In the wake of the JPMorgan Chase & Co. cyberattack, Bank of America, Wells Fargo, Bank of New York Mellon and other banks reassured the public that there was no evidence their computer systems were... To view the full story, click the title link.
John Horseman’s Horseman Capital Management is also amongst those hedge funds that are obliged to disclose their equity holdings for the end of the second quarter. The fund revealed ownership of 26 long equity positions, worth more than $322 million. Over the quarter, Horseman acquired eight new stocks, sold out of five previous holdings, and […]
By Stephen Simpson, CFA: With a few exceptions like U.S. Bancorp (NYSE:USB) and Wells Fargo (NYSE:WFC), this hasn't been a stellar year for commercial banks. The KBW Regional Banking ETF (NYSEARCA:KRE) is down about 4% year-to-date and...Show More Summary
Two major banks continue their battle for depositors' dollars.
David Abrams is considered to be a rising star in the hedge-fund industry. His fund, Abrams Capital Management, which was founded in 1999, has returned 20% since inception. He has $8 billion in assets under management and an equity portfolio valued at $1.4 billion, as of the second quarter. In his latest 13F filing, the […]
Mario Gabelli’s GAMCO Investors is also amongst those hedge funds that filed their Form 13Fs recently. The fund disclosed a highly diversified equity portfolio, with a market value of more than $19.1 billion. In this article, in particular, we will look into its largest holdings, which have remained the same for five consecutive quarters: DIRECTV […]
Former Wells Fargo CEO is no lightweight within financial circles. He packed a heavy punch just yesterday in railing on the Department of Justice’s $17 billion settlement with Bank of America. Kovacevich defined this penalty imposed on BOA as purely political. I do not necessarily agree with everything stated by Kovacevich in this 4-minute video […]
Banks typically look for every possible instance to charge customers to fees. That’s why it’s particularly important to stay aware of your bank account balances. With the increasing popularity of automatic payments (outgoing) or automatic withdrawals (pulls), a poorly timed deposit can result in overdraft fees or insufficient funds (NSF) fees. A few years ago, [...]Show More Summary
Buffett owns billions of two of America's largest banks. How has he profited from each, and which one is right for you?
SAN FRANCISCO — There is no demo day in this startup accelerator. The entire six-month period during which startups go through this new program at Wells Fargo, the 162-year-old bank, is essentially a try-out to convince Wells Fargo decision-makers that they should pay for the startups’ products. “The whole thing is a demo, in essence,” […]
Wells Fargo on Wednesday announced the launch of its first accelerator program, which will provide funding and mentorship to young companies aiming to pioneer new financial services technology. The bank will guide three startups in its...Show More Summary
Book references aside, is that not the image you’re getting here? Wells Fargo & Co. aims to double the size of its asset-management unit to $1 trillion over the next decade through acquisitions and more aggressive sales to big investors, according to executives carrying out the plan. Show More Summary
Ramon Ray, editor of Smallbiztechnology.com recently sat down with Ashley Meyers of the Wells Fargo Business Insight series to discuss the importance of using a customer database to grow your business. During this live audio interview,...Show More Summary
By Dr. Duru: Home builder confidence is still down year-over-year since June, but the continued momentum off recent lows is potentially encouraging. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) delivered an increase in confidence in August to 55 from a revised 53 in July. Show More Summary
By Roy's Analysis: On August 13, 2014, Barclay's chief equity strategist Jonathan Glionna stated the following: "We believe U.S. equities are transitioning out of a recovery rally and into a period of lower returns as the benefits of...Show More Summary
Tonya Griffith, Wells Fargo (summit sponsor), Comcast Foundation’s Charisse Lillie, Head and Heart Philanthropy Founder Christal M. Jackson, MSNBC’s Joy-Ann Reid and Skillman Foundation President Tonya Allen at “Philanthropy on the Vineyard 2014” opening conversation, Sunday, August 10, 2014. Show More Summary
NEW YORK (Reuters) - U.S. homebuilder sentiment rose in August to its highest since January as labor market conditions improved, data from the National Association of Home Builders showed on Monday. The NAHB/Wells Fargo Housing Market index rose to 55 in August from 53 in July, the group said in a statement. Show More Summary
There are the huge national banks: Bank of America, Wells Fargo, Chase, etc. There are the sundry credit unions and local savings and loans in your area. J.D. Power and Associates' annual customer satisfaction rankings and American Banker's survey of bank reputations are helpful here.
The UK May Not Hike Rates Until Well Into 2015 (Wells Fargo) The consensus among economists is that the UK will commence tightening its monetary policy in Q1 2015. Wells Fargo believes there's reason to think it could come a bit later. Show More Summary
On the deadline date for the second quarter of 13F filings, WS Management, the Chicago-based hedge fund managed by Gilchrist Berg, disclosed its long equity positions as of June 30 2014. The fund revealed a diversified equity portfolio worth more than $3.2 billion, after starting 17 new positions and selling out of 17 other holdings […]