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Here are eight Buffett-approved businesses built for the long haul.
Yahoo Finance checks in with Carvana founder and CEO Ernie Garcia on car buying demand amidst the COVID-19 pandemic.
American Airlines threatened to cancel 737 Max orders, and an analyst expects bank earnings to fall dramatically in the second quarter.
With an aim of improving profitability and operating efficiency, Wells Fargo (WFC) is likely to cut jobs starting later this year.
Amid the coronavirus-induced economic crisis, lower interest rates are expected to have negatively impacted Wells Fargo's (WFC) interest income in the second quarter of 2020.
The bank announced it would cut its cash payout following the Fed's decision to cap dividends. Now the question is: By how much?
Wells Fargo & Company (NYSE: WFC) announced today that Kristy Fercho will join the company at the beginning of August as the new head of Wells Fargo Home Lending. Fercho has 18 years of leadership experience in the mortgage industry and will replace Michael DeVito, who has announced plans to retire later this summer after more than 23 years with Wells Fargo.
The telecom stock has lost ground this year, but the company's business still looks pretty resilient.
For investors who have watched COVID-19 put the global automotive industry through pain, whether it's suppliers, manufacturers, dealerships, or many others, there's a glimmer of hope that automakers could recover from China's slump sooner than originally believed. Ford sold nearly 159,000 vehicles during the second quarter. Ford's transit commercial vehicles grew 60.9% compared to the prior year, and Lincoln luxury vehicles gained 12%.
In a world of low interest rates, finding high yields that look supportable is easier said than done.
According to data from S&P Global Market Intelligence, the stock fell 52% over the first half of the year. Adjusted earnings per share of $0.93, which excluded $0.33 per share in litigation charges related to the retail banking scandal, were down from $1.21 in the quarter a year ago, and missed estimates of $1.12. Lower interest rates also weighed on net interest income, which fell from $12.6 billion to $11.2 billion.
The company's plans will eventually result in eliminating tens of thousands of positions due to pressure to "dramatically reduce costs", the report said. Wells Fargo, the fourth-largest U.S. lender by assets, is leaning on cost cuts to stabilize its bottom line as it recovers from a raft of fines and costs relating to sales abuses first uncovered in 2016 and mounting loan loss provisions due to the coronavirus-driven economic downturn.
There's a lot to love about dividend stocks. For starters, they can potentially provide two sources of profit: the income from the dividends themselves and the increase in the stock price. You should look closely when evaluating dividend stocks.
While AT&T (T) powers the private cellular network of Phillips 66, Verizon (VZ) initiates more customer engagements in the Shark Experience platform.
Shares of American Express (NYSE: AXP) fell 23.5% during the first half of 2020, according to data from S&P Global Market Intelligence. The credit card company slid along with the financial sector, which suffered from the economic recession caused by the COVID-19 pandemic. While American Express isn't quite as exposed to credit losses as some other large banks, lower overall spending still affects its discount fee revenue and earnings.
Following an April 2020 industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled today the details of an approximately $400 million effort to help small businesses impacted by the ongoing COVID-19 pandemic keep their doors open, retain employees, and rebuild. Through Wells Fargo’s new Open for Business Fund, the company will engage nonprofit organizations to provide capital, technical support, and long-term resiliency programs to small businesses with an emphasis on those that are minority-owned businesses.
NEW ORLEANS, July 10, 2020 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.
It’s no mystery why the Nasdaq Composite has soared, given the bright outlook for big technology companies. But tech is an increasingly crowded trade.
NEW YORK, July 10, 2020 -- Verizon Communications Inc. (“Verizon”) received notice of a "mini-tender" offer by Ponos Industries LLC (“Ponos”) and recommends that its.
The big shareholder groups in Visa Inc. (NYSE:V) have power over the company. Institutions will often hold stock in...
New York, New York--(Newsfile Corp. - July 10, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Wells Fargo & Company ("Wells Fargo") (NYSE: WFC) between April 5, 2020 and May 5, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Northern District of California. ...
Skin-whitening creams identified as containing potentially dangerous levels of mercury continue to be sold online more than seven months after a watchdog group raised the alarm, including on platforms run by eBay, Amazon.com and Alibaba, a Reuters review of the sites shows. The findings come at a time when skin lightening, a multi-billion dollar industry especially popular in Asia, Africa and the Caribbean, is under renewed criticism for promoting light skin as a beauty ideal. Many countries ban or restrict mercury in creams, which can damage the kidneys, brain and nervous system.