The summer earnings season kicks off in full swing this Friday when a slew of big banks report their quarterly numbers. Wells Fargo & Co (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc (NYSE:C) and PNC Financial …
As banking stocks have gone over the last year, Bank of America Corp. (NYSE:BAC) is up 44% while Wells Fargo & Co (NYSE:WFC) has gone nowhere. WFC stock, in fact, lost 1.7%. Source: Shutterstock The reason for that is a scandal, …
Warren Buffett, one of the richest people in the world renowned for his business acumen and success, reportedly lost $1.4 billion from his net worth as Wells Fargo & Co.’s stock (WFC) dropped 3.3 percent Tuesday, according to Bloomberg. …
Dodge & Cox Stock Fund letter to investors for the first quarter ended March 31, 2015. The Dodge & Cox Stock Fund had a total return of –1.2% for the first quarter of 2015, compared to 1.0% for the S&P 500 Index. At quarter end, the Fund …
The Federal Reserve took a step to curb the growth of Wells Fargo & Co. (NYSE: WFC) in the face of a number of abuses by the bank. It is still too early to say to what extent the move eventually will affect the bank’s bottom line or stock price.
The On Balance Volume (OBV) indicator measures accumulation-distribution, adding or subtracting to a well-organized pattern that supports or opposes the price pattern. Some technicians apply OBV to intraday, weekly and monthly …
Mr. Market is the great Humbler. To forget that is to be reminded of it in the cruelest, most bizarre ways imaginable. To wit, I came into Friday woefully short and selling most of what I had. Specifically, I was taking off all but the smallest …
Key bank earnings are scheduled for release this Friday. The figures are likely to provide a better understanding of the sector’s prospects in the near future. Banking stocks are expected to gain from recently concluded tax cuts, but not …