Wells Fargo & Company (WFC) 48.36 $WFC
Correction: Fitch Assigns Final Ratings to WFCM 2015-P2 Commercial Mortgage Trust Pass-Thru Ctfs
BusinessWire - Thu Mar 31, 4:09PM CDT
(This release amends the version published on Feb. 23, 2016 and updates the selected criteria to include Rating Criteria for Structured Finance Servicers (April 2015))
WFC: 48.36 (-0.29)
Fitch Affirms WFRBS 2012-C7
BusinessWire - Thu Mar 31, 3:04PM CDT
Fitch Ratings has affirmed all classes of Wells Fargo Bank, N.A.'s WFRBS 2012-C7 pass-through certificates. A detailed list of rating actions follows at the end of this press release.
WFC: 48.36 (-0.29)
GE asks US to drop "systemically important" tag for Capital
AP - Thu Mar 31, 1:05PM CDT
NEW YORK (AP) — General Electric Co. asked the U.S. to drop the "too big to fail" tag for GE Capital, saying that its financing operations are a shadow of what they were when the Federal Reserve placed it under strict oversight in the aftermath of the global economic crisis almost a decade ago.
GE: 31.79 (-0.04), JPM: 59.22 (-0.49), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), C: 41.75 (-0.13), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AIG: 54.05 (-0.47), MS: 25.01 (-0.06)
Fitch Assigns Final Ratings to Wells Fargo Commercial Mortgage Trust 2016-C33 Pass-Through Certs
BusinessWire - Thu Mar 31, 12:48PM CDT
Fitch Ratings has assigned the following ratings and Rating Outlooks to Wells Fargo Commercial Mortgage Trust 2016-C33 commercial mortgage pass-through certificates.
WFC: 48.36 (-0.29)
GE Has a Powerful Case to Become Free From Fed Supervision
at The Street - Thu Mar 31, 11:13AM CDT
The company has been shrinking its GE Capital financial arm.
GE: 31.79 (-0.04), STT: 58.52 (unch), C: 41.75 (-0.13), MET: 43.94 (-0.79), WFC: 48.36 (-0.29)
Promise Healthcare Group, LLC Announces $75 Million Credit Facility with Wells Fargo Capital Finance
BusinessWire - Thu Mar 31, 10:08AM CDT
Promise Healthcare Group, LLC, a national specialty hospital company specializing in the treatment of critically ill patients, under the operating banners of Promise Healthcare, Inc. and Success Healthcare, LLC announces today that it has signed a five-year credit facility with Wells Fargo Bank, National Association. The asset based facility provides up to $75 million of borrowing capacity.
WFC: 48.36 (-0.29)
Sharecare Enlists Health Benefits Industry Execs To Scale Rapid Growth In Employer Market
GlobeNewswire - Thu Mar 31, 10:07AM CDT
Sharecare, a digital health and wellness engagement platform, has appointed health industry veterans Howard Gruverman and Ken Goulet to scale the company's rapidly growing employer business. With nearly 30 years serving the benefits industry and a focus on healthcare delivery systems, Gruverman has been appointed Sharecare's first executive vice president of enterprise; and Goulet will apply his more than 35 years of experience growing and leading large health plan organizations on Sharecare's board of directors.
WFC: 48.36 (-0.29)
Golden State Wealth Management Welcomes Wealth Manager Jason Diaz, Leaving Wells Fargo Advisors, LLC
GlobeNewswire - Thu Mar 31, 10:00AM CDT
Golden State Wealth Management is excited to welcome its newest Wealth Manager, Jason Diaz of Petaluma, Calif.
WFC: 48.36 (-0.29)
Stock Market News for March 31, 2016
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 9:10AM CDT
Fed Chairwoman Janet Yellen’s dovish comments continued to help benchmarks end in the green on Wednesday.
ADP: 89.71 (+0.56), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), C: 41.75 (-0.13), MET: 43.94 (-0.79), BAC: 13.52 (+0.04), WFC: 48.36 (-0.29)
Weingarten Realty Investors Closes $500 Million Unsecured Revolving Credit Facility
BusinessWire - Thu Mar 31, 8:46AM CDT
Weingarten Realty Investors (NYSE:WRI) announced today that it has amended and extended its $500 million unsecured revolving credit facility. The facility will mature in March 2020, with a provision to extend the maturity date for two consecutive six-month periods, at the Company's option. Borrowing rates under the facility are at a margin over LIBOR, plus a facility fee. The borrowing margin improved under the new agreement to LIBOR plus 90 basis points, a decrease of 15 basis points. Both the borrowing margin and facility fee are priced off a grid that is tied to Weingarten's senior unsecured credit ratings. The covenants on the facility have been updated, including lowering the capitalization rate, which increases the valuation of the properties, and therefore provides the Company even greater flexibility in executing its business plan. The facility also contains a competitive bid option that will allow the Company to request bids for up to $250 million, along with an accordion feature, which allows the Company to increase the facility amount up to $850 million. Weingarten intends to use the proceeds from such facility to fund acquisition and new development activities, and for general corporate purposes.
