Tag: Wells Fargo & Co

Wells Fargo announces $30 billion buyback, shares rise

Wells Fargo building in San Francisco.Source: CNBCWells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock.The company...

JPMorgan, Wells Fargo and Morgan Stanley to boost dividends after clearing Fed stress test

Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023.CNBCLarge U.S banks including JPMorgan Chase, Wells Fargo and Morgan Stanley said...

Microsoft’s $13 billion bet on OpenAI carries huge potential along with plenty of uncertainty

When Microsoft first invested $1 billion in OpenAI in 2019, the deal received no more attention than your average corporate venture round. The startup...

Citigroup CEO Jane Fraser faces disgruntled employees, regulators’ demands in difficult first year

Citi CEO Jane Fraser makes brief remarks during a meeting with U.S. President Joe Biden and fellow chief executives to discuss the looming federal...

Wells Fargo tells customers it’s shuttering all personal lines of credit

Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned.The bank is shutting down all existing personal...

Ford’s stock hasn’t done this in 6 years, chart analyst says as Wall Street grows optimistic on consumer plays

Wall Street analysts are doubling down on their calls for a consumer spending recovery.Barclays, Credit Suisse and Wells Fargo released notes Monday highlighting their...

Wells Fargo shares jump after Fed reportedly approves bank’s overhaul plan

A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020.Peter...

Netflix stock soars 12% on subscriber growth and possible buybacks

The Netflix Inc. true crime documentary miniseries "Tiger King" overview page is displayed on a laptop computer.Gabby Jones | Bloomberg | Getty ImagesNetflix stock...

Morgan Stanley is set to report fourth-quarter earnings – here’s what the Street expects

James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019.Giulia...

Wells Fargo shares slide after fourth-quarter revenue falls short of expectations

A man walks past a Wells Fargo Bank branch on a rainy morning in Washington.Gary Cameron | ReutersWells Fargo on Friday released mixed results...

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