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We all know that the Sage of Omaha has always been a great fan of the banking industry. The Great Recession of 2008-2009 allowed Buffett to make extremely successful purchases. But funny enough the founder of Berkshire Hathaway (NYSE:BRK.A) did not make many buys this year. In fact, he trimmed...
About the Dividend Champions List The Dividend Champions list is a monthly publication tracking companies with a history of consistently increasing their dividends. Wider in scope than the well-known S&P 500 Dividend Aristocrats and Nasdaq Dividend Achievers , the Dividend Champions c...
Original post Editor's Note : The summary bullets for this article were chosen by Seeking Read more ...
Very recently, I published an article why banks could be a good long-term investment and I also explained my reasoning why I avoided banks so far. One of the six banks I used as example to illustrate my points was Wells Fargo & Company ( WFC ) and this first article is dedicated to the ban...
Banks this year are operating under a new accounting methodology called the current expected credit losses (CECL) method, which requires banks to try and project losses over the life of a loan as soon as it is originated and put on the balance sheet. What this means, at least in theory, is that ...
Wells Fargo ( WFC -2.1% ) sold hundreds of millions of dollars of assets during the spring's market turmoil to keep its assets under the limit the Fed imposed on the bank more than two years ago. More news on: Wells Fargo & Company, Financial stocks news, Read more ...
Resources support collaborative efforts to assist renters and homeless people disproportionately affected by COVID-19 Wells Fargo & Company (NYSE: WFC) today announced a $1.5 million contribution by the Wells Fargo Foundation in support of the Funders for Housing and Opportunity ...
Investment thesis Over the past 12 months, profitability fundamentals have continued to soften and bank valuations appear to already reflect an unchanged future economic outlook. Barring unforeseen Fed activity, shares of the Regional Banking ( KRE ) group seem range-bound near current level...
Two U.S. senators are asking Wells Fargo ( WFC -4.5% ) CEO Charlie Scharf to provide answers to extensive questions about reports that the bank paused mortgage payments for borrowers without their consent, NBC News reports. More news on: Wells Fargo & Company, Financial stocks n...
The COVID-19 pandemic has created a challenging environment for dividend growth investors. More than 600 companies announced dividend cuts or suspensions during the second quarter of 2020, even companies with long histories of annual dividend increases. My DivGro portfolio suffered several...
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Shareholders elect 13 director nominees, including one new independent director Wells Fargo & Company (NYSE: WFC) announced today that its shareholders elected as directors the 13 nominees named in the company’s proxy statement, including a new independent director: Fabian T. G...
2024-04-30 05:32:00 ET As of April 29, Wells Fargo (NYSE: WFC) stock is up by 25% over the past five years. But keep in mind that it also pays a substantial dividend, so it is important to take that into account as well. Including dividends, and assuming that you reinvest them, ...