|Bid||0.00 x 38500|
|Ask||0.00 x 28000|
|Day's range||56.14 - 56.82|
|52-week range||49.27 - 66.31|
|PE ratio (TTM)||14.03|
|Earnings date||12 Oct 2018|
|Forward dividend & yield||1.56 (2.75%)|
|1y target est||61.76|
In Wells Fargo's Wealth and Investment Management division, the intense pressure for sales is alive and well.
Wells Fargo Asset Management Kristi Mitchem says active managers may see a resurgence as the early signs of market risk start to show.
(Reuters) - Morgan Stanley's (MS.N) better-than-expected results on Wednesday capped a strong second-quarter earnings season for large U.S. banks. The U.S. banking industry has benefited from a cut in ...
A subtle peace has emerged in Wall Street's long-running broker recruiting wars, Morgan Stanley (MS.N) Chief Executive Officer James Gorman said on Wednesday. Firms like Morgan Stanley have realized they no longer need to depend on poaching employees from rivals to boost revenue, he said, and are focussed instead on earning more from a stable roster of existing brokers. "The amount of recruiting they're doing from each other is very small, and it's small for good reason though," Gorman said on a conference call with analysts to discuss second-quarter results.
Rising uncertainty in markets didn’t stop the biggest U.S. banks from hauling in record revenue from investment banking. Among the big winners were Morgan Stanley and Bank of America Corp., which both handily beat expectations thanks to their investment banking and consumer businesses, respectively. Wells Fargo & Co. was the lone bank to miss analysts’ earnings estimates as its total loans and deposits both dropped.
The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong ...
Bank stocks rallied on Monday in the thick of big banks’ earnings reports, and one money manager sees bigger gains ahead.
Bank of America’s Global Wealth and Investment Management business gained 74 financial advisors in the second quarter, even as troubled Wells Fargo lost 173. GWIM now counts 19,350 advisors, including Merrill’s thundering herd, advisors in B of A’s consumer banking business, and those in the U.S. Trust business. Year over year, GWIM’s advisor corps has grown 2%.
JPMorgan Chase (JPM) reported an 18% higher profit than analysts’ expectations in the second quarter to $8.32 billion. According to Barclays analysts, the bank exceeded analysts’ estimates for the 14th straight quarter. The bank’s trading revenues rose 13% to $5.4 billion, while the loan growth rose 4% to $948.4 billion. The bank’s yield on interest-earning assets was at 2.46%.
Wells Fargo, JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley are part of Zacks Earnings Preview
Considering the movements in the markets in the past few months, the markets usually react to news that’s related to trade conflicts. When President Trump announced that additional tariffs would be levied on $200 billion worth of Chinese imports, China didn’t respond immediately. China might be ready for negotiations.