Category: Fargo
-
Wells Fargo names Citi ‘dominant pick’, predicts stock to double in three years
•
Written by Manya Saini (Reuters) – Citigroup shares could double in value over the next three years as the Wall Street lender’s profits rise, Wells Fargo analysts wrote in a note to clients on Friday, calling it a top brokerage pick in the big-bank sector. Chief Executive Jane Fraser has…
-
Abbott, DexCom settlement ‘not a complete surprise,’ says Wells Fargo
•
https://www.tipranks.com/news/the-fly/abbott-dexcom-settlement-not-a-complete-surprise-says-wells-fargo Wells Fargo Abbott notes (Abt) and Dexcom (DXCM) revealed that on December 20, they reached a settlement and entered into a cross-licensing agreement to resolve all pending patent litigation in the United States and Europe for a period of 10 years. Under the agreement, the two companies granted each…
-
Google remedy proposals leave little room for settlement, says Wells Fargo
•
https://www.tipranks.com/news/the-fly/google-remedy-proposals-leave-little-room-for-settlement-says-wells-fargo Wells Fargo notes that Google has submitted a court filing and company blog detailing proposed remedies in the search case brought by the Department of Justice. The company believes that Google’s proposals leave little room to negotiate a settlement with the Department of Justice and would likely guarantee an…
-
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
•
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, alleging that the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. In the federal civil complaintThe Consumer Financial Protection Bureau…
-
Now a good time to sell the Utilities rally, Wells Fargo says By Investing.com
•
Investing.com – Wells Fargo analysts suggest that now is a good time for investors to consider selling given the recent rally in the utilities sector. This sector was among the best performing sectors since the beginning of the year until September 24, sharing the spotlight with high-growth sectors such as…
-
Why Wells Fargo says investors have key decisions to make amid Fed easing cycle By Investing.com
•
Investing.com – It may be time for investors to make key decisions about their alternative cash allocations and fixed income positions as the Federal Reserve begins a policy easing drive, according to analysts at Wells Fargo. In a note to clients, analysts said carrying cash provides investors with a steady…
-
Selling season, election ahead, but keep an eye on ’25, says Wells Fargo By Investing.com
•
Wells Fargo strategists believe investors should brace for more market volatility as the selling season approaches, which will be exacerbated by the upcoming election cycle. Historically, the period from late summer to early fall has been marked by significant declines in the stock market. Over the past seven years, the…
-
Selling season, election ahead, but keep an eye on ’25, says Wells Fargo By Investing.com
•
Wells Fargo strategists believe investors should brace for more market volatility as the selling season approaches, which will be exacerbated by the upcoming election cycle. Historically, the period from late summer to early fall has been marked by significant declines in the stock market. Over the past seven years, the…
-
FTC slaps GameStop CEO with $1 million fine over Wells Fargo shares
•
Gamestop Corp. CEO Ryan Cohen is set to pay a nearly $1 million fine for allegedly violating antitrust law by acquiring shares in Wells Fargo & Co. Cohen failed to file a form he was required to submit to antitrust agencies under the Hart-Scott-Rodino Act after his purchases of Wells…
-
Stocks won’t hit new highs anytime soon and 3 things mean the market is fairly valued, Wells Fargo says
•
Ian Ross Pettigrew/Getty, Tyler Lee/PA The S&P 500 is unlikely to hit new highs anytime soon, according to Wells Fargo. Strategists said a combination of headwinds could prevent further gains. The bank pointed to concerns surrounding a potential recession, artificial intelligence, and geopolitical uncertainty. Wells Fargo said the stock market’s…
-
REIT performance is picking up but Wells Fargo says remain cautious on Real Estate By Investing.com
•
Recent months have seen a strong rally in real estate investment trusts (REITs). From July 1 to August 16, 2024, the S&P 500 Real Estate Index rose 9.9%, outpacing the 1.4% gain in the Standard & Poor’s. Market expectations of a change in the Federal Reserve’s interest rate policy were…
-
REIT performance is picking up but Wells Fargo says remain cautious on Real Estate By Investing.com
•
Recent months have seen a strong rally in real estate investment trusts (REITs). From July 1 to August 16, 2024, the S&P 500 Real Estate Index rose 9.9%, outpacing the 1.4% gain in the Standard & Poor’s. Market expectations of a change in the Federal Reserve’s interest rate policy were…
-
Markets will remain range bound until November elections: Wells Fargo By Investing.com
•
Wells Fargo analysts believe the U.S. stock market is likely to remain rangebound until the November election. The bank said the pound, which recently fell 9.7% from its July peak to its August low, was now stuck between key support and resistance levels. Wells Fargo describes this as “no man’s…
-
Two possible tariff scenarios for 2025: Wells Fargo By Investing.com
•
In a note dated Tuesday, analysts at Wells Fargo analyzed the potential impact of tariffs in the context of the 2024 presidential campaign, focusing in particular on two distinct scenarios for 2025. With foreign trade policy emerging as a critical issue amid rising geopolitical tensions, the implications for the U.S.…
-
Is the small-cap rally sustainable? Wells Fargo weighs in By Investing.com
•
Small-cap U.S. stocks, which the index represents, have outperformed the S&P 500 by more than 10% since early July, driven by expectations of a Federal Reserve rate cut and market speculation about the upcoming election. For an asset class that has consistently underperformed for most of the past decade, this…
-
Wells Fargo sees slower US dollar decline through 2025 By Investing.com
•
Wells Fargo has updated its currency market forecasts, expecting a gradual decline in the value of the US dollar over the medium term compared to previous expectations. The bank’s forecasts indicate a moderate decline in the value of the dollar through most of 2025. This forecast is based on an…
-
Wells Fargo reports mixed Q2 results, plans dividend hike By Investing.com
•
Wells Fargo & Company (WFC) reported its second-quarter financial results, revealing both strengths and challenges as it continues its transformation journey. CEO Charlie Scharf emphasized the growth in fee-based revenue and strategic improvements in the credit card and corporate investment bank sectors. Despite a decrease in net interest income and…
-
Wells Fargo – Keyboard Warriors Fired for Fake Work
•
In a move that was both funny and pathetic, Wells Fargo showed more than a dozen employees the door to pretend to work. Yes, you read that right, keyboard warriors have been caught red-handed (or should we say red-fingered?) simulating activity to give the illusion of productivity. The perpetrators, most…
-
Wells Fargo Fires Employees Using Mouse Jigglers to Fake Productivity
•
Wells Fargo recently fired several employees after accusations that they used devices to fake keyboard activity, misleading the bank into believing they were working. This was disclosed in the broker’s filings with the Financial Industry Regulatory Authority (Finra). The bank, America’s third-largest bank, did not provide details on how the…