WFCNP News and Press, Wells Fargo & Co D/E Pfd From 05/13/23

2023-05-13 03:38:38 ET Summary We take a look at the action in preferreds and baby bonds through the first week of May and highlight some of the key themes we are watching. Preferreds struggled this week under pressure from additional bank tremors. Recent news items have highl...

2023-05-11 17:00:13 ET Summary My favorite way to play this banking anti-bubble is not through the Regionals, but through the large banks that should be getting more and more deposits. While money market funds will take cash off the balance sheet, the rate environment should keep ...

2023-05-10 12:00:00 ET Summary Depositors want yield, safety, and convenience. Apple Inc. offers all 3, raising the bar for banks. Here’s who’s helped and hurt by this shift. If you take your money out of the bank, where do you put it? This is a common ...

2023-05-09 20:42:32 ET Summary Davis Selected Advisers 13F portfolio value increased from $14.71B to $15.13B this quarter. They increased Amazon and JD.com while reducing Quest Diagnostics. The top three positions are Meta Platforms, Berkshire Hathaway, and Wells Fargo, and th...

2023-04-29 01:07:47 ET Summary U.S. Bancorp is one of the worst performing stocks in the S&P 500 this year, and it now has one of the highest dividend yields. While many income-focused contrarians may be tempted to jump in headfirst, we share three big risks to consider, inclu...

2023-04-18 04:06:07 ET Summary Income investors have a variety of utility functions and see value in different metrics and securities. However, one thing most income investors agree on is that they don't enjoy seeing their portfolio income moving south. In this article, we dis...

2023-04-17 12:20:40 ET Summary The S&P 500 is still priced for a virtuous cycle - more stimulus coming. However, we're transitioning to a vicious cycle - persistently high inflation and interest rates. Thus, there's considerable downside for S&P 500 from here. Th...

2023-04-17 07:00:00 ET Summary After the recent banking turmoil, banks in the United States are trading at levels that seem to be extremely attractive, which is supported by strong earnings from major money center banks. Technically, U.S. Bancorp is in a good spot to benefit from ...

2023-04-16 15:20:00 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify 2:00 - Fed rhetoric and interest rates 4:50 - Recent bank earnings, what it means for the financial sector. 8:15 - Charles Schwab ( S...

2023-04-16 06:08:32 ET Summary We take a look at the action in preferreds and baby bonds through the first week of April and highlight some of the key themes we are watching. Preferreds were roughly flat on the week as lower Treasury yields were offset by wider credit spreads. ...