Wells Fargo & Company stock price

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  • 02/14/2018 16:00:40

    Berkshire buys Teva, feels IBM blues as Apple becomes top investment

    (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd and said it bought more shares of Apple Inc , which surpassed Wells Fargo & Co as its largest common stock investment.

  • 02/14/2018 15:28:06

    Warren Buffett's Berkshire Hathaway adds Apple and Teva shares, cuts IBM stake

    Warren Buffett's Berkshire Hathaway Inc. raised its stake in Apple Inc. by 31.24 million shares to 165.33 million shares as of Dec. 31 versus 134.09 million at the end of September, according to a 13F filing with the Securities and Exchange Commission. It also took a new stake of 18.88 million shares in Teva Pharmaceutical Industries in the fourth quarter. Apple rallied 9.8% during the quarter while Teva rose 7.7% compared with S&P 500's 6.1% gain. However, Berkshire Hathaway slashed its stake in International Business Machine Corp. to 2.05 million shares versus 37.03 million shares. Berkshire's other holdings in major companies such as Bank of America Corp. , Wells Fargo & Co. , and Coca-Cola Co. were mostly unchanged.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/14/2018 14:57:37

    Popular Inc to buy Wells Fargo's Puerto Rico auto finance business for $1.7 bln

    Popular Inc(BPOP) said its banking unit, Banco Popular de Puerto Rico, would buy certain assets and debt related to Wells Fargo & Co's (WFC) auto finance business in Puerto Rico for about $1.7 billion. Banco Popular will buy the assets and debt from Reliable Financial Services Inc and Reliable Finance Holding Company, which are subsidiaries of Wells Fargo.

  • 02/14/2018 14:19:30

    Charlie Munger urges regulators to ease off Wells Fargo, blasts bitcoin

    (Reuters) - Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to "let up" on Wells Fargo & Co , which will end up "better...

  • 02/14/2018 13:05:56

    Berkshire's Munger urges regulators to ease up on Wells Fargo

    (Reuters) - Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to "let up" on Wells Fargo & Co, which was barred this month from asset growth until it addresses a series of problems.

  • 02/13/2018 14:01:20

    U.S. stocks close higher for a third straight session

    U.S. stocks closed higher for a third straight session on Tuesday, with banks and consumer staples leading the market higher in a broad advance. The Dow Jones Industrial Average rose 40 points, or 0.2%, to 24,641. The S&P 500 added 7 points to 2,663, a rise of 0.3%. The Nasdaq Composite Index was up 32 points, or 0.5%, to 7,013. All three indexes had opened in negative territory but regained ground throughout the session. Despite that, at current levels they remain about 7% below record levels hit late last month, meaning they are still in correction territory. Financial stocks were among the biggest gainers of the day, with the sector up 0.5%. Wells Fargo & Co. jumped 2.7% after CEO Timothy Sloan reassured investors that the Federal Reserve's action capping its assets wouldn't hurt the bank. Separately, Goldman Sachs Group Inc. rose 0.9%. The day's gains were broad, with nine of the 11 primary S&P 500 sectors ending higher on the day. Energy was one of the two decliners, dipping 0.4% as oil prices stalled. In company news, Under Armour Inc. spiked 16% after it reported stronger-than-expected revenue.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/08/2018 11:50:51

    UPDATE 1-Credit Suisse kept $300 mln from brokers in closed U.S. unit -lawsuit

    Feb 8 (Reuters) - A new lawsuit accuses Credit Suisse Group AG of withholding up to $300 million of pay from U.S.-based brokers who refused or were unable to move to Wells Fargo & Co after their private banking unit was shuttered in 2015.

  • 02/08/2018 09:17:29

    Credit Suisse kept $300 million from brokers in closed U.S. unit: lawsuit

    (Reuters) - A new lawsuit accuses Credit Suisse Group AG of withholding up to $300 million of pay from U.S.-based brokers who refused or were unable to move to Wells Fargo & Co after their private...

  • 02/07/2018 10:31:26

    S&P cuts Wells Fargo's credit ratings on regulatory risks

    (Reuters) - Credit-rating agency Standard & Poor's on Wednesday cut Wells Fargo & Co's credit ratings, citing further regulatory and governance risks.

  • 02/06/2018 06:11:18

    Rising yields aren't boosting banks

    Bond yields have hovered at rock-bottom levels for years since the financial crisis, helping keep a cap on bank earnings. As soon as investors rotate out of bonds, the outlook for banks would perk up, analysts believed. Banks need a bigger spread between the short-term rates they pay depositors and the long-term rates they collect from borrowers in order to make money, and that differential is more compressed when rates are low. But rates have been on the rise for the past few weeks - the 10-year U.S. Treasury note has gained about 40 basis points in the year to date - but bank stocks haven't been immune to the broader market sell-off. In the month to date, the Financial Select Sector SPDR has tumbled 6.3%. Shares of Citigroup [s:c] are down 6.6%, shares of Bank of America Corp. are down 5.4%, and shares of Wells Fargo & Co. [s:wfc] have plunged more than 11%, though that's in part due to the Federal Reserve sanctions announced February 2. JPMorgan Chase & Co. shares are still in the black for the month, but barely. Another reason the bank sell-off is notable: most analysts expected a lighter regulatory touch from Washington under the Trump administration. Most believe there's a difference between regulatory red tape and enforcement of the kinds of misdeeds Wells Fargo engaged in, but the Fed's actions have still unsettled investors. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/05/2018 08:58:57

    Fed restrictions continue to badger Wells Fargo; U.S. banks down

    (Reuters) - Wells Fargo & Co's shares fell as much as 9.4 percent to $58.05 on Monday, sparking a sector-wide sell off after the Federal Reserve imposed regulatory restrictions on the bank, forcing...

  • 02/04/2018 23:34:42

    Fed puts brakes on Wells Fargo when bank needs to step on gas

    BOSTON (Reuters) - The Federal Reserve's surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult juncture for the United States' third-largest lender.

  • 02/03/2018 10:02:00

    Fed orders Wells Fargo to halt growth over compliance issues

    WASHINGTON/NEW YORK (Reuters) - Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve on Friday that sent its shares down sharply in after-hours trading, as the third-largest U.S. bank continues to reel from a sales scandal that erupted in 2016.

  • 02/01/2018 09:56:51

    BRIEF-Wells Fargo Real Estate Investment Says Michael Loughlin To Resign As CEO

    Wells Fargo Real Estate Investment Corp: * WELLS FARGO REAL ESTATE INVESTMENT CORP SAYS ON JAN 30, MICHAEL LOUGHLIN NOTIFIED CO OF HIS INTENT TO RESIGN AS DIRECTOR & CEO - SEC FILING Source text: Further company coverage:

  • 01/29/2018 15:07:00

    BRIEF-Wells Fargo Names Michael Devito Head Of Home Lending

    Wells Fargo & Co(WFC): * WELLS FARGO NAMES MICHAEL DEVITO HEAD OF HOME LENDING. * Wells Fargo & Co(WFC) - ‍LAURA SCHUPBACH TO CONTINUE LEADING WELLS FARGO AUTO, AND JOHN RASMUSSEN TO CONTINUE LEADING PERSONAL LENDING GROUP​ Source text for Eikon: Further company coverage:

  • 01/17/2018 11:16:25

    BRIEF-Wells Fargo’s Chief Risk Officer Mike Loughlin To Retire

    Wells Fargo & Co(WFC): * WELLS FARGO’S CHIEF RISK OFFICER MIKE LOUGHLIN TO RETIRE. * Wells Fargo & Co (WFC) - COMPANY EXPECTS TO NAME A SUCCESSOR IN NEXT FEW MONTHS AND LOUGHLIN WILL REMAIN IN HIS CURRENT ROLE THROUGH TRANSITION Source text for Eikon: Further company coverage:

  • 01/16/2018 14:37:35

    Wells Fargo loses bid to end Philadelphia predatory lending lawsuit

    (Reuters) - A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co's bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers.

  • 01/16/2018 14:29:38

    UPDATE 1-Wells Fargo loses bid to end Philadelphia predatory lending lawsuit

    Jan 16 (Reuters) - A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co's bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers.

  • 01/12/2018 11:18:44

    Wells Fargo sees no end yet to sales scandal costs, gets tax boost

    NEW YORK (Reuters) - Wells Fargo & Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank's reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday.

  • 01/12/2018 10:57:04

    UPDATE 4-Wells Fargo sees no end yet to sales scandal costs, gets tax boost

    NEW YORK, Jan 12 (Reuters) - Wells Fargo & Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank's reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday.

  • 01/04/2018 15:07:35

    JetBlue to give $1,000 bonus to employees, citing tax reform

    JetBlue Airways Corp. said late Thursday that it plans to give a $1,000 bonus to its 21,000 employees except the chief executive, and its executive vice presidents. JetBlue stock is flat at $21.69 after hours. The company cited the federal tax reform legislation and the company said it will dole out the cash by the end of February. "In the months ahead, we look forward to working with our Values Committees and directly with you on other ideas for how we can use tax reform benefits to make JetBlue even stronger," the company said. JetBlue joins other companies such as Netflix Inc. , several banks such as Wells Fargo & Co. , and others such as Comcast Corp. , which have announced similar plans. Rival Southwest Airlines Co. has also announced a $1,000 bonus.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/04/2018 14:01:46

    Dow closes above 25,000 for first time, as equity benchmarks rattle off fresh round of records

