Although call center metrics for the company were stressed in the second quarter of 2020 due to COVID-19, the metrics normalized during subsequent months.We assess WFHM's loss mitigation abilities as above average. For borrowers affected by COVID-19, WFHM provided self-service options for customers seeking payment assistance via their website as well as the IVR.
Mike Mayo has been asking Wall Street leaders the hard questions for 30 years. Described once as "famously pugilistic," he was rated the top banking analyst last year in Institutional Investor's annual poll. A disagreement with Jamie Dimon in 2013 over whether JPMorgan held sufficient capital led...
The oldest Black-owned bank in the country is getting an investment from one of the largest. Citizens Savings Bank & Trust Co., Nashville's only minority-owned lender, is one of six Black-owned banks in the U.S. to receive an equity investment from Wells Fargo, according to a news release.
Shares of Wells Fargo & Co. slumped 0.18% to $33.20 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.20% to 31,437.80 and the S&P 500 Index falling 0.03% to 3,909.88. This was the stock's second consecutive day of losses.
The Mortgage Bankers Association (MBA) has released its year-end ranking of commercial and multifamily mortgage servicers' volumes as of Dec. 31, 2020. At the top of the list of firms is Wells Fargo Bank, with $712 billion in master and primary servicing, followed by PNC Real Estate/Midland Loan Services ($668 billion), KeyBank ($326 billion), Berkadia [...]
Broadway Federal Bank is one of six Black-owned banks in the U.S. to receive an equity investment from Wells Fargo, according to a news release. The announcement is part of Wells Fargo's pledge to invest up to $50 million in Black-owned banks. The amount Broadway Federal received was not disclosed.
Wells Fargo analyst Timothy Willi upgrades Western Union <<WU>> to Equal Weight from Underweight on a more balanced risk/reward profile."After working through the worst...
19 hours ago (Feb 10, 2021 03:35PM ET) Wells Fargo (NYSE:) analyst Brian Fitzgerald maintained a Buy rating on LiveRamp Holdings (NYSE:) on Tuesday, setting a price target of $95, which is approximately 29.73% above the present share price of $73.23. Fitzgerald expects LiveRamp Holdings to post earnings per share (EPS) of -$0.36 for the first quarter of 2021.
Inflation data released on Wednesday in the US showed lower-than-expected readings for January. According to analysts at Wells Fargo, expect inflation to ramp up this year as spending takes off and inflation expectations show businesses and consumers are positioned for higher prices. "The 0.3% rise in January's Consumer Price Index was primarily driven by higher gasoline prices.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Rick Matros, the company's Chairman and Chief Executive Officer, Harold Andrews, the company's Chief Financial Officer, Talya Nevo-Hacohen, the company's Chief Investment Officer, and Michael Costa, the company's Executive Vice President of Finance and Chief Accounting Officer, will attend the virtual Wells Fargo Real Estate Securities Conference on February 24, 2021.
February 11, 2021
Thursday, February 11, 2021 | MarketBeat Euronet Worldwide (NASDAQ:EEFT) had its price target hoisted by research analysts at Wells Fargo & Company from $110.00 to $165.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has an "overweight" rating on the business services provider's stock.
Pure Storage (NYSE:PSTG) had its price objective hoisted by research analysts at Wells Fargo & Company from $22.00 to $33.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has an "overweight" rating on the technology company's stock.
Wells Fargo & Co. has announced plans to close 25 more branches, including two in Philadelphia, as part of its broader plan to cut billions of dollars in costs to keep pace with its rivals. The impacted branches include 5458 Germantown Ave. in Germantown and 2300 Snyder Ave. in South Philadelphia.
Wells Fargo, the multinational financial services company, has announced investments in six Black Minority Depository Institutions (MSIs). The investments were part of a pledge Wells Fargo made last year to invest up to $50 million in Black-owned banks.
Wells Fargo & Co (NYSE: WFC) seems poised to benefit from the estimated 19% growth in the Federal Reserve's balance sheet in 2021, which is driving deposit growth in the banking sector, according to BofA Securities. The Wells Fargo Analyst: Erika Najarian maintained a Neutral rating for Wells Fargo, with a price target of $36.
Wells Fargo, trying to invest more in Black-owned banks, has put equity investments into six of them thus far, according to a Monday (Feb. 8) press release. The plan, launched in March 2020, was to put as much as $50 million in Black-owned banks, which would then have access to financial and technological help and product development.
WFSG's Rodney Altman - through his experience as a part-time physician - saw first-hand the access problem facing the psychiatry industry that telemedicine can help solve.
In recent trading, shares of Wells Fargo & Co (Symbol: WFC) have crossed above the average analyst 12-month target price of $33.39, changing hands for $33.40/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
STAG Industrial increased the capacity of the Company's unsecured credit facility to $750 million and refinanced $300 million of term loan debt. The Company exercised the accordion option of its unsecured credit facility capacity and increased its borrowing capacity from $500 million to $750 million with no change to pricing, maturity, and terms....