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Analyst Expects Apple To Hike Dividends By At Least 10% When Reporting Q2 Earnings

Wells Fargo analyst Aaron Rakers expects Apple Inc. (NASDAQ: AAPL) to announce a dividend increase of at least 10% as well as its expand its stock buyback program by $50 billion while reporting its second-quarter results on April 28, Barron’s read more.....»»

Category: blogSource: benzingaApr 20th, 2021

Wells Fargo earnings boosted by release of $1.6 billion in loan loss reserves

Wells Fargo & Co. posted stronger-than-expected profit and revenue for the first quarter, boosted by the release of $1.6 billion in its reserv.....»»

Category: topSource: marketwatchApr 14th, 2021

Wells Fargo: No Archegos losses

The $10 billion hedge fund, run by Bill Hwang, was forced to liquidate positions last week, causing extreme swings in a number of stocks, including Discovery and ViacomCBS, according to reports. .....»»

Category: topSource: foxnewsMar 30th, 2021

: Amazon becomes the top clothing retailer in the U.S., outselling Walmart, Target, Gap and others

Wells Fargo expects sales of clothes and shoes on Amazon to top $45 billion in 2021.....»»

Category: topSource: marketwatchMar 17th, 2021

Personal Finance Daily: Renters in these cities could save up to $5,000 by signing a lease now and Wells Fargo defends stimulus-check delay

Tuesday’s top personal finance stories.....»»

Category: topSource: marketwatchMar 16th, 2021

Wells Fargo sets sustainability goals and makes $500 billion financing commitment

“The risks of not taking action are too great to ignore," said CEO Charlie Scharf......»»

Category: topSource: bizjournalsMar 9th, 2021

Wells Fargo to sell asset management unit to private-equity firms GTCR and Reverence Capital for $2.1 billion

Wells Fargo & Co. said Tuesday it has agreed to sell Wells Fargo Asset Management to private-equity firms GTCR LLC and Reverence Capital Partners LP for $2.1 billion. The deal is expected to close in the secon.....»»

Category: topSource: marketwatchFeb 23rd, 2021

Wells Fargo sells off $10 billion private student loan business to private investors

San Francisco banking giant Wells Fargo & Co. has sold off its $10 billion private student loan portfolio as it looks to shed costs amid a directive under CEO Charlie Scharf to cut billions of dollars in expenses and retrench the lender into its .....»»

Category: topSource: bizjournalsDec 22nd, 2020

Wells Fargo shifts into PPP damage control, tells clients it’s still preparing their applications as SBA relief runs out of money

Wells Fargo said Thursday that it will continue working on its small business customers’ SBA Paycheck Protection Program applications even as the $350 billion SBA relief program ran out of money Thursday. The bank plans to have the applications re.....»»

Category: topSource: bizjournalsApr 16th, 2020

Wells Fargo shifts to PPP damage control, tells clients it’s still preparing applications as SBA relief runs out of money

Wells Fargo said Thursday that it will continue working on its small business customers’ SBA Paycheck Protection Program applications even as the $350 billion SBA relief program ran out of money Thursday. The bank plans to have the applications r.....»»

Category: topSource: bizjournalsApr 16th, 2020

BofA Profit Plunges 45% On $4.8 Billion In Expected Credit Losses From Coronacrisis

BofA Profit Plunges 45% On $4.8 Billion In Expected Credit Losses From Coronacrisis Bank of America joined JPMorgan and Wells Fargo in setting aside billions of dollars for upcoming loan losses as the.....»»

Category: blogSource: zerohedgeApr 15th, 2020

Wells Fargo execs: Nearly $3 billion in consumer and small business payments deferred

Wells Fargo & Co. is shifting priorities to focus resources on its response to the novel coronavirus......»»

Category: topSource: bizjournalsApr 15th, 2020

Wells Fargo profits collapse as it sets aside $3 billion

Wells Fargo's first quarter profits suffered as the bank set aside billions to gird for the effect the ongoing economic shutdown will have on the world economy......»»

Category: topSource: moneycentralApr 15th, 2020

Wells Fargo profit decimated as coronavirus-led loan defaults loom

Wells Fargo & Co on Tuesday reported a plunge in first-quarter profit as the U.S. bank set aside nearly $4 billion to cover potential losses on loans to consumers and small businesses hurting due to the coronavirus outbreak......»»

Category: topSource: reutersApr 14th, 2020

Wells Fargo profit decimated as coronavirus boosts loan-loss provisions

The fourth-largest U.S. lender's quarterly profit fell to $42 million, or 1 penny per share, from  $5.51 billion, or $1.20 per share, a year earlier......»»

Category: topSource: foxnewsApr 14th, 2020

Wells Fargo Reports 1 Cent Profit After Loan Loss Provision Soars To $4 Billion

Wells Fargo Reports 1 Cent Profit After Loan Loss Provision Soars To $4 Billion With JPM starting Q1 earnings season by taking a whopping $6.8 billion in covid-19 loan loss reserves in Q1,.....»»

Category: blogSource: zerohedgeApr 14th, 2020

Fed allows Wells Fargo to expand role in overwhelmed small-business loan program

Wells Fargo, the nation's fourth-largest bank, had set a lending cap of $10 billion due to restrictions as a result of a massive fak.....»»

Category: topSource: usatodayApr 8th, 2020

Without Wells Fargo, local paycheck protection loan seekers look elsewhere

The bank hit its $10 billion regulatory cap for the SBA program......»»

Category: topSource: bizjournalsApr 7th, 2020

Wells Fargo Caps Its Participation In Fed Small Business Lending

Wells Fargo & Co. (NYSE: WFC) restricted its contribution to $10 billion in the Federal government small business rescue program due to regulatory constraints. read more.....»»

Category: blogSource: benzingaApr 6th, 2020

Wells Fargo stops taking small-business loan applications

Move by nation's No. 1 small business lender to cap total loans at $10 billion could hamper new federal relief program......»»

Category: topSource: moneycentralApr 6th, 2020