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Zacks News
Wells Fargo Settles Fake-Account Lawsuit for $110 Million
by Parth Panchal
On Tuesday, San Francisco based bank Wells Fargo (WFC) announced a $110 million settlement for a class-action lawsuit brought by customers. While on the path of redemption, additional complications are still ahead of the bank.
Wells Fargo to Settle Fake Account Opening Lawsuit for $110M
by Zacks Equity Research
Wells Fargo & Company (WFC) has agreed to pay $110 million to resolve a lawsuit filed against it by customers in May 2015.
Wells Fargo Unveils Cardless ATMs to Boost Digitalization
by Zacks Equity Research
In this era of digitalization, the banking giant ??? Wells Fargo & Company (WFC) ??? has officially initiated cardless technology at 13,000 ATMs. The new technology will allow customers to use ATMs without physical debit cards.
Zacks Industry Outlook Highlights: Bank of America, JPMorgan Chase, Wells Fargo and Financial Select Sector SPDR
by Zacks Equity Research
Zacks Industry Outlook Highlights: Bank of America, JPMorgan Chase, Wells Fargo and Financial Select Sector SPDR
5 Ultra-Safe Stocks to Counter the Worst Sell-Off in 5 Months
by Tirthankar Chakraborty
The Dow Jones and the S&P 500 lost over 1% for the first time in more than 100 trading sessions.
Wells Fargo (WFC) February Account Opening Plunges 43% Y/Y
by Zacks Equity Research
Wells Fargo reported retail banking customer activity for Feb 2017. Wells Fargo experienced a year-over-year plunge of 43% in new account openings and a sequential fall of 3%.
Wells Fargo Credit Card Applications Plunge 55% Amid Account Scandal
by Parth Panchal
San Francisco-based bank Wells Fargo & Co. (WFC) is still struggling to recover from their scandal over bogus accounts. The bank's February performance report unveils overall declining customer traffic complimented by small spots of growth.
UnitedHealth Extends Expiration Date of SCA Share Exchange
by Zacks Equity Research
UnitedHealth Group Incorporated (UNH) recently declared that the expiration of its previously announced exchange offer for all of the outstanding shares of Surgical Care Affiliates, Inc. (SCAI) ("SCA???) has been extended.
The Zacks Analyst Blog Highlights: Wells Fargo, Altria, Dow Chemical, Colgate and Papa John
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Wells Fargo, Altria, Dow Chemical, Colgate and Papa John
Valeant (VRX) Stock Slides 4% on Debt Restructuring Announcement
by Parth Panchal
Pharmaceutical and biotech company Valeant Pharma (VRX) slipped down 4.33% to $12.50 intraday Monday due to an announcement of debt restructuring.
Invest Like Warren Buffett with These 5 Excellent Stocks
by Swarup Gupta
The Oracle of Omaha's holdings still offer some smart investor choices.
5 Bank Stocks to Buy as Fed Hints at a Rate Hike in March
by Tirthankar Chakraborty
Fed Chair Janet Yellen indicated that a rate hike is in the offing this month with more slated to follow later this year, reflecting renewed strength in the job market and a bump up in inflation.
Bank Stock Roundup: Fed Interest Hike Expectation Raise Optimism; JPMorgan, Citi in Focus
by Zacks Equity Research
Over the last five trading days, major banks' rally continued with expectation of another interest rate hike this month.
FDIC-Insured Banks: Q4 Earnings Strong, Revenues Escalate
by Zacks Equity Research
Federal Deposit Insurance Corporation (FDIC)-insured commercial banks and savings institutions reported fourth-quarter 2016 earnings of $43.7 billion, up 7.7% year over year.
Warren Buffett On Active vs. Passive Investing, Outlines 'The Bet' In Berkshire Shareholder Letter
by Parth Panchal
Nine years ago, Warren Buffett publicly bet that any set of five hedge funds could not outperform the S&P 500 index over a 10 year period of time. Ted Seides, co-manager of Prot??g?? Partners, stepped up to the plate against Mr. Buffett.
Bank Stock Roundup: Growing Optimism for March Rate Hike; BofA, Citi in Focus
by Zacks Equity Research
Over the last four trading days, performance of the banking stocks reflected optimism.
Popeyes and Burger King: The New Fast-Food Superpower?
by Benjamin Rains
Restaurant Brands International Inc. (QSR) announced its $1.8 billion acquisition of Popeyes Louisiana Kitchen Inc. (PLKI) yesterday, and it helped the fried chicken giant's stock sizzle upward 19% to $78.77 per share. RBI stock rose 7% Tuesday to $57.50 per share
Popeyes Spikes 19% After $1.8 Billion Acquisition Deal with Burger King Owner
by Joseph Lu
Restaurant Brands International Inc. (QSR), owner of Burger King and Tim Hortons, has reached a deal with Popeyes Louisiana Kitchen Inc. (PLKI) to acquire the fried chicken chain for $1.8 billion.
Wells Fargo (WFC) January Account Opening Plunges 31% Y/Y
by Zacks Equity Research
Amid troubled times for Wells Fargo & Company (WFC), following its $185-million settlement to resolve regulators' claims of illegally opening millions of unauthorized accounts, the U.S. lender reports retail banking customer activity for Jan 2017.
Why Is Wells Fargo (WFC) Up 7.9% Since the Last Earnings Report?
by Zacks Equity Research
Wells Fargo (WFC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Buffett Signals Shift on Long-Standing Tech Stance With Big 4Q Apple Bet
by Benjamin Rains
Berkshire Hathaway Inc. increased its bet on Apple by more than 200% in the fourth quarter, upping its position in the iPhone maker to a whopping $6.6 billion as of December 31. Warren Buffett's big move came just ahead of a major 2016 turnaround for Apple. The big Apple bet also signals a shift for Buffett, who has stayed away from tech stocks for decades.
Yellen Increases Odds of March Rate Hike: 5 Top Winners
by Tirthankar Chakraborty
Yellen's first day testifying before the Congress solidified views that the Fed has adopted a more hawkish stance and an interest rate hike in March remains on the table.
Fully Automated Banking Branches: A Revolution in the Making?
by Zacks Equity Research
Is branch banking model on the brink of a revolutionary change? Given some initiatives the banking giants are undertaking, it certainly seems so.
Top Ranked Income Stocks to Buy for February 3rd
by Zacks Equity Research
Here are four stocks with buy rank and strong income characteristics for investors to consider today, February 3rd:
Top Ranked Income Stocks to Buy for January 30th
by Zacks Equity Research
Here are four stocks with buy rank and strong income characteristics for investors to consider today, January 30th: