|Bid||64.35 x 100|
|Ask||64.72 x 100|
|Day's range||63.97 - 64.75|
|52-week range||49.27 - 64.75|
|PE ratio (TTM)||15.79|
|Earnings date||13 Apr 2018|
|Forward dividend & yield||1.56 (2.43%)|
|1y target est||65.91|
The US Senate recently passed the Tax Cuts and Jobs Act, which gives a tax break to corporates from 35.0% to 21.0%. BlackRock (BLK) had an adjusted tax rate of 31.3% in 4Q17, implying a 10.0% rise in earnings per share on the implementation of the bill. State Street Advisors (STT), T. Rowe Price (TROW), and Wells Fargo (WFC), which have domestic exposure, tend to benefit more than their peers.
Q4 earnings season commenced for the banks, with all major banks coming out with decent financial performance based on improved top line.
Wells Fargo banking double-charged an unknown number of customers due to a technical error, according to a report by NJ.com.
The two banks have had plenty of ups and downs over the last decade or so. Here's the one I think has more "up" potential right now.
The big banks that report their fourth-quarter earnings in mid-January will have several headwinds baked into their results that may - or may not - turn into tailwinds in the coming year, analysts believe....
Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes ...
Wells Fargo, still working to regain its footing after a string of PR nightmares, is pointing to record AUM in its Wealth and Investment Management unit. “While we faced challenges in 2017, we are a much better company today than we were a year ago, and I am confident that this year Wells Fargo will be even better,” CEO Tim Sloan said in the company’s fourth-quarter earnings release. Its net income of $659 was down 7% from the third quarter.
Recording one-time tax benefit, Wells Fargo (WFC) reported rise in fourth-quarter 2017 earnings. Earnings per share came in at 97 cents, up from the prior-year quarter figure of 96 cents.
NEW YORK (AP) — Wells Fargo says its fourth-quarter earnings rose 17 percent from a year ago, as the consumer banking giant benefited from the recently passed GOP tax bill, but incurred additional costs related to improper sales practices and other matters.
Wells Fargo & Co. had another surprise for investors in the form of its biggest legal charge yet, showing the lender isn’t past its consumer banking scandals.
Wells Fargo & Co. shares slid 1.4% in premarket trade Friday, after the bank posted weaker-than-expected earnings for the fourth quarter. The bank said it had net income of $6.25 billion, or $1.16 a share, ...
Big banks and retail sales will highlight the busiest day of the economic and corporate calendar for investors.
Let the fun begin. JPMorgan Chase (JPM) and Wells Fargo (WFC), the No. 1 and No. 2 U.S. banks by market cap respectively, kick off fourth-quarter financial earnings tomorrow morning before the market opens. ...