This is Why Bank of America’s Stock is Getting all the Attention Today
Looks like banks are on the move Tuesday. If it weren’t for the growth in commodity stocks, financials would be the best performing industry today with a 1.5% gain. Throw a line, and you’re bound ... [Read]
Wells Fargo’s Preferred Stock, Series A Stock, Went Above 6% Yield Mark Today
In trading on July 21, shares of Wells Fargo’s (NYSE:$WFC) 6.375% Cumulative Perpetual Preferred Stock, Series A (WFE.PRA) crossed the 6% yield mark based on its quarterly dividend, with shares changing hands as low as ... [Read]
Bank of America Chooses Ireland as its New European Union Base
On Friday, July 21, Bank of America (NYSE:$BAC) became the first Wall Street lender to choose Dublin, Ireland as its new European Union base. The decision comes as Britain prepares to follow through with Brexit. ... [Read]
Bank of America’s National System Outage Spooks Customers
On July 19, Bank of America (NYSE:$BAC) system outage shut customers out of their accounts for several hours. Eric Sleeper, a Coral Springs resident, stated that he got an unsettling email from the bank on ... [Read]
This is Why Wells Fargo’s Second Quarter Results Shouldn’t Change Your Stance on the Stock
Major U.S. bank Wells Fargo (NYSE:$WFC) released its second quarter report on July 14, 2017. Although it surpassed bottom line expectations from analysts, the the top line estimates weren’t met. Upon the release of the ... [Read]
5 International Banking Apps to Purchase in 2017
Similar to what’s happening in the food sector with the increasing popularity of mobile delivery apps, it has been predicted that we will start to use mobile banking apps 10 times more often than we ... [Read]
Bank of America is Starting to Fix its Dilution Problem
In an interview in 2011, recently-named Bank of America (NYSE:$BAC) CEO Brian Moynihan informed Fortune’s Shawn Tully of his top goals for the company. “We need to get back most of the shares we issued ... [Read]
This Is What You Need to Know About The Wells Fargo Scandal
Wells Fargo (NYSE:$WFC) have been caught up in a big scandal since September 2016 that resulted in former CEO John Stumpf stepping down as well as a flurry of lawsuits. While the banking institution has mostly moved ... [Read]
US Federal Reserve Fully Expected to Raise Interest Rates
There is little suspense revolving the Fed’s decision about raising interest rates later this Wednesday. Economists anticipate that the Federal Reserve will not only raise rates this week, but later on in the year as ... [Read]
Fed Hikes Rates In Midst Of Weak Inflation Figures
After a two-day policy meeting, the Federal Reserve confirmed economist predictions by raising interest rates yet again. When considering the Bank’s plans to shed some of its massive $4.5 Trillion balance sheet this year, these ... [Read]