WFC Oct 2024 55.000 put
| Previous close | 0.0100 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 55.00 |
| Expiry date | 2024-10-18 |
| Day's range | 0.0100 - 0.0100 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
Yahoo FinanceThe one big bank that had a challenging week
Investors cheered earnings from many of the biggest banks this past week with one notable exception: Citigroup. A big reason was some confusion that took hold during the lender's quarterly call with analysts.
- Yahoo Finance Video
How Big Banks are using AI and what it means for workers
JPMorgan Chase & Co. (JPM) CEO Jamie Dimon says while artificial intelligence (AI) is poised to boost productivity, banks need to do more to help the workers who will be displaced by the tech. Synechron Co-Founder and CEO Faisal Husain joins Seana Smith and Madison Mills on Catalysts to discuss what the company that advises nine of the 10 of the largest banks outside of China on AI is telling clients. “We believe that AI can play a big role in boosting productivity and thereby also reducing cost for a lot of financial institutions and also other enterprises. But at the same time, we're still in the very early stages of this technology. It will take time to get it to a point where, as Mr. Dimon says, it massively affects jobs. So I think it will be a gradual process.” Husain says it will take time for banks to see the full return on their investment in AI. “The technology is still evolving. It's evolving at a very fast pace. We're still trying to help our clients understand where it can be applied, how it can be applied, and people are going in different directions.” Synechron is telling clients, “Don't worry about finding the killer app for your company within your enterprise,” Husain says, telling that "productivity-focused initiatives" should initially be aimed at saving minute amounts of time in workflows first. "And use that as a way of leveraging AI within the enterprise rather than finding this nirvana, this killer app type of a solution which takes time.” To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.
Insider MonkeyWells Fargo & Company (WFC): Among the Blue Chip Stocks With Low PE Ratios
We recently compiled a list of the 7 Blue Chip Stocks with Low PE Ratios. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands against the other blue chip stocks with low PE ratios. In the current financial landscape, characterized by shifting market sentiments and evolving economic […]
