Wells Fargo & Co. (WFC)
Wells Fargo Is Finally Out Of Asset-Cap Jail (Buy)
Wells Fargo's asset cap has been lifted after seven years, highlighting the long-term impact of its scandals. WFC's prolonged restrictions have significantly affected its operations and growth opportunities relative to its competitors. Management is now free to produce growth.
The Preferred Stock Of Wells Fargo Is Offering A 52-Week High Dividend Yield Of 6.6%
Wells Fargo preferred stock offers a safe 6.6% yield, supported by strong earnings, low payout ratio, and resilient dividend coverage. Current high yields are driven by elevated U.S. Treasury rates, which are unsustainable due to rising government interest expenses and deficit concerns. Government action to reduce the deficit will likely lead to lower interest rates, benefiting fixed-income securities like Wells Fargo preferreds.
Federal Home Loan Bank of Dallas and Wells Fargo Celebrate Grand Opening of Affordable Apartments
RIO RANCHO, N.M.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas), Wells Fargo Bank (Wells Fargo) and local dignitaries joined CC Housing, a subsidiary of Catholic Charities, on June 3 at the grand opening of Felician Villa Apartments I and II, a senior housing complex in Rio Rancho, New Mexico. FHLB Dallas awarded a $750,000 Affordable Housing Program (AHP) grant through member Wells Fargo to assist with construction. The 132-unit Felician Villa Apartme.
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Wells Fargo (WFC) have what it takes?
Wells Fargo reaches ‘pivotal milestone' as the Fed lifts an unprecedented restriction
Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpeded growth.
Wells Fargo CEO goes from fixer to builder as regulators lift punishments
Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday, he became emotional.
Wells Fargo Stock Rises as Fed Removes $1.95T Asset Cap After 7 Years
WFC stock jumps as the Fed lifts its $1.95T asset cap, unlocking growth potential stalled since the 2018 scandal.
Wells Fargo Stock Rises After Fed Lifts Growth Cap
Shares of financial giant Wells Fargo & Co (NYSE:WFC) are up 2.2% before the bell, after the Federal Reserve officially lifted its long-standing asset cap on the bank.
Wells Fargo No Longer Faces Federal Reserve's 2018 Asset Cap
The Federal Reserve has lifted restrictions imposed on Wells Fargo's (WFC) growth seven years ago following a series of scandals, including one where staff set up fake accounts.
Letting Wells Fargo off the Leash Will Rattle Regional Banks
The giant lender can once again compete aggressively on all fronts to make up for lost ground in deposits.
What's Happening With JPMorgan Stock?
JPMorgan stock (NYSE: JPM) has seen an increase of approximately 11% year-to-date, in comparison to the 1% rise in the S&P 500 index during the same timeframe. In contrast, JPMorgan's competitor Wells Fargo (NYSE: WFC) has risen by 6% over the same duration.
Wells Fargo just got a green light from the Fed to grow. Here's what it means for its business and its stock.
Wells Fargo & Co. on Tuesday cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal.