JPM: 59.22 (-0.49), WRI: 37.52 (unch), WFC: 48.36 (-0.29)
Buy These 4 Warren Buffett-Approved Dividend Stocks at a Deep Discount Today
at The Street - Thu Mar 31, 7:33AM CDT
Warren Buffett only invests in high quality businesses with shareholder friendly managements. See 4 of Buffett's favorite dividend stocks with price-to-earnings ratios at or below 12 analyzed in detail.
PSX: 86.59 (-1.03), AXP: 61.40 (+1.11), IBM: 151.45 (+3.04), WFC: 48.36 (-0.29)
Here’s Why Wells Fargo (WFC) Stock is Gaining Today
at The Street - Wed Mar 30, 12:11PM CDT
Wells Fargo (WFC) stock is advancing on Wednesday afternoon as the bank bids for more business on Wall Street.
WFC: 48.36 (-0.29)
Wells Fargo Settles Privacy Law Violations Case for $8.5M
Zacks Equity Research - Zacks Investment Research - Wed Mar 30, 11:00AM CDT
Wells Fargo & Company (WFC) is set to pay $8.5 million in an agreement with California Attorney General and five district attorneys to resolve charges of privacy law violations.
PJC: 49.56 (+0.60), WFC: 48.36 (-0.29), NBHC: 20.39 (-0.17), FNBC: 20.59 (-1.76)
Global stocks advance as investors welcome Fed assurance
By TERESA CEROJANO - AP - Wed Mar 30, 7:23AM CDT
MANILA, Philippines (AP) — Global stocks rose and the dollar fell on Wednesday after the U.S. Federal Reserve signaled it will move slowly to raise interest rates.
FITB: 16.69 (-0.18), HES: 52.65 (+1.68), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AAPL: 108.99 (-0.57)
Berkshire's Value Reaches Beyond Buffett
at The Street - Tue Mar 29, 4:00PM CDT
UBS analysts have finally figured out that the company's value is in its culture, not just its leader.
KO: 46.39 (-0.19), AXP: 61.40 (+1.11), WFC: 48.36 (-0.29), BRK.B: 141.88 (-0.58), BRK.A: 213,450.00 (-585.00)
Buffett's Stake in Wells Fargo (WFC) Moves Up to 10%
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 3:07PM CDT
Legendary investor Warren Buffett's stake in Wells Fargo & Company (WFC) has increased to 10%, as stated by Berkshire Hathaway Inc. (BRK.A).
GS: 156.98 (+0.48), AXP: 61.40 (+1.11), USB: 40.59 (-0.40), WFC: 48.36 (-0.29), BRK.A: 213,450.00 (-585.00)
Banks in Trouble: ISDAfix Manipulation Charges on Board
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 1:45PM CDT
The attempts of more than a dozen global banks suffered a major setback after a federal judge in Manhattan rejected their bid to discard a private lawsuit yesterday.
BCS: 8.62 (-0.09), C: 41.75 (-0.13), CS: 14.13 (-0.09), HSBC: 31.12 (-0.37), DB: 16.94 (-0.18), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), UBS: 16.02 (-0.32), RBS: 6.38 (-0.05), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), NMR: 4.44 (-0.01)
Here's Why Buffett's Stake in Wells Fargo Is Like Owning the Hope Diamond
at The Street - Tue Mar 29, 12:30PM CDT
The Oracle of Omaha increases his stake in what he calls a "wonderful company."