    U.S. stocks recorded their third consecutive day of gains on Thursday, as the Dow Jones Industrial Average closed above the psychologically important 25,000 mark for the first time in history. Meanwhile, the S&P 500 and Nasdaq Composite hit records for the first three trading days of the year for the first time since 1964 and 1999, respectively. Sentiment remained upbeat on the back of supportive ADP payroll data, as well as a rise in commodity prices. In individual stocks, CVS Health Corp rose 2.6% after issuing its 2018 guidance. Financials were up across the board , with JPMorgan Chase & Co. rising 1.4%, Bank of America Corp. up 1.3% and Wells Fargo & Co. 1.3% higher. Among the days losers was Walgreens Boots Alliance Inc. , which fell 5.1% despite better-than-expected earnings.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/02/2018 15:31:30

    Southwest to give all employees a $1,000 bonus, citing tax overhaul

    Southwest Airlines Co. said late Tuesday its board of directors agreed to pay a $1,000 bonus to all full-time and part-time employees "to celebrate the recent passage of the tax reform legislation." The employees will get the bonus on Jan. 8. "We are excited about the savings and additional capital, which we intend to put to work in several forms--to reward our hard-working employees, to reinvest in our business, to reward our shareholders, and to keep our costs and fares low for our customers," Southwest Chief Executive Gary Kelly said in a statement. Shares of Southwest rose 0.2% in late Tuesday trading after ending the regular trading session up 1.3%. Netflix Inc. said last week it plans on giving its executives a raise, citing the tax overhaul, and several banks, including Bank of America Corp. and Wells Fargo & Co. , and other companies, such as Comcast Corp. , have announced similar plans. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/28/2017 14:01:02

    Dow ends at 71st record close of 2017 as U.S. stocks end modestly higher

    U.S. stocks closed higher on Thursday, as a broad rally helped power the Dow to a record-breaking number of all-time closing peaks in a single year. The Dow Jones Industrial Average closed up 60 points, or 0.2%, to 24,834. The blue-chip average logged its 71st record close of the year. That extends the Dow's record-setting streak; prior to 2017, the most closing records it had ever posted in a year was 69. The S&P 500 rose 5 points to 2,687, a gain of 0.2%. The Nasdaq Composite Index was up 11 points, or 0.2%, to 6,950. The day's gains were broad, with ten of the 11 primary S&P 500 sectors ending up on the day. Financials were particularly strong, with the sector up 0.4%. J.P. Morgan Chase & Co. rose 0.5% on the day while Wells Fargo & Co. ended up 0.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/21/2017 12:46:47

    Wells Fargo launches Stakeholder Advisory Council

    - Wells Fargo & Co (WFC) on Thursday launched an external advisory council tasked with providing insight and stakeholder feedback to the lender's board of directors and senior management. The decision comes at a time when the third largest U.S. bank by assets is facing a series of scandals, including the bank's creation of as many as 3.5 million unauthorized accounts.

  • 12/20/2017 15:26:57

    AT&T, two banks offer bonuses, pay hikes in wake of U.S. tax reform

    NEW YORK (Reuters) - AT&T Inc, Wells Fargo & Co and Boeing Co led the way on Wednesday in promising more pay for workers or more investment in training in the wake of the biggest overhaul of the U.S. tax code in 30 years.

  • 12/20/2017 15:01:55

    Wells Fargo raises hourly minimum wage to $15, also to donate $400 million in 2018

    Wells Fargo & Co. said late Wednesday that it will raise its hourly minimum wage to $15 and plans to give $400 million to community and nonprofit organizations in 2018. Wells Fargo stock is flat at $60.14 after hours. The wage hike for U.S. employees is an 11% raise from $13.50, which the bank announced in 2017, the company said. San Francisco, where Wells Fargo is headquartered, recently voted to raise its minimum wage to $15 by 2018. The $400 million philanthropic effort is a 40% increase from 2017, the company said, and will include gifts to the Untied Way, Habitat for Humanity as well as several programs the bank runs to provide small businesses access to capital and people with help buying homes. A fake-accounts scandal first made public in 2016 has continued to drag on the company. Wells Fargo stock is up 9.1% this year, as the S&P 500 index has gained 20%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/18/2017 17:50:29

    UPDATE 1-MOVES-Wells Fargo expands Mack's role to include consumer lending

    Dec 18 (Reuters) - Wells Fargo & Co, the third-largest U.S. bank by assets, expanded the role of Mary Mack, who has headed its community banking operations, to include overseeing its consumer lending business.

  • 12/18/2017 14:49:19

    MOVES-Wells Fargo names Mary Mack head of consumer lending business

    Wells Fargo & Co(WFC), the third-largest U.S. bank by assets, said Mary Mack would head its consumer lending business, in addition to community banking. Mack, a 33-year veteran of Wells Fargo(WFC), will continue to serve on the lender's operating committee and report to Chief Executive Tim Sloan, the bank said on Monday.

  • 12/15/2017 14:19:14

    UPDATE 2-Fed's Quarles to recuse himself from Wells Fargo matters

    WASHINGTON, Dec 15 (Reuters) - Randal Quarles, the top Federal Reserve official tasked with policing Wall Street, said on Friday that he would recuse himself from any matters concerning Wells Fargo & Co, the nation's third largest bank.

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