Wells Fargo & Co
‘We’re alive and kicking’: CEO of banking application Dave desires to dispel uncertainties immediately after this year’s 97% inventory plunge
Essential Points Cell banking application company Dave has sufficient funds to endure the latest downturn for fintech corporations and reach profitability a calendar year from now, according to CEO Jason Wilk. “We are hoping to dispel the myth of, ‘Hey, this firm does not have more than enough cash to make it through’,” Wilk said. […]
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‘This is such an obvious opportunity’: New Goodwill store goes live online with a Picasso print, designer handbags and other treasures
Whether consumers are looking to save or are hunting for a buried treasure, the resale business is booming. During the Covid pandemic, secondhand stores such as eBay, the RealReal and ThredUp thrived online. related investing news Holiday shoppers aren’t in a rush. What that means for retail stocks So-called recommerce grew nearly 15% in 2021 — […]
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Estee Lauder’s stock jumps as China loosens Covid rules, in line with Club investment case
Estee lauder (EL) popped after China loosened its Covid restrictions, a move we’ve long predicted. Source
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Consumers are cutting back on holiday gift buying amid higher inflation
Inflation is weighing heavily on the holidays this year. Roughly half of shoppers will buy fewer things due to higher prices, and more than one-third said they will rely on coupons to cut down on the cost, according to a recent survey of more than 1,000 adults by RetailMeNot. Though the study found many consumers […]
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Cramer expects energy stocks to rally if Republicans have a strong showing in the midterms
CNBC’s Jim Cramer said he anticipates a near-term rally in energy stocks if Republican candidates perform well in Tuesday’s midterm elections and win a majority in at least one chamber of Congress. Oil and gas companies should be among the “biggest winners” if that were to happen, Cramer said Monday night. He said shares of […]
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Sen. Elizabeth Warren phone calls Wells Fargo CEO ‘evasive,’ presses lender for fraud issues on Zelle payment system
Sen. Elizabeth Warren termed Wells Fargo CEO Charles Scharf “evasive,” declaring the bank’s responses to her concerns about fraud across the Zelle payment system had been deceptive, “insulting and ineffective.” The Massachusetts Democrat, who sits on the Senate Banking, Housing and City Affairs Committee, reported the charge of Wells Fargo customers who reported fraud or […]
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Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse
Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns that the lender will need to cut more employees as the U.S. housing slump deepens. The bank had about 18,000 loans in its retail origination pipeline in the early weeks of the fourth quarter, according to people with […]
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‘Best smidcap stock that investors don’t know about’ is in billboards and broadband, Wells Fargo says
Boston Omaha, an outdoor advertising and broadband telecom services company, is “the best smidcap stock that investors don’t know about,” according to Wells Fargo. Its other businesses include surety insurance and asset management. Wells Fargo analyst Steven Cahall raised the price target to $34 (from $27), implying shares of Boston Omaha can surge roughly 22% […]
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With the Dow outperforming, this is how investors can harness the stock index
Of the three main inventory sector indices, buyers currently favor the Dow Jones Industrial Average – notably in the wake of past week’s dismal quarterly reviews by mega cap tech companies and the subsequent promote off. That is mainly because, as Jim Cramer observed Sunday, buyers ditched Huge Tech to discover “organizations that know what […]
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Wells Fargo double downgrades Hanesbrands, says it can fall 30% on macro and balance sheet pressures
Sock and underwear maker Hanesbrands could fall more than 30% as it faces several major business challenges, Wells Fargo said in a double downgrade of the stock. Analyst Ike Boruchow lowered his rating of Hanesbrands to underweight from overweight, slashing his price target to $5, saying the North Carolina company must deal with increasing macroeconomic […]
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