KO: 46.39 (-0.19), AXP: 61.40 (+1.11), WFC: 48.36 (-0.29), BRK.B: 141.88 (-0.58), BRK.A: 213,450.00 (-585.00)
Wells Fargo Set to Possibly Rebound After Yesterday's Selloff of 1.05%
Comtex SmarTrend(R) - Tue Mar 29, 12:10PM CDT
Wells Fargo (NYSE:WFC) traded in a range yesterday that spanned from a low of $47.91 to a high of $48.65. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $48.52 on volume of 8.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
WFC: 48.36 (-0.29)
Correction: Fitch Assigns Final Ratings to WFCM 2015-P2 Commercial Mortgage Trust Pass-Thru Ctfs
BusinessWire - Thu Mar 31, 4:09PM CDT
(This release amends the version published on Feb. 23, 2016 and updates the selected criteria to include Rating Criteria for Structured Finance Servicers (April 2015))
WFC: 48.36 (-0.29)
Fitch Affirms WFRBS 2012-C7
BusinessWire - Thu Mar 31, 3:04PM CDT
Fitch Ratings has affirmed all classes of Wells Fargo Bank, N.A.'s WFRBS 2012-C7 pass-through certificates. A detailed list of rating actions follows at the end of this press release.
WFC: 48.36 (-0.29)
GE asks US to drop "systemically important" tag for Capital
AP - Thu Mar 31, 1:05PM CDT
NEW YORK (AP) — General Electric Co. asked the U.S. to drop the "too big to fail" tag for GE Capital, saying that its financing operations are a shadow of what they were when the Federal Reserve placed it under strict oversight in the aftermath of the global economic crisis almost a decade ago.
GE: 31.79 (-0.04), JPM: 59.22 (-0.49), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), C: 41.75 (-0.13), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AIG: 54.05 (-0.47), MS: 25.01 (-0.06)
Fitch Assigns Final Ratings to Wells Fargo Commercial Mortgage Trust 2016-C33 Pass-Through Certs
BusinessWire - Thu Mar 31, 12:48PM CDT
Fitch Ratings has assigned the following ratings and Rating Outlooks to Wells Fargo Commercial Mortgage Trust 2016-C33 commercial mortgage pass-through certificates.
WFC: 48.36 (-0.29)
GE Has a Powerful Case to Become Free From Fed Supervision
at The Street - Thu Mar 31, 11:13AM CDT
The company has been shrinking its GE Capital financial arm.
GE: 31.79 (-0.04), STT: 58.52 (unch), C: 41.75 (-0.13), MET: 43.94 (-0.79), WFC: 48.36 (-0.29)
Promise Healthcare Group, LLC Announces $75 Million Credit Facility with Wells Fargo Capital Finance
BusinessWire - Thu Mar 31, 10:08AM CDT
Promise Healthcare Group, LLC, a national specialty hospital company specializing in the treatment of critically ill patients, under the operating banners of Promise Healthcare, Inc. and Success Healthcare, LLC announces today that it has signed a five-year credit facility with Wells Fargo Bank, National Association. The asset based facility provides up to $75 million of borrowing capacity.
WFC: 48.36 (-0.29)
Sharecare Enlists Health Benefits Industry Execs To Scale Rapid Growth In Employer Market
GlobeNewswire - Thu Mar 31, 10:07AM CDT
Sharecare, a digital health and wellness engagement platform, has appointed health industry veterans Howard Gruverman and Ken Goulet to scale the company's rapidly growing employer business. With nearly 30 years serving the benefits industry and a focus on healthcare delivery systems, Gruverman has been appointed Sharecare's first executive vice president of enterprise; and Goulet will apply his more than 35 years of experience growing and leading large health plan organizations on Sharecare's board of directors.
WFC: 48.36 (-0.29)
Golden State Wealth Management Welcomes Wealth Manager Jason Diaz, Leaving Wells Fargo Advisors, LLC
GlobeNewswire - Thu Mar 31, 10:00AM CDT
Golden State Wealth Management is excited to welcome its newest Wealth Manager, Jason Diaz of Petaluma, Calif.
WFC: 48.36 (-0.29)
Stock Market News for March 31, 2016
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 9:10AM CDT
Fed Chairwoman Janet Yellen’s dovish comments continued to help benchmarks end in the green on Wednesday.
ADP: 89.71 (+0.56), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), C: 41.75 (-0.13), MET: 43.94 (-0.79), BAC: 13.52 (+0.04), WFC: 48.36 (-0.29)
Weingarten Realty Investors Closes $500 Million Unsecured Revolving Credit Facility
BusinessWire - Thu Mar 31, 8:46AM CDT
Weingarten Realty Investors (NYSE:WRI) announced today that it has amended and extended its $500 million unsecured revolving credit facility. The facility will mature in March 2020, with a provision to extend the maturity date for two consecutive six-month periods, at the Company's option. Borrowing rates under the facility are at a margin over LIBOR, plus a facility fee. The borrowing margin improved under the new agreement to LIBOR plus 90 basis points, a decrease of 15 basis points. Both the borrowing margin and facility fee are priced off a grid that is tied to Weingarten's senior unsecured credit ratings. The covenants on the facility have been updated, including lowering the capitalization rate, which increases the valuation of the properties, and therefore provides the Company even greater flexibility in executing its business plan. The facility also contains a competitive bid option that will allow the Company to request bids for up to $250 million, along with an accordion feature, which allows the Company to increase the facility amount up to $850 million. Weingarten intends to use the proceeds from such facility to fund acquisition and new development activities, and for general corporate purposes.
