Latest news with #WellsFargo&Company
Yahoo
5 days ago
- Business
- Yahoo
Raymond James Downgrades Wells Fargo & Company (WFC) Stock to Market Perform
Wells Fargo & Company (NYSE:WFC) is one of the Best Large Cap Value Stocks to Invest In. Raymond James downgraded the company's stock from 'Outperform' to 'Market Perform,' noting the limited upside potential. While the firm maintains its bullish outlook on Wells Fargo & Company (NYSE:WFC)'s growth prospects as well as continued profitability improvement, it opines that the upside to earnings estimates is appropriately reflected in premium valuation. A team of bankers in suits, discussing the success of the company's banking products. S&P Global believes that the lifting of the Federal Reserve's asset growth restriction on Wells Fargo & Company (NYSE:WFC), along with the termination of regulatory consent orders against the company, demonstrates significant improvement in its governance and risk management. The asset cap's termination is expected to provide Wells Fargo & Company (NYSE:WFC) opportunities to compete for new business and deposits, added S&P Global. Overall, the firm's positive outlook demonstrates its expectation that Wells Fargo & Company (NYSE:WFC) will improve its risk management oversight and that the risk-adjusted returns will rise. According to S&P Global, Wells Fargo & Company (NYSE:WFC) remains well-placed to handle an economic slowdown or a deterioration in the asset quality. The company tends to benefit from the scale of a universal bank as well as a less complex business mix, which is similar to a large regional bank. Furthermore, the revenue remains well balanced and is not overexposed to any specific area. Hotchkis & Wiley, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'Wells Fargo & Company (NYSE:WFC) is one of the nation's largest depositories and banks by assets. In addition to having a very high market share of deposits, they also enjoy high market share within the geographies they operate in such as western and southeastern US. In our opinion, WFC is one of the best franchises in banking with a history of very high returns on assets and equity. Performance over the quarter was strong due to potential deregulation with the onboarding of a new presidential regime and speculation that the company's asset cap could be lifted as early as 1H25.' While we acknowledge the potential of WFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
5 days ago
- Business
- Business Wire
Wells Fargo Reports Second Quarter 2025 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its second quarter 2025 financial results. The financial results are available online at and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on July 15, 2025, and available on the SEC's website at Conference call The company will host a live conference call on Tuesday, July 15, at 10:00 a.m. Eastern time. You may listen to the call by dialing 1-888-673-9782 (U.S. and Canada) or 312-470-7126 (International/U.S. Toll) and entering passcode: 8320644#. The call will also be available online at A replay of the conference call will be available from approximately 1:00 p.m. Eastern time on July 15 through Tuesday, July 29. Please dial 1-866-360-7722 (U.S. and Canada) or 203-369-0174 (International/U.S. Toll) and enter passcode: 6786#. A webcast replay will also be available online at About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.0 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune's 2025 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories. News Release Category: WF-CFH
Business Wire
10-07-2025
- Business
- Business Wire
Wells Fargo Names Tim Ruby to Lead Healthcare, Higher Education and Not-for-Profit Banking Nationwide
SAN FRANCISCO--(BUSINESS WIRE)--To meet growing demand for specialized solutions, Wells Fargo & Company (NYSE: WFC) today announced the appointment of Tim Ruby as division executive for the Healthcare, Higher Education, and Not-for-Profit division (HHN). Based in Chicago, Ruby reports to Phil Smith, vice chair of Specialized Industries, a business line within Commercial Banking. Ruby succeeds Bill Morgan, who retired after a distinguished 40-year career in financial services. 'Tim is stepping into an important leadership role and brings decades of trust and insight that will benefit the clients and communities we serve,' said Smith. 'His deep roots in healthcare, education, and nonprofit finance mean our clients get to work with someone who understands their mission and challenges from the inside out.' In his role, Ruby will manage relationships with HHN clients nationwide in the nonprofit hospitals, nonprofit insurers, public and private higher education institutions, and a wide range of nonprofit organizations. HHN is part of Wells Fargo Commercial Banking's Specialized Industries group, led by Mary Katherine DuBose. In addition to HHN, DuBose oversees the bank's specialized teams covering clients in the Beverage, Commercial Auto, Commodity, Financial Sponsors, Food & Agribusiness, Franchise, Gaming, Government, Healthcare, Sports, and Technology sectors. Ruby joins Wells Fargo from Bank of America, where he most recently served as market executive for its Midwest Healthcare, Education, and Non-Profit division. There, he led a team of relationship managers across 10 states, supporting health systems, senior living communities, higher education institutions, and nonprofit clients. Before joining Bank of America, he spent three decades at J.P. Morgan Chase and its predecessors in a progression of leadership roles within Commercial Banking, including over 20 years in the healthcare, higher education, and nonprofit sector. A resident of River Forest, Illinois, Ruby earned a B.B.A. from The University of Iowa Trippie College of Business and an MBA from the Northwestern University Kellogg School of Management. He currently serves as treasurer and finance committee chair for Brightpoint, a Chicago-based, prevention-focused family services organization. 'Wells Fargo has a longstanding commitment to supporting mission-driven institutions,' said Ruby. 'I'm honored to take the lead in helping these organizations achieve their goals and strengthen the communities they serve.' About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune's 2024 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at
Yahoo
08-07-2025
- Business
- Yahoo
Wells Fargo to Raise Dividend Following CCAR Results
Wells Fargo & Company (NYSE:WFC) is among the . On Monday, Wells Fargo & Company (NYSE:WFC) announced that it has successfully executed the 2025 Comprehensive Capital Analysis and Review (CCAR) stress test process, with the Federal Reserve Board's (FRB) calculations led to a forecasted stress capital buffer (SCB) for the company below the minimum, expecting to raise the dividend by 12.5%. The planned rise in the common stock dividend, from $0.40 per share to $0.45 per share, in the third quarter of 2025, is subject to approval by the Board of Directors. This is one of the reasons why investors are looking forward to the shareholder meeting in July. Additionally, the repurchasing of common stock by Wells Fargo & Company (NYSE:WFC) is a part of the company's internal capital adequacy framework that examines the current market and regulatory environment. A team of bankers in suits, discussing the success of the company's banking products. The company anticipates its SCB to reduce to at least 2.5% from 3.8%, implying a percentage of incremental capital that Wells Fargo & Company (NYSE:WFC) must hold on top of its minimum regulatory capital requirements. While the final SCB is scheduled for August 31, 2025, the FRB's pending notice of the proposed rule would result in the company's expected SCB being 2.6% if finalized as proposed. Wells Fargo & Company (NYSE:WFC) is a California-based financial services company with four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. The core offerings of the company include diversified banking, investment, mortgage, and consumer and commercial finance products and services. While we acknowledge the potential of WFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. V READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Business Wire
08-07-2025
- Business
- Business Wire
Wells Fargo to Announce Second Quarter 2025 Earnings on July 15, 2025
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC), as previously announced, will report its second quarter 2025 earnings results on Tuesday, July 15, 2025, at approximately 7:00 a.m. Eastern time. The results will be available online at In addition to being available on the company's Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at The company will host a live conference call on Tuesday, July 15, at 10:00 a.m. Eastern time. You may listen to the call by dialing 1-888-673-9782 (U.S. and Canada) or 312-470-7126 (International/U.S. Toll) and entering passcode: 8320644#. The call will also be available online at A replay of the conference call will be available from approximately 1:00 p.m. Eastern time on July 15 through Tuesday, July 29. Please dial 1-866-360-7722 (U.S. and Canada) or 203-369-0174 (International/U.S. Toll) and enter passcode: 6786#. A webcast replay will also be available online at About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune's 2024 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
