.75 in November 2012. Since then, the stock has seen a smart move up and trades at a PBV multiple of ~1.08.