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Moody’s today downgraded the long-term ratings of top American lenders such as JPMorgan Chase, Bank of America and Wells Fargo, after pushing the U.S. out of the top triple-A rating club over ...
A jump in fee income helped the San Francisco-based bank boost second-quarter earnings per share by 20% from a year ago. Total assets, which had been restricted to $1.95 trillion under a government ...
Wells Fargo & Co.’s stock fell Tuesday after the bank reported second-quarter profit and revenue that rose above expectations but missed on net interest income, and after it cut its full-year growth ...
On June 4, Wells Fargo analyst Jason Haas reaffirmed his Buy rating on Moody’s Corporation (NYSE:MCO) with a price target of $572. He sees structural changes in the credit market as a long-term ...
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Why corporate bonds may be ‘fairly guarded’ from Moody’s ...Wells Fargo Investment Institute currently has a “favorable view” of investment-grade corporate bonds and is “neutral” high-yield debt, he said. High-yield bonds are riskier, as they’re ...
Wells Fargo stock soared more than 2% in after-hours trading following the announcement. Shares had closed at $75.65, up from $59.34 a year ago. The bogus accounts scandal toppled two Wells Fargo ...
Wells Fargo (NYSE: WFC) stock has increased by 3% over the past week and is up nearly 9% year-to-date. The recent uptick follows the announcement from the U.S. Federal Reserve last week stating ...
Just a week after the Fed removed Wells Fargo’s $1.95 trillion asset cap punishment over its fake sales scandal, the bank’s CFO detailed new growth plans. Over the past five years, risk and ...
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