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T-Mobile: Wells Ups to Buy on Cash Flow; Sprint Still the Top Pick

Shares of T-Mobile US (TMUS) are up 88 cents, or 2%, at $46.84, after Wells Fargo’s Jennifer Fritzsche this morning raised her rating on the shares to Outperform from Market Perform, writing that the company is reaching an inflection...Show More Summary

Banking and finance roundup

20 hours agoIndustries / Law : Overlawyered

Wells Fargo declines to serve firm that sells knives online, which might related to a “mass de-risking” trend that followed Operation Choke Point [Kelsey Harkness/Daily Signal, H. Clay Aalders/The Truth About Knives] “Time For Securities...Show More Summary

MiB: Gina Martin Adams of Wells Fargo

This week on Masters in Business I sit down with Gina Martin Adams, where she is a Managing Director and the Institutional Equity Strategist for Wells Fargo Securities, LLC based in New York, NY. She is a Chartered Financial Analyst (CFA) and Chartered Market Technician (CMT), and has been named to Institutional Investors’ All-America Research team. Show More Summary

ETFs This Week: Inflows Slow Dramatically

Wells Fargo’s Christopher Harris has an update on ETF inflows for the week ended Aug. 24, parsing data from Morningstar. The big news? A big slowdown in the cash flowing into U.S. ETFs.

Your Money Adviser: U.S. Puts Private Student Loan Servicers on Notice: Play Nice

The Consumer Financial Protection Bureau has stepped up pressure on independent banks and lenders such as Wells Fargo to treat their borrowers better.

Wells Fargo to pay homeowners $3.45 million over mailing error

By Suzanne Barlyn (Reuters) - A Wells Fargo & Co mortgage unit will pay $3.45 million to some customers because of a processing error that delayed the mailing of letters to almost 8,000 homeowners in bankruptcy and shortened their notice period about changes to monthly mortgage payment amounts, according to a court document. Show More Summary

There's a better way to invest in gold than buying gold (GLD, GLX, PPLT, PTM, PGM, PLTM)

Platinum is the best way to invest in gold right now. In a note on Thursday, John LaForge, head of real asset strategy at Wells Fargo, answered a series of client questions on gold, which have been the "lion's share" of all inquiries. That's...Show More Summary

Asset Growth A Highlight In Raymond James July Metrics: Wells Fargo

Raymond James (RJF) released July metrics yesterday, and Wells Fargo’s Christopher Harris and his team take a look at the report Thursday. Harris writes that that the figures were roughly in line with his expectations, with a strongShow More Summary

Morning Docket: 08.25.16

Demand for legal services may be down, but to keep up appearances, law firms are raising their rates. Despite those rate increases — which are driving revenue across most firms — Wells Fargo Private Bank’s Legal Specialty Group says, “We do not expect the results to match the record peak performance experienced in 2014.” […]

Consumers rate Lincoln as best car brand, and other MoneyWatch headlines

U.S. consumers say Lincoln is their favorite automaker; advertisers abandon Ryan Lochte over Rio Olympics lie; and Wells Fargo fined for deceiving student loan borrowers. These headlines and more from CBSMoneyWatch.

Wells Fargo to pay $4.1M for illegal student loan practices

last weekNews : NY Daily News

The $4.1 million sum includes a $3.6 million penalty to the Consumer Finance Protection Bureau and a $410,000 fund for borrowers.

British Avios Trickeration: No Online S7 Booking, No Cathay, No Dragon

British is turning into the Wells Fargo of airlines for its tricky ways. It started last month when they ducked me on my flight to the South of France. Now, I’m trying to book a flight from St. Petersburg to Amman and the website shows that the routing is invalid. Show More Summary

500-foot hotel/residential tower proposed to go over historic SF landmark

The high-rise would go right next to the gorgeous bank on the corner of Montgomery and Post Formerly the headquarters of Crocker National Bank back in 1908, and now home to arguably the fanciest Wells Fargo Bank branch in world, theShow More Summary

Wells Fargo to pay $4 million to settle charges of illegal student-loan practices

Wells Fargo has agreed to pay more than $4 million in fines and rebates over allegations that it charged illegal fees to student-loan borrowers. As part of a deal announced Monday, the San Francisco banking giant did not admit or deny wrongdoing but agreed to pay a $3.6-million penalty to the Consumer...

Wells Fargo slapped for cheating student borrowers

The CFPB cites it for illegal actions at one of its units that services 1.3 million private student loans in all 50 states

ETF Inflows Slowed Last Week, As Did Mutual Fund Outflows

Wells Fargo’s Christopher Harris has an update on ETF inflows for the week ended Aug. 17, parsing data from Morningstar. Net inflows for U.S. ETFs were $10 billion, down from $14 billion the previous week. Still, Harris writes, the most...Show More Summary

Dean Bresciani’s Problems Are Well Documented in the Public Record

NDSU photo of President Dean Bresciani This letter to the Fargo Forum from Mark Meister, the chairman of the Department of Communications at NDSU, accuses me of not supporting my criticism of NDSU and Dean Bresciani. It’s been getting a lot of play on social media from the usual crowd of football fans and NDSU loyalists, so I thought I’d address it....

A Look Behind The Scenes Of Hillary Clinton's Private Faith Life

In the moments after delivering the biggest speech of her political life, when the balloons had finished falling and the upbeat music had faded out, Hillary Clinton headed backstage at the Wells Fargo Center in Philadelphia. She had just become the first woman nominated for the presidency by a major party and the convention was about to close. Show More Summary

Some Corporations Fight, Some Cave

You’d think banks were in business to make money. From customers. By facilitating the operations of small businesses. You’d be right, except if you’re talking about Wells Fargo. Get this: KnifeNews.com reported earlier this month that...Show More Summary

Palme Thursday: Secrets, lies, Fargo, and Lars Von Trier made for a great year at Cannes

Palme Thursday is A.A. Dowd’s monthly examination of a winner of the Palme D’Or, determining how well the film has held up and whether it deserved the highest prize awarded at the Cannes Film Festival. Secrets & Lies (1996) Robert Altman. Show More Summary

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