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?
WFC's efforts to reduce costs and progress to fix compliance issues look encouraging. Let us find out whether the stock is worth investing in.
Wells Fargo's Series Z preferred shares offer a 5.80% yield and potential capital gains if interest rates decrease, making them a "total return" idea. The bank's preferred dividends are well covered, requiring less than 6% of net profit, ensuring financial stability. I aim for a high single-digit or low double-digit total return in two years, leveraging potential interest rate declines.
Wells Fargo (WFC) reported earnings 30 days ago. What's next for the stock?
Wells Fargo & Company (NYSE:WFC ) UBS Financial Services Conference February 11, 2025 8:50 AM ET Company Participants Mike Santomassimo - CFO Conference Call Participants Erika Najarian - UBS Erika Najarian Good morning, everybody. So welcome to day two of the UBS Financial Services Conference.
A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its lending and sales practices, and he added the recent termination of three regulatory punishments shows that the bank has been making progress.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Does Wells Fargo (WFC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Wells Fargo (WFC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Wells Fargo & Co.'s 7.50% Non-Cumulative Perpetual Convertible Preferred Stock, Series L (WFC-L) offers a compelling addition to our long-duration portfolio due to its attractive yield and unique characteristics. Wells Fargo's strong financials and credit ratings ensure reliable dividend payments, with a large cushion to cover preferred dividends. Compared to other Wells Fargo preferred stocks and similar BB+ rated preferreds, WFC-L stands out due to its lack of redemption clauses and higher yield.
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 has announced the termination of its 2022 consent order with the Consumer Financial Protection Bureau (CFPB) related to automobile lending, consumer deposit accounts and mortgage lending. “This is the seventh consent order closed by Wells Fargo's regulators since 2019,” the bank said in a Tuesday (Jan. 28) press release.