Wells Fargo Announces 10% Staff Cuts As CEO Struggles To Impress Analysts
As hopes for a steeper yield curve have lifted bank stocks, Wells Fargo CEO Tim Sloan is apparently trying to bolster Wells' lagging share price as the numerous scandals that have tarnished the banks credi.....»»
Analysts weigh in on how Wells Fargo"s layoffs, other cuts are playing out
Widespread layoffs are underway at Wells Fargo & Co., as the bank seeks to slash costs and build efficiency......»»
Job cuts, divestitures likely as new Wells Fargo CEO continues to grapple with high expenses
“Just to be clear, we are well aware that our expense levels are significantly too high,†new CEO Charlie Scharf told analysts Tuesday......»»
Wells announces cuts to home mortgage business - GlobalCapital
GlobalCapitalWells announces cuts to home mortgage businessGlobalCapitalIn an emailed statement, a spokesperson for Wells Fargo said that 638 positions will be cut in total. In Fe.....»»
Wells Fargo to slash thousands of jobs
Wells Fargo announced it plans to cut up to 26,500 workers, about 10 percent of its workforce. The bank says it's streamlining operations, but some analysts disagree that's the primary reason for the cuts......»»
Daily Digest: Shell to wind down Volta; Layoffs at Golden Gate Fields
Good morning, Bay Area. Starting your Friday in banking, Wells Fargo & Co. missed estimates for net interest income in the first quarter, but bested analysts' expectation in both earnings per share and revenue. In food news, chef Dominique Crenn i.....»»
Wells Fargo sees inflation taking heavy toll on small-business optimism
Persistent inflation has Wells Fargo and much of Wall Street reining in expectations for interest rate cuts this year......»»
Wells Fargo Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Wells Fargo & Company (.....»»
Wells Fargo sees inflation taking heavy toll on small business optimism
Rising inflation has Wells Fargo and much of Wall Street reining in their expectations for Fed rate cuts this year......»»
Wells Fargo downgraded by UBS as analysts say bank now trades at premium to many rivals
Wells Fargo was downgraded to neutral from buy, though its price target was increased from $.....»»
Wells Fargo cuts Pinnacle West to Equal Weight on AZ regulatory concerns
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Sonoco announces agreement with Wells Fargo to repurchase $150M of its shares
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Amazon has reportedly surpassed Walmart as the top apparel retailer in the US
Wells Fargo analysts said Amazon had 20% to 25% more apparel sales in the US last year than Walmart. The apparel signs at Walmart. Walmart Amazon surpa.....»»
Wells Fargo upgrades Whiting Petroleum to Overweight, cuts Range to Equal Weight
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Wells Fargo sees Dycom near-term growth priced in, cuts rating to Equal Weight
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Warren Buffett cuts stake in Wells Fargo, trims Apple holdings and adds new stake in Chevron
The famous investor continued selling off his once-huge stake in Wells Fargo in the last three months of 2020. But he made a new investment in one Bay Area company......»»
Retail could take a hit as winter storms hinder store traffic, e-commerce delivery times
Wells Fargo analysts are forecasting a February retail slowdown due to a number of factors including t.....»»
Big bounce in Wells Fargo’s stock helps financials snap losing streak
Financial stocks pulled a sharp V-like turn into positive territory Thursday, sparked by a big bounce in Wells Fargo & Co.’s stock off an 11-year low, as concerns over a more downbeat economic outlook and potential forced dividend cuts were put on hold......»»
Victoria"s Secret deal still very likely to happen, Wells Fargo says
Wells Fargo analysts say there's still a 75% chance the deal to sell a 55% stake in Victoria's Secret to Sycamore Partners will happ.....»»
Wells Fargo healthcare analysts to hold analyst/industry conference call
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
AT&T"s "record-low" upgrade rate suggests Apple iPhone estimates may be too high, says analyst
AT&T Inc. sported a "record-low" postpaid smartphone upgrade rate of 3% in the first quarter, said Wells Fargo analyst Aaron Rakers, which implies to him that analysts may be overly optimistic with their estimates of Apple Inc.'s iPhone unit sales. He p.....»»