JPM: 59.22 (-0.49), WRI: 37.52 (unch), WFC: 48.36 (-0.29)
Buy These 4 Warren Buffett-Approved Dividend Stocks at a Deep Discount Today
at The Street - Thu Mar 31, 7:33AM CDT
Warren Buffett only invests in high quality businesses with shareholder friendly managements. See 4 of Buffett's favorite dividend stocks with price-to-earnings ratios at or below 12 analyzed in detail.
PSX: 86.59 (-1.03), AXP: 61.40 (+1.11), IBM: 151.45 (+3.04), WFC: 48.36 (-0.29)
Here’s Why Wells Fargo (WFC) Stock is Gaining Today
at The Street - Wed Mar 30, 12:11PM CDT
Wells Fargo (WFC) stock is advancing on Wednesday afternoon as the bank bids for more business on Wall Street.
WFC: 48.36 (-0.29)
Wells Fargo Settles Privacy Law Violations Case for $8.5M
Zacks Equity Research - Zacks Investment Research - Wed Mar 30, 11:00AM CDT
Wells Fargo & Company (WFC) is set to pay $8.5 million in an agreement with California Attorney General and five district attorneys to resolve charges of privacy law violations.
PJC: 49.56 (+0.60), WFC: 48.36 (-0.29), NBHC: 20.39 (-0.17), FNBC: 20.59 (-1.76)
Global stocks advance as investors welcome Fed assurance
By TERESA CEROJANO - AP - Wed Mar 30, 7:23AM CDT
MANILA, Philippines (AP) — Global stocks rose and the dollar fell on Wednesday after the U.S. Federal Reserve signaled it will move slowly to raise interest rates.
FITB: 16.69 (-0.18), HES: 52.65 (+1.68), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AAPL: 108.99 (-0.57)
Berkshire's Value Reaches Beyond Buffett
at The Street - Tue Mar 29, 4:00PM CDT
UBS analysts have finally figured out that the company's value is in its culture, not just its leader.
KO: 46.39 (-0.19), AXP: 61.40 (+1.11), WFC: 48.36 (-0.29), BRK.B: 141.88 (-0.58), BRK.A: 213,450.00 (-585.00)
Buffett's Stake in Wells Fargo (WFC) Moves Up to 10%
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 3:07PM CDT
Legendary investor Warren Buffett's stake in Wells Fargo & Company (WFC) has increased to 10%, as stated by Berkshire Hathaway Inc. (BRK.A).
GS: 156.98 (+0.48), AXP: 61.40 (+1.11), USB: 40.59 (-0.40), WFC: 48.36 (-0.29), BRK.A: 213,450.00 (-585.00)
Banks in Trouble: ISDAfix Manipulation Charges on Board
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 1:45PM CDT
The attempts of more than a dozen global banks suffered a major setback after a federal judge in Manhattan rejected their bid to discard a private lawsuit yesterday.
BCS: 8.62 (-0.09), C: 41.75 (-0.13), CS: 14.13 (-0.09), HSBC: 31.12 (-0.37), DB: 16.94 (-0.18), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), UBS: 16.02 (-0.32), RBS: 6.38 (-0.05), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), NMR: 4.44 (-0.01)
Here's Why Buffett's Stake in Wells Fargo Is Like Owning the Hope Diamond
at The Street - Tue Mar 29, 12:30PM CDT
The Oracle of Omaha increases his stake in what he calls a "wonderful company."
KO: 46.39 (-0.19), AXP: 61.40 (+1.11), WFC: 48.36 (-0.29), BRK.B: 141.88 (-0.58), BRK.A: 213,450.00 (-585.00)
Wells Fargo Set to Possibly Rebound After Yesterday's Selloff of 1.05%
Comtex SmarTrend(R) - Tue Mar 29, 12:10PM CDT
Wells Fargo (NYSE:WFC) traded in a range yesterday that spanned from a low of $47.91 to a high of $48.65. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $48.52 on volume of 8.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
WFC: 48.36 (-0.29)
