|Day Low/High||54.62 / 56.18|
|52 Wk Low/High||49.27 / 66.31|
Enrique Hernandez Jr. stepped down from the board of directors of Wells Fargo in April following the costliest scandal in the U.S. bank's history, amid widespread criticism from corporate-governance experts and regulators. That legacy has trailed him as chairman of the board of McDonald's, the largest U.S. publicly-traded restaurant chain, which is set to hold its annual shareholder meeting this week.
Use of technology including artificial intelligence and electronic payments means big things for the likes of Wells Fargo, JPMorgan and Bank of America, according to analysts from Goldman Sachs.
The reason why the stock market has barley reacted to strong first quarter earnings growth is because of fear. That's according to Ryan Payne, President of Payne Capital Management.
Why am I overweight a stock in a down trend? Easy.
Do the financials finally get the boost that investors in that space have been waiting on?
U.S. Senator Elizabeth Warren, a Massachusetts Democrat, has been a dogged critic of Wells Fargo's board since a series of scandals emerged beginning in 2016 stemming from an alleged corporate culture of overly aggressive sales practices.
Here's what you need to know now for Thursday, May 10.
Wells Fargo, led by CEO Tim Sloan, is struggling to recover from a series of scandals stemming from an alleged corporate culture of aggressive sales practices, including the opening of millions of unauthorized accounts on behalf of customers and selling them unnecessary auto insurance. In a presentation Thursday, Sloan said the company's turnaround plan is hinged partly on improving customer service.
The stock market waged a surprising rally on Tuesday. Should investors go all in or stay patient in what has been a sideways trade for some time?
In this month's Trading Strategies session, our panelists tackled everything from the financial sector's selloff after earnings season to the midterm elections. In the clip above, they talk about why tech is still working for now and whether we may have several years of bad earnings. So watch now!
In this month's Trading Strategies session, our panelists tackle the financial sector and how it sold off after earnings season. So should you get back into the sector now? Watch!
The optimism about trade with China is what truly inspires a rally like today coupled with a benign route for rates to go higher.
In this month's Trading Strategies session, our panelists tackled everything from the financial sector's selloff after earnings season to deregulation to the midterm elections. And of course, how all of that affects your portfolio. So watch now!
Sales at Goldman Sachs could be poised to get stronger, suggests one well-known banking analyst.
In this month's Trading Strategies session, our panelists dissected the "sell-in-May-and-go-away" mantra. Does history prove it holds true? Watch now!
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