WELLS FARGO & CO (WFC)       46.12  +0.31 (+0.68%)

Wells Fargo CEO's 2022 pay unchanged at $24.5M at his request

Wells Fargo's (WFC) said its board's independent members  agreed to keep President and CEO Charles W

Notable Friday Option Activity: CL, WFC, GNRC

Interesting WFC Put And Call Options For June 2024

Beer and spirits sales may be on the downswing - watch these stocks (NYSE:TAP)

There are early indications that the beer industry may not be as recession-proof as some investors had hoped. Read more.

Wells Fargo CEO Scharf's 2022 pay unchanged at $24.5 mln

Wells Fargo & Co Chief Executive Officer Charles Scharf's total compensation for 2022 was unchanged at $24.5 million, the Wall Street bank said in a regulatory filing on Thursday.

Hunt Claims Brexit Will Drive Growth as He Rules Out UK Tax Cuts

Chancellor of the Exchequer Jeremy Hunt will use a speech Friday to argue that Brexit will drive economic growth for the UK, but he will disappoint his critics in the ruling Conservative Party by rejecting calls for immediate tax cuts.

Twitter's Trust and Safety Head Ditches Protocol for Musk Whims

Ella Irwin is Musk’s most faithful supporter, even when his impulses buck convention

The US stocks rally is driven by optimism that things are 'not as bad as feared,' but this may not last, Wells Fargo strategist warns

"I think right now, we're getting a bit of that relief, but when you really lower the bar it's hard to trip over," Wells Fargo strategist Anna Han said.

Goldman Sachs, JPMorgan, Wells Fargo are among Wall Street giants named as possible FTX creditors

The 116-page document lists thousands of entries and redacted names of individuals who could be possible creditors to the exchange, per Bloomberg.

Australia Investigates Online Influencers Over False Advertising

Australia has announced a crackdown on social media influencers across platforms including TikTok, Youtube and Instagram, with more than 100 accounts expected to be investigated regarding false testimonials and endorsements after tip-offs from the public.

Tokyo Inflation Rises Above 4%, Prompting Yen Gains

Inflation in Tokyo continued to outpace expectations, rising above 4% in January, and keeping the focus on possible Bank of Japan policy change. The jump prompted gains in the yen.

Biden Honors California Shooting Victims at Lunar New Year Event

President Joe Biden said the Asian-American community had experienced profound “pain and violence” as he marked the Lunar New Year at a White House event just days after a deadly mass shooting at a celebration in California left 11 people dead.

Manchin Rages Against Attempts to Broaden EV Tax Credit

Senator Joe Manchin is pushing back against efforts to apply broad interpretations to a tax credit for electric vehicles that he largely wrote.

Going Viral: Succession

Caroline Hyde and Ed Ludlow discuss the new teaser for season four of HBO's Succession and how the March 24 season premiere is trending across social media. (Source: Bloomberg)

The Booming Investment in AI

Insight Partners Managing Director Lonne Jaffe joins Caroline Hyde and Ed Ludlow to discuss the rise in mainstream AI and why investors should be excited about the space. (Source: Bloomberg)

ServiceNow: No Layoffs in 2023

ServiceNow CEO Bill McDermott joins Caroline Hyde and Ed Ludlow to discuss the company's positive earnings and outlook, and why the company vowed it wouldn’t cut jobs this year despite workforce reductions at many other technology companies. (Source: Bloomberg)

Mastermind in JPMorgan Hack Left US for Israel, His Father Says

Gery Shalon, the mastermind of sweeping hacks on the US financial system early last decade, returned to Israel after being allowed to leave US custody two years ago, his father said in an interview broadcast in the Republic of Georgia.

FCC Commissioner Brendan Carr on TikTok Concerns

FCC Commissioner Brendan Carr joins Caroline Hyde and Ed Ludlow to discuss his concerns around TikTok and national security, what he proposes to do with the app, and why he believes India's TikTok ban is a good precedent for the US. (Source: Bloomberg)

Asia Stocks to Rally as Tech Pulls S&P 500 Higher: Markets Wrap

Stocks in Asia are set to follow US equities higher Friday after a rally in tech shares helped investors shake off mixed economic data that suggested a path to a soft landing, but the risk of recession persist.

Wells Fargo Chief Made $24.5 Million Last Year

Charles Scharf was eligible for his full target pay of $27 million but turned down a raise.

Wells Fargo Holds CEO Scharf’s Pay at $24.5 Million for 2022

Wells Fargo & Co. kept Chief Executive Officer Charlie Scharf’s pay at $24.5 million for 2022, a year in which both profit and stock tumbled and the bank continued to grapple with the fallout from a raft of scandals.

We agree with Wells Fargo that Wynn is set for a comeback as gamblers return to Macao

Wells Fargo on Thursday raised earnings estimates for Club holding Wynn Resorts' (WYNN) operations in Macao, China.

Wall Street mayhem traced to employee who forgot to turn something off

An employee in Chicago left a system running that caused Wall Street turmoil this week. It’s still too early to know just how much the debacle may cost.

Short Interest in Stocks Has Dropped, but Market Risks Remain

The average company in the Russell 2000 index recently had about 3.5% of its total shares outstanding shorted, down from about 4.2% just months ago.

