|Bid||0.00 x 2200|
|Ask||0.00 x 1300|
|Day's range||55.47 - 57.67|
|52-week range||29.68 - 58.87|
|Beta (5Y monthly)||1.31|
|PE ratio (TTM)||13.26|
|Earnings date||14 Apr 2022|
|Forward dividend & yield||0.80 (1.52%)|
|Ex-dividend date||04 Nov 2021|
|1y target est||55.07|
NEW YORK (Reuters) -Big U.S. banks will spend more on salaries and benefits this year as inflationary pressures, pandemic risks and the tight labor market force them to raise wages to get and keep workers. The nation's six biggest banks - JPMorgan Chase & Co, Bank of America, Citigroup, Wells Fargo & Co, Morgan Stanley and Goldman Sachs Group Inc - have taken steps to raise some workers' wages in 2021 and several raised expense projections for the coming year. The cut-throat competition has forced investment banks and wealth managers like JPMorgan Chase, Bank of New York Mellon and Goldman Sachs to pay more to recruit and keep talent https://www.reuters.com/world/us/banks-say-they-are-paying-up-talent-hiring-is-competitive-2022-01-14 in some of its most lucrative jobs.
Bill Baruch, Blue Line Futures President, and Jason Ware, Albion Financial Group Partner and Chief Investment Officer, join Yahoo Finance Live to discuss market lows, the Fed, the financial and bank sectors, and investing opportunities amid high volatility periods.
Wells Fargo & Co named Derek Flowers as its new chief risk officer, leading all aspects of the lender's risk management systems, the bank said in a statement on Tuesday. Flowers replaces Mandy Norton, who served as the bank's chief risk officer since 2018 and is planning to retire in June. He takes the job as the bank continues to work on what Chief Executive Charlie Scharf recently called a "multi-year effort to satisfy" regulatory requirements.