Tag Archives: Wells

It could be time to do some holiday shopping not at the malls but in the bruised stock market, opines Wells Fargo’s senior equity analyst Chris Harvey.  “It might be a little early to buy the stock market, but perhaps a few “Black Friday discounts” are ready for the shopping cart,” said Harvey in a research note titled “Holiday Sale!” Wednesday. Harvey lists 26 stocks (see list below) as potential buys right now, headlined by American Express, Ralph Lauren, Expedia, Hyatt Hotels and… Source link

The situation in which employers find it hard to hire and the supply chain crisis forces businesses to hike prices is likely to persist for at least 6 to 12 months, one bank chief said. “The realities of things like… wage pressures… supply chain pressures… all these things are going to continue to contribute to this wage inflation that we’re seeing,” Wells Fargo CEO and President Charles Scharf told Yahoo Finance’s Andy Serwer at the annual Milken Institute Global Conference.  Noting… Source link

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Sept 15 (Reuters) – Wells Fargo & Co (WFC.N) said on Wednesday that it had picked Microsoft Corp (MSFT.O) and Alphabet Inc’s (GOOGL.O) Google as its public cloud providers, embracing a multi-cloud approach. While Microsoft’s Azure will serve as the bank’s primary cloud provider, Google Cloud will provide additional business-critical public cloud services. As part of its new digital infrastructure… Source link

(Bloomberg) — Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal settlements, regulators are privately signaling they’re still not satisfied with the bank’s progress in compensating victims and shoring up controls. The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau have warned the firm they may bring new sanctions over the company’s pace in fulfilling those obligations, according to people… Source link

The S&P 500 (^GSPC) has marked a 100% gain since its March 23, 2020, closing low of 2,237.40, closing at 4,479.71 this past Monday. Amid this bull market for equities, however, a recently published State of the Markets report by Wells Fargo (WFC) Investment Institute (WFII) President Darrell L. Cronk lists 10 current risks that could pose a threat to markets and create the “possibility of a near-term correction.” “It is often said that bull markets climb a wall of worry, and today,… Source link

This month Wells Fargo (WFC) announced it was shutting down personal lines of credit, a lending product consumers could use to consolidate debt, pay for surprise expenses, or even use as a checking overdraft safety net.  The decision was made after an early 2020 review of its businesses, where the bank found that personal lines of credit weren’t as popular as loans, and only 40% of account holders had balances, a bank spokesperson told Yahoo Finance. (The main difference between a personal… Source link

The Telegraph Billionaire behind world’s biggest crypto exchange faces reckoning The first time Changpeng Zhao left China, he was just 12 years old. His father, an academic who had been forced out of university during Mao’s Cultural Revolution, had fled to Canada when Zhao was six, and it took until 1989 for the rest of his family to follow. Almost three decades later, Zhao was forced out a second time. A Beijing crackdown on cryptocurrencies meant his fledgling start-up, Binance, left… Source link

Quail Hollow Club returns this week to host another Wells Fargo Championship. The course is one of the longest on TOUR. It’s loaded up to 7,521 yards as a par-71 layout. Distance is a clear advantage when you get a course that long. There are two stats I will focus on this week and both of them bake in power as part of the equation. I want to find golfers that can stripe it off the tee and also attack from long range on approach (200+ yards). Let’s jump into the numbers to see if any value… Source link

Looking for a way to learn PGA DFS without jumping in with both feet? We have a perfect solution for you. This year, Yahoo and Yahoo Fantasy are offering a $10,000 freeroll called the “Yahoo Cup.” This contest awards a winner for weekly events and one winner at the end of the season who has the most cumulative points. That winner will receive $1,000. Ultimately, winning the Yahoo Cup comes down to picking the right golfers. Today I will provide my top three value plays based on Yahoo… Source link

Consumer spending has long been the engine of the US economy, which is what made the social lockdown policies put in place against COVID so devastating. By forcing the public to stay home, the policies effectively shut down the main source of economic activity. Fortunately, we are now on an upswing; COVID is on the wane, most of the restrictions have been, or are being, lifted, and economic activity starting to buzz again. A flood of cash, from stimulus checks, tax credits, and accumulated… Source link