FTX Says Wall Street Heavyweights Are Among Its Creditors

(Bloomberg) -- Advisers to FTX say the collapsed crypto company owes a dizzying assortment of firms including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Wells Fargo & Co., bankruptcy court documents show.Most Read from BloombergHindenburg vs Adani: The Short Seller Taking On Asia’s Richest PersonNYSE Mayhem Traced to a Staffer Who Left a Backup System RunningHindenburg’s Short Sell Call Shaves $12 Billion Off Adani StocksIBM to Cut About 3,900 Workers, Still Hiring in ‘Higher Growth’ Are

Apple, Netflix, Coinbase among creditors owed money by crypto exchange FTX (NASDAQ:CMCSA)

Beleaguered cryptocurrency exchange FTX (FTT-USD) owes money to a barrage of high-profile companies, including technology behemoths Apple (AAPL) and Netflix (NFLX) and crypto...

Bank earnings scorecard: All the numbers are in. Wells Fargo, Morgan Stanley still our favorites

We compiled the quarterly results to compare how our Club holdings, Wells Fargo (WFC) and Morgan Stanley (MS), stand up against their competitors.

Morgan Stanley Is Now the Highest-Valued Bank on Wall Street

Within its peer group, Morgan Stanley trades at the highest premium to its tangible book value.

Hyatt Hotels stock is cut at Wells Fargo after strong rally to start the year

Hyatt Hotels Corporation (H) is on watch after Wells Fargo turned cautious on the stock after the recent rally. Read more.

Strong U.S. economic growth expected in fourth quarter, outlook darkening

The U.S. economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed considerably towards the end of the year, with higher interest rates eroding demand. The Commerce Department's advance fourth-quarter gross domestic product report on Thursday could mark the last quarter of solid growth before the lagged effects of the Federal Reserve's fastest monetary policy tightening cycle since the 1980s kick in. Most economists expect a recession by the second half of the year, though mild compared to previous downturns.

Jim Cramer picks his standout stocks in 4 bull market industries

Companies in Cramer's list include Wells Fargo, Raytheon Technologies, Delta Air Lines, J.B. Hunt and Boeing.

Analysis-Wall Street heavyweights warn against ‘Goldilocks’ hopes

Some of Wall Street’s biggest names are throwing cold water on expectations that the U.S. economy will escape a recession in 2023, as hopes of a so-called Goldilocks scenario of easing inflation and resilient growth propels stocks higher. Banks and asset managers that have reiterated recession calls include BlackRock, Wells Fargo and Neuberger Berman, with many warning the Federal Reserve is unlikely to force inflation lower without hurting economic growth. The odds are “too high on Goldilocks; there’s still no easy way out,” analysts at BoFA Global Research wrote on Tuesday.

Google says U.S. Justice Department complaint is 'without merit'

The government on Tuesday said Google should be forced to sell its ad manager suite, tackling a business that generated about 12% of Google's revenue in 2021 while also playing a vital role in the search engine and cloud company's overall sales. Google, which depends on its advertising business for about 80% of its revenue, said the government was "doubling down on a flawed argument that would slow innovation, raise advertising fees and make it harder for thousands of small businesses and publishers to grow." "In contrast with prior cases/investigations against Google's ad tech biz, we view the DOJ complaint as fairly substantive and preempting some potential Google lines of defense," said Wells Fargo analyst Brian Fitzgerald.

PRESS DIGEST- New York Times business news - Jan 25

The New York Stock Exchange, which is owned by Intercontinental Exchange Inc, on Tuesday had a glitch that led to wild price swings that affected over 250 stocks, including shares of large companies like Wells Fargo & Co , Verizon Communications Inc and Nike Inc. - The U.S. Justice Department and a group of eight states sued Google on Tuesday, accusing it of illegally abusing a monopoly over the technology that powers online advertising, in the agency's first antitrust lawsuit against a tech giant under President Biden and an escalation in legal pressure on one of the world's biggest internet companies. - News Corp, one of Rupert Murdoch's media companies, said in a statement on Tuesday that he had determined that combining it and the Fox Corp was "not optimal for shareholders of News Corp and Fox at this time."

An NYSE glitch affected caused a market mayhem resulting in Morgan Stanley and Wells Fargo shares crashing over 10%

The exchange explained that the glitch, which affected over 250 stocks, resulted in the NYSE not conducting "opening auctions" for affected stocks.

New York Stock Exchange's 'Manual Error' Briefly Wiped Billions Of Dollars In Market Value—Here's What Happened

Shares of firms like Wells Fargo, Morgan Stanley, Walmart and Exxon Mobil collapsed as much as 25% at the start of trading Tuesday. The NYSE is working to unwind the "clearly erroneous" prices.

Wells Fargo gives a bullish endorsement to a beleaguered Disney. We're awaiting Iger's turnaround plan

Wells Fargo on Tuesday said it expects Walt Disney (DIS) to "come out swinging" when the entertainment conglomerate reports fiscal first-quarter results.

‘Scared the hell out of me’: Chaos on Wall Street after wild open

A tumultuous open sent chills across Wall Street as dozens of the largest companies in the US seemed to erase billions of dollars in market value for no apparent reason.

NYSE's Tuesday trading glitch explained — Why some of the trades may be busted

Dozens of stocks opened at prices well above or below their prior day closing prices. Most were halted shortly after the open.