Wells Fargo (WFC) closed the latest trading day at $54.59, indicating a +1.09% change from the previous session's end. The stock lagged the S&P 500's daily gain of 1.16%. Meanwhile, the Dow experienced a rise of 1.2%, and the technology-dominated Nasdaq saw an increase of 1.16%.Shares of the biggest U.S. mortgage lender have appreciated by 2.35% over the course of the past month, underperforming the Finance sector's gain of 5.48% and the S&P 500's gain of 3.48%.The investment community will be closely monit ...

ATLANTA, Sept. 9, 2024 /PRNewswire/ -- This fall, EBONY, the iconic and beloved Black-owned media company, will be stomping the yard at Morehouse College for its first-ever EBONY HBCU Yard Fest, a fun-filled collegiate event designed to celebrate and uplift student life at Historically Black Colleges and Universities (HBCUs). Set to take place on Tuesday, September 24 from 5-8pm EST, this campus takeover brings together thousands of students from Morehouse, Spelman, Clark Atlanta, and Morris Brown for an ev ...

Wells Fargo & Company (WFC) is gaining a lot of interest among investors. Its shares appreciated 21.2% year to date compared with the industry’s growth of 26.6%.The stock is also trading slightly below its peers — Citigroup (C) and Bank of America (BAC) .Year-to-Date Price PerformanceImage Source: Zacks Investment ResearchWFC is facing significant challenges with numerous penalties and sanctions related to its 2016 sales scandal, raising apprehension among investors. Nonetheless, its long-term prospects rem ...

In the latest trading session, Wells Fargo (WFC) closed at $56.72, marking a +0.04% move from the previous day. This move outpaced the S&P 500's daily loss of 0.32%. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.85%.The biggest U.S. mortgage lender's shares have seen a decrease of 6.11% over the last month, not keeping up with the Finance sector's gain of 2.55% and the S&P 500's gain of 1.52%.The investment community will be paying close attention to ...

Wells Fargo & Company (WFC) has announced a definitive agreement to divest its non-Agency third-party servicing segment of its Commercial Mortgage Servicing (CMS) business to Trimont. The transaction is expected to close in early 2025, subject to customary closing conditions. Wells Fargo will continue to service Agency/government-sponsored enterprise loans and loans on its balance sheet. The deal makes Trimont the largest service provider of loans in the United States, giving it nearly 11% of the commercial ...

Wells Fargo (WFC) closed the latest trading day at $56.15, indicating a -0.53% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw a decrease of 0.34%.The biggest U.S. mortgage lender's shares have seen a decrease of 4.55% over the last month, not keeping up with the Finance sector's gain of 2.22% and the S&P 500's gain of 1.93%.The upcoming earnings release of We ...

Key TakeawaysWells Fargo agreed to sell the non-agency third-party servicing segment of its commercial mortgage servicing business to privately held Trimont.The deal makes Trimont the largest loan servicer in the U.S., it said.Wells Fargo is prioritizing "businesses that are core to [its] consumer and corporate clients," according to its head of commercial real estate. Wells Fargo (WFC) is selling much of its commercial mortgage servicing business to Trimont, the bank said Tuesday. Financial terms weren't d ...

Wells Fargo & Company's (WFC) shares tumbled 7.5% in the past three months, significantly underperforming the industry’s growth of 4%. During this period, the S&P 500 moved up 5.3%.3-Months Price PerformanceImage Source: Zacks Investment ResearchWFC is currently trading below its 50-day moving average, indicating a bearish sentiment among investors.50-Day Moving AverageImage Source: Zacks Investment ResearchThe stock is currently down 9.8% from its 52-week high of $62.55. Given the recent weakness in the WF ...

ATLANTA, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Trimont, the leading global commercial real estate loan services provider, has entered into a definitive agreement to purchase Wells Fargo’s non-agency third-party Commercial Mortgage Servicing (CMS) business, the largest servicer of CRE securitized debt in the U.S. The transaction, backed by Värde Partners, positions Trimont as the largest loan servicer, managing a combined $640 billion of loans in the United States, equivalent to approximately 11% of the U.S. com ...

Washington, D.C., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Wells Fargo will serve as the presenting sponsor for the Thurgood Marshall College Fund’s (TMCF) Leadership Institute, the organization’s signature professional development program serving students attending historically Black colleges and universities (HBCUs), historically Black community colleges and predominantly Black institutions (PBIs). Wells Fargo has served in this role for more than a decade. The 24th-annual Leadership Institute will occur in pers ...