富国银行(WFC)
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5 S&P 500 Banks That Outperformed the Index in the First Half
ZACKS· 2024-07-02 22:07
文章核心观点 - 2024年上半年标普500指数上涨14.5%,创历史新高 [1][2] - 上涨主要受益于利率前景明朗、经济增长强劲以及通胀持续降温 [2] - 金融服务板块涨幅近9%,其中银行股表现尤为出色 [2][3] 银行业表现 利率预期利好 - 联储预计今年9月开始降息,有利于银行净息差 [5][8] - 经济增长放缓但仍保持韧性,有利于银行贷款需求 [6][7][8] 银行业绩亮眼 - 花旗集团(C)通过精简业务架构和退出部分消费者业务提升效率 [11][12][13][14] - 富国银行(WFC)通过成本控制和优化贷款组合提升经营 [15][16][17][18] - 摩根大通(JPM)通过扩张网点和数字化转型提升竞争力 [19][20][21][22][23][24] - 美国银行(BAC)通过数字化和网点扩张提升客户服务 [25][26][27][28][29] - 纽约梅隆银行(BK)受益于利率上升和国际业务拓展 [30][31][32][33][35][36] 行业展望 - 银行股有望在利率下降和经济增长的支撑下保持良好表现 [10] - 但商业地产贷款风险仍是行业关注焦点 [9]
Wells Fargo: Manageable Near-Term Risks And Meaningful Longer-Term Potential
Seeking Alpha· 2024-07-02 03:01
wdstock Current operating conditions are still not exactly easy for Wells Fargo (NYSE:WFC), even excluding the self-inflicted headwinds of past management mistakes. An asset-sensitive bank, higher-for longer rates haven’t been all that bad for this bank. Wells Fargo’s strong core deposit franchise has allowed it to maintain a better-than-average deposit beta that has helped offset some weak lending performances that have, at least in part, been driven by the compromises needed to comply with the ongoing ...
Wells Fargo: Adding Duration To My Portfolio With A 6.3% Yielding Preferred
Seeking Alpha· 2024-06-22 23:40
JHVEPhoto/iStock Editorial via Getty Images Introduction As mentioned in some of my previous articles, I’m trying to add some duration to my fixed income portfolio. Preferred shares are an important part of my income-focused portfolio, but I am keeping close tabs on the financial performance of the issuers on a quarterly basis, just to make sure I can take action if/when there’s a need to fine-tune my positions. My objective is to review these investments on a quarterly basis, which is even more importa ...
Wells Fargo (WFC) Mulls to Discontinue Rent Credit Card
ZACKS· 2024-06-20 23:41
Wells Fargo & Company (WFC) is losing up to $10 million every month as a result of its co-branded credit card partnership with fintech firm Bilt Technologies, according to a WSJ article. After misestimating key revenue generators, the bank is renegotiating the agreement with Bilt Technologies.Launched in 2022, Well Fargo’s co-branded credit card came with an attractive feature. Cardholders can use it to pay rent without having to pay landlord fees while also earning rewards points that can be spent on trave ...
Wells Fargo (WFC) Laps the Stock Market: Here's Why
ZACKS· 2024-06-19 06:51
In the latest trading session, Wells Fargo (WFC) closed at $59.05, marking a +1.39% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.25% for the day. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.03%.The biggest U.S. mortgage lender's shares have seen a decrease of 4.05% over the last month, not keeping up with the Finance sector's loss of 2.3% and the S&P 500's gain of 3.34%.The upcoming earnings release of Wells Fargo will ...
Wells Fargo fires more than a dozen employees for faking work: report
Fox Business· 2024-06-14 04:29
Wells Fargo reportedly handed more than a dozen employees pink slips last month after an investigation found they were faking work. Bloomberg first reported Thursday that, according to the bank's disclosures to the Financial Industry Regulatory Authority, the workers — all from the firm's wealth and investment management unit — were "discharged after review of allegations involving simulation of keyboard activity creating impression of active work." A spokesperson told Reuters in a statement "Wells Fargo ho ...
Wells Fargo Fires Workers Accused of Pretending to Work
PYMNTS.com· 2024-06-14 03:31
文章核心观点 - 富国银行解雇了超过一打涉嫌伪造工作的员工,这些员工都属于该银行的财富/投资管理部门 [1][2] - 这些员工被指控模拟键盘活动,营造了正在积极工作的假象 [1] - 富国银行表示不容忍任何不道德的行为,要求员工达到最高标准 [2] - 在疫情期间远程办公高峰期,使用"鼠标移动器"或"鼠标摇晃器"等设备来假装工作的行为变得很流行 [2] - 目前尚不清楚这些被指控伪造工作的员工是否为远程工作人员 [2] 行业动态 - 金融行业在疫情缓解后迅速要求员工返回办公室,但富国银行比竞争对手晚了一些 [3] - 远程工作和混合办公模式对CFO来说是一个重要考量,涉及到办公成本、商业房地产市场以及总部搬迁等问题 [4][5] - 远程工作环境导致了欺诈和网络安全问题的增加,尤其是中小企业 [6][7][8] - 随着商务旅行恢复到疫情前水平,差旅费报销欺诈也有所增加 [7]
Wells Fargo fired employees accused of faking work. It shows some bosses are cracking down on disengagement.
Business Insider· 2024-06-14 02:28
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWells Fargo's decision to fire reportedly more than a dozen workers it accused of faking work shows some bo ...
Wells Fargo fires over dozen employees for allegedly faking work by simulating keyboard activity
New York Post· 2024-06-13 23:54
Wells Fargo last month terminated over a dozen employees after reviewing allegations that they were involved in pretending to work by using simulating keyboard activity, Bloomberg News reported Thursday.The fired staffers worked in the bank’s wealth and investment management unit, according to the report, which cited the bank’s disclosures filed with the Financial Industry Regulatory Authority.“Wells Fargo holds employees to the highest standards and does not tolerate unethical behavior,” a spokesperson tol ...
Wells Fargo & Company (WFC) US Financials, Payments & CRE Conference (Transcript)
Seeking Alpha· 2024-06-11 22:31
Wells Fargo & Company (NYSE:WFC) US Financials, Payments & CRE Conference June 11, 2024 8:00 AM ET Company Participants Michael Santomassimo - CFO Conference Call Participants Unidentified Analyst All right, we are ready to kick-off on day two, at least, I'm ready to kick-off. I know there was a session before me. We are delighted to have with us today, Mike Santomassimo, Chief Financial Officer of Wells Fargo. Mike, so thankful that you were able to come back to our conference this year. Michael Santomassi ...