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Wells Fargo Utilities and High Income Fund Announces Sources of Distribution Business Wire - 6/1/2020 4:32:00 PM
Wells Fargo Corporate Risk Announces Enhanced Organizational Structure and New Leaders Business Wire - 5/29/2020 12:22:00 PM
Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions Business Wire - 5/28/2020 8:01:00 PM
Japan Bank's Foray Into Risky U.S. Debt Ends With $3.7 Billion Loss -- WSJ Dow Jones News - 5/28/2020 3:02:00 AM
Wells Fargo to Present at the Bernstein 36th Annual Strategic Decisions Conference Business Wire - 5/20/2020 2:00:00 PM
Wells Fargo and Comp (WFC)
27.605 ? 0.515 (1.90%)
Volume: 24,560,415 @06/02/20 1:39:23 PM EDT
Bid Ask Day's Range
- - 27.47 - 27.99
WFC Detailed Quote
...Hertz listed numerous unsecured creditors in its bankruptcy petition, such as lenders, vendors and suppliers. These are the largest five:
Wells Fargo, unsecured notes totaling $2.7 billion
The Chapter 11 bankruptcy filing of Hertz Corporation and its US and Canadian subsidiaries Hertz, Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen –
https://wolfstreet.com/2020/05/24/hertz-bankruptcy-threatens-to-make-mess-in-the-used-vehicle-market-with-burst-of-pent-up-supply/
Averaging into WFC at different price points would be wise. Not try to pick a bottom. Just an average price that will look great in 24 months.
Don’t worry we’ll be getting that back real soon.
Wells Fargo Has Lost $220 Billion in Market Value Under Fed Cap
https://www.bloomberg.com/news/articles/2020-05-15/wells-fargo-has-lost-220-billion-in-market-value-under-fed-cap?srnd=markets-vp
WFC- picked up some $21's and $22's
I agree. I hate banks actually, but when that times comes, I will revisit that thought I guess...
I just heard Powell's remarks on TV, They are forecasting bad future through summer now...???
I have found that the best opportunities (and prices) come BEFORE the future is clear and obvious. (I know--self-evident}.
These bank stocks will do a significant bottom reversal at the first signs of economic life returning to the US.
No, I am not in any bank stocks. I am in a quandry of late with all the Covid media, what I am hearing for future of this country, and changes I see going on that make no sense to me... There is a lot more to all of this, as simply flu cases as of Feb 2020, according to CDC, were over 29 Million and nobody blinks and eye over that !!??
Seems stimulus money really went into banking system, NOT to small businesses where it was/is needed, yet country opening back up, new rules coming into effect everywhere, Many companies out of business and will continue to go out of business such as in retail/restaurant industries, where at best, they are forbidden to have more than 25-50% capacity to do business? many of them barely breaking even before at 100% capacity...???
Fuel costs rising now as more folks on roads since Friday Phase 1 openings, yet food problems arising at same time... XOM good stock, wish I had more, as they pay nice dividend..
Are you long in any banking stocks. I-Man?
Do you subscribe to the forecast that banks will be suffering from substantially increased loan write offs over the next year that will slam equity prices by more than an additional 30% or so?
TIA
Conix, many companies have cut dividends already. SEC needs to END naked shortselling schemes too through brokerages, et.al... Carona has become a convenient excuse for many things of late...
As far as "something else going on in banking", well, if you followed my postings since early 2010, and some others who have written me then about problems going on in banking end of 2019, the "word" there, is the central banks were collapsing, and to avoid people from making run on banks to remove their cash, carona media hyped up and diverted everyones' mind from "something else going on" to "Only Covid-19 media" each day still.
If you remember early in 2020, Steve Mnuchin kept saying "we will give free $$$ to every little business, etc" (which was a farce), and to every taxpayer, and "we want you all to spend it into the economy... Same still going on. Our Central Bank (Fed Reserve), has been doing so much complex crap trying to not raise more fear, that corona became a very coincidental excuse so the masses NEVER knew what also is going on with banking globally... This is just a thought right now amongst many, but some have hard evidence to the contrary also...
9 year low hit today. This is getting ridiculous.
Either the banking sector is in seriously long term trouble, or WFC is about to cut its dividend. Or it's time to average down on WFC
Wells Fargo & Co (NYSE:WFC) was downgraded by analysts at UBS Group AG from a "neutral" rating to a "sell" rating. They now have a $19.00 price target on the stock. 29.6% downside from the current price of $26.98
The major banks really cannot be allowed to fail because they are integral to any economy. Buying WFC here for an eventual (2 to 3 years out) $40 is a good risk/reward. Especially if they do not cut their 8% dividend.
And I predict that the Fed will lift the asset growth restriction on WFC for good be the end of the year.
lol. Ok. Yep far away from liberal types. I agree.
JHD
Amazing. I lived in CO before coming to NC 20 years ago- long to get back out West, but far away from liberal types.... Took trip to NW Montana and Idaho areas couple years back even scoping out... if you ever want to sell it to someone who appreciates True American nostalgia and history, contact me, ok.
It’s mom and my and my brothers now, been in the family since I was 12. I’m 63 my brother 73 and our mom 95. Dad passed 5 years ago. Oh and alot of work has gone into this place it’s 100 acres with some cattle just to keep the pastures down ...Cedar, fir and alder trees and ponds.my grandpa was a high rigger in the logging business so I guess all those trees are fitting.
Thank you
JHD
Hey jhd, where did you get that photo from? it's a picture of my ranch I see in my mind...
Yep it’s a confusing mess and state to state.
https://www.scribd.com/document/453690713/Dr-Shiva-Ayyadurai-s-letter-to-President-Donald-Trump
It is crazy bud .... I am further up the road from u in Hillsborough!
jhdf51, here in NC, damn Governor allowing Wrightsville Beach open (Wilmington area), but you cannot swim, cannot sunbathe, cannot stand around, cannot fish from shore, cannot congregate with more than 3 people. Must walk briskly or surf... Is this nuts or what? Just stay home and lay out in your yard...
No trout season this year, Streams closed and entire Pisgah National Forest closed last week, all trails, waterways/streams, etc. Just now closing after 2+ months of virus concerns...???
This isn’t a Wells problem this is a government designed transfer of wealth problem and political power play
Look at democratic governors not wanting to reopen.. California Washington states blaming Trump...
Hollywood doing musical Kum Ba Yah made for tv shit show love ins all designed against trump and to get Biden and Michelle Obama in office so we can quickly get to a standard pay for everyone as humans lose jobs and tech takes over.
There is going to be a revolt across this country after this!
Millions of small businesses like ours, screwed over, lied to my Mnuchin & gang, and deep state tactics still going on and ENOUGH is ENOUGH !!
And to add to my synicizm anyways, I think MANY of you need to start to research going back 3-4 months ago when all this corona thing happened. The onslaught of 24/7 media, etc and task force, for something that will have less deaths than the normal flu! Why!? Because the entire corona thing was conveniently used as smoke screen (starting overseas), to hide fact the entire central bank system(s) were collapsing, and NOBODY in any Government wanted people to know, so there would NOT be a run on banks to withdraw YOUR cash !! Look it up. Research it. I had couple ongoing correspondences many weeks back on here even, to this going on, yet I was skeptic for sometime- but after seeing what Wells Fargo juts did, makes a lot of sense...
WFC you are goign DOWN !
You fkng scam artist of a bank. Created the worst financial fraud on American people, paid $Billions in fines over that, and still in business, then now finding out what we thought happened against us US small businesses who applied for SBA stimulus loan program a week ago !
We went through hell for over 5 weeks of broken SBA sites, redoing paperwork, then when time came to go to local bank branch to get dispersal, another week of delays there with bank manager having no idea what to do ! But hey, 2 days after program was to start it already was depleted dry...
Then our SBA officer, who told us initially we'd see $10K advance and subsequent loan follow up days later, told us on the Friday before the Monday program dispersal was to start, Wells Fargo Bank already had depleted its capital allotment allowed! And they were asking Feds for more $$$ !!! How the hell can this be? The program was NOT to start dispersements for us small businesses until the coming Monday morning...
The entire WFC bank needs gutted from top to bottom over this !
Millions of fkng small businesses out there, who payed by Mnuchin's disgusting lies & rules, now have no stimulus funds, no advance- NOTHING !!!!
Mr. Mnuchin, why the hell did SBA (who is a lender) not simply deal direct to us Small businesses out there, instead of involving another intermediary party to begin with !!???
Do not advocate that Wells Fargo has any legs. 10 years from now it will cease to exist. LMFAO banked there for 11 years and was LIED to STOLEN from and eventually proven correct in my allegations. SHORT THIS TRASH
Duh. So what. Most fortunes are made from scams. Be on the right side, not the side lines.
Around 4.3% or $0.51 per share quarterly
Nice of the government to lift Wells asset cap which was placed during the scandal...Keep those dividends coming.
JHD
Given an unseen situation of a "black swan" because of an unknown Corona virus a brand new type "uncertainty" has developed.
I believe this market can take any of the big bank stocks (WFC, BAC, C, etc.) to lower levels.
Have been checking the price charts of few of them in order to invest in few. I am not convinced that times are close for change. Still it looks bleak for health given the increasing number of deaths and failure of leadership at home and abroad for the USA. This makes it even a greater challenge and credibility for the USA.
I followed the tech indicators after the 2008 "financial earthquake".
Early in March 2009, a tech signal hint was given after a double bottom in the leading market indicators.
Accordingly, I bought BAC and C at about at $5, and $3, respectively. In the following 15 months, both rose to triple of their price levels. We shall see how this one will unfold.
It’s just business. Wells Fargo’s garbage and it shows with the court dockets. Drink and eat those bloody dividends
Well call it what you want..its paid me WELL over the years.
JHD
Wells Fargo is forever a proven scam
Well I hope not because my dividend was great last time.
JHD
The company will attempt to survive the CEOs overt fraud. I’m sure when it hits 3.50 they will Halt there measly dividend
Hi. What is Wells current dividend? % Thank you!
JHD
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