JHVEPhoto/iStock Editorial via Getty Images Introduction As mentioned in some of my previous articles, I’m trying to add some duration to my fixed income portfolio. Preferred shares are an important part of my income-focused portfolio, but I am keeping close tabs on the financial performance of the issuers on a quarterly basis, just to make sure I can take action if/when there’s a need to fine-tune my positions. My objective is to review these investments on a quarterly basis, which is even more importa ...

Wells Fargo & Company (WFC) is losing up to $10 million every month as a result of its co-branded credit card partnership with fintech firm Bilt Technologies, according to a WSJ article. After misestimating key revenue generators, the bank is renegotiating the agreement with Bilt Technologies.Launched in 2022, Well Fargo’s co-branded credit card came with an attractive feature. Cardholders can use it to pay rent without having to pay landlord fees while also earning rewards points that can be spent on trave ...

In the latest trading session, Wells Fargo (WFC) closed at $59.05, marking a +1.39% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.25% for the day. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.03%.The biggest U.S. mortgage lender's shares have seen a decrease of 4.05% over the last month, not keeping up with the Finance sector's loss of 2.3% and the S&P 500's gain of 3.34%.The upcoming earnings release of Wells Fargo will ...

Wells Fargo reportedly handed more than a dozen employees pink slips last month after an investigation found they were faking work. Bloomberg first reported Thursday that, according to the bank's disclosures to the Financial Industry Regulatory Authority, the workers — all from the firm's wealth and investment management unit — were "discharged after review of allegations involving simulation of keyboard activity creating impression of active work." A spokesperson told Reuters in a statement "Wells Fargo ho ...

Wells Fargo has reportedly fired more than a dozen workers accused of faking work.These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of allegations involving simulation of keyboard activity creating impression of active work,” Bloomberg News reported Thursday (June 13), citing a filing with the Financial Industry Regulatory Authority.PYMNTS has contacted Wells Fargo for comment but has not yet gotten a reply. A company spokesperson told Bloomberg ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWells Fargo's decision to fire reportedly more than a dozen workers it accused of faking work shows some bo ...

Wells Fargo last month terminated over a dozen employees after reviewing allegations that they were involved in pretending to work by using simulating keyboard activity, Bloomberg News reported Thursday.The fired staffers worked in the bank’s wealth and investment management unit, according to the report, which cited the bank’s disclosures filed with the Financial Industry Regulatory Authority.“Wells Fargo holds employees to the highest standards and does not tolerate unethical behavior,” a spokesperson tol ...

Wells Fargo & Company (NYSE:WFC) US Financials, Payments & CRE Conference June 11, 2024 8:00 AM ET Company Participants Michael Santomassimo - CFO Conference Call Participants Unidentified Analyst All right, we are ready to kick-off on day two, at least, I'm ready to kick-off. I know there was a session before me. We are delighted to have with us today, Mike Santomassimo, Chief Financial Officer of Wells Fargo. Mike, so thankful that you were able to come back to our conference this year. Michael Santomassi ...

Wells Fargo & Company (NYSE:WFC) US Financials, Payments & CRE Conference June 11, 2024 8:00 AM ET Company Participants Michael Santomassimo - CFO Conference Call Participants Unidentified Analyst All right, we are ready to kick-off on day two, at least, I'm ready to kick-off. I know there was a session before me. We are delighted to have with us today, Mike Santomassimo, Chief Financial Officer of Wells Fargo. Mike, so thankful that you were able to come back to our conference this year. Michael Santomassi ...

Wells Fargo (WFC) closed the latest trading day at $57.93, indicating a -0.74% change from the previous session's end. This change lagged the S&P 500's 0.26% gain on the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.35%.Coming into today, shares of the biggest U.S. mortgage lender had lost 5.7% in the past month. In that same time, the Finance sector gained 0.75%, while the S&P 500 gained 3.25%.The investment community will be paying close attention to the earnings performance of ...