Home / Tag Archives: Fargo

Tag Archives: Fargo

Wells Fargo Stock was put down. It could be a purchase.

Text size Peter Foley / Bloomberg The biggest banks have reported profits – and investors can be forgiven if they’re not sure where the opportunities are now. The answer might be how much uncertainty they are willing to accept. Analysts warned that the quarter would be “sloppy” and “confusing,” and the banks didn’t disappoint. There were things we expected – …

Read More »

Wells Fargo instructs employees to delete TikTok from their corporate devices

In a statement to CNN Business on Monday, a Wells Fargo spokesman said the company “identified a small number of employees using proprietary devices that installed the TikTok application.” “Because of concerns about TikTok’s privacy and security controls and practices, and because company-owned devices should only be used for business purposes, we instructed these employees to remove the app from …

Read More »

Wells Fargo wants employees to delete TikTok from the company’s phones

A separate one New York Times Amazon has reportedly asked employees to remove the social networking application from devices that can access corporate email. The notice also reportedly warned them to uninstall TikTok by Friday for email access to continue. However, an Amazon spokesman said Engadget that the email was “mistakenly” sent to some of his employees and that the …

Read More »

Wells Fargo: Fed overreacts to dividend cut (NYSE: WFC)

After the results of the Fed stress test were released, Wells Fargo (WFC) has fallen close to the lows of the pandemic due to the Fed’s restrictions on dividend payments. The stock did not fall due to the actual weakness of the business or a bad result from the stress test. My investment thesis is still very optimistic since the …

Read More »

Wells Fargo refrains from lending to independent car dealerships

David Paul Morris | Bloomberg | Getty Images Wells Fargo is slowing down its auto loan business, as CNBC has experienced exclusively. The bank, one of the largest lenders for new and used car purchases in the United States, sent letters to hundreds of independent car dealers last month, notifying them that the San Francisco-based company was dropping them as …

Read More »

Wells Fargo, BofA and JPMorgan grant overdraft relief when stimulus checks are introduced

FILE PHOTO: People walk past the JP Morgan & Chase Co. building in New York in a file photo dated October 24, 2013. REUTERS / Eric Thayer / File Photo (Reuters) – Leading US retail banks said Wednesday that they would relieve current account overdraft customers from taking full advantage of the federal government’s cash stimulus program. Americans will receive …

Read More »

Wells Fargo reports EPS of just 1 cent for the first quarter and provides more money for credit losses

Wells Fargo reported first quarter earnings on Tuesday that were well below expectations as the company provided funds for credit losses as part of the coronavirus pandemic. The banking giant reported earnings of just 1 cent per share, while analysts interviewed by Refinitiv expected earnings of 33 cents per share. Revenue of $ 17.717 billion also missed an estimate of …

Read More »

Wells Fargo is no longer accepting loans for the Paycheck Protection Program

Wells Fargo is leaving a new federal program to help small businesses keep workers and pay bills during the coronavirus pandemic. The bank announced late Sunday that it would no longer accept new government loan applications Paycheck Protection Programlaunched last week as part of the Washington $ 2.2 trillion economic package. Wells also said that the program is planned to …

Read More »

Wells Fargo limits the role in the coronavirus rescue program to $ 10 billion

By Imani Moise (Reuters) – Wells Fargo & Co announced late Sunday that U.S. government small business coronavirus rescue programs are limited to $ 10 billion due to regulatory restrictions. The $ 350 billion loan program launched on Friday will provide low-interest loans that small businesses can use to cover salary and other fixed costs such as rent, mortgage, and …

Read More »