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Wells Fargo Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on Wells Fargo. Looking at options history for Wells Fargo (NYSE:WFC) we detected 24 strange trades. If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
MARKETS
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Bank of America Corp. stock falls Thursday, underperforms market

Shares of Bank of America Corp. (BAC) slid 1.49% to $45.75 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index (SPX) falling 1.10% to 4,482.73 and Dow Jones Industrial Average (DJIA) falling 0.89% to 34,715.39. Bank of America Corp. closed $4.33 short of its 52-week high ($50.08), which the company achieved on January 10th.
STOCKS
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TRENDING TOPICS
tipranks.com

OCC Lifts 2015 Consent Order on Wells Fargo; Street Says Buy

Wells Fargo & Company (WFC) announced that the Office of the Comptroller of the Currency (OCC) has terminated the 2015 consent order that involved add-on products which the American multinational financial services company sold to retail banking customers before 2015. Wells Fargo said that it stopped dealing in the products in 2017.
ECONOMY
investing.com

U.S. Stock Futures Move Lower as Wall Street Extends Losses

Investing.com - U.S. stock futures continued their decline in early APAC deals on Friday after major benchmark indices retreated broadly during Thursday's session as the prospect of rising interest rates pressured technology stocks. During Thursday’s regular deals, the Dow shed 313.26 points, or 0.89% to 34715.4, the S&P 500 declined...
STOCKS
investing.com

U.S. Stock Futures Flat As Nasdaq Enters Correction

Investing.com - U.S. stock futures were lower in early APAC deals on Thursday, after major benchmark indices extended declines during regular trade, with the Nasdaq Composite falling more than 10% from its November high as investors continue to dump tech shares amid forecasted rate hikes from the Federal Reserve. On...
STOCKS

Bank of America Corp. stock rises Wednesday, outperforms market

Shares of Bank of America Corp. (BAC) inched 0.39% higher to $46.44 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index (SPX) falling 0.97% to 4,532.76 and Dow Jones Industrial Average (DJIA) falling 0.96% to 35,028.65. The stock's rise snapped a four-day losing streak. Bank of America Corp. closed $3.64 short of its 52-week high ($50.08), which the company achieved on January 10th.
STOCKS
advfn.com

Wells Fargo Says OCC Terminates Consent Order on Retail Banking Add-On Products

Wells Fargo & Co. said the Office of the Comptroller of the Currency terminated its consent order from June 2015 regarding add-on products that the company sold to retail banking customers before 2015. The financial services company said it continues to focus on resolving legacy regulatory issues. In September 2021,...
RETAIL
humbledollar.com

Tale of the Tape

MY PORTFOLIO GAINED some 4% in 2021. While I certainly didn’t expect to match the S&P 500’s impressive 28.6% performance, I was surprised at how low my return actually was. This surprise is a lesson unto itself: We often overestimate our own performance. There’s a number of reasons...
STOCKS
americanbankingnews.com

Research Analysts Issue Forecasts for Wells Fargo & Company’s Q1 2022 Earnings (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) – Jefferies Financial Group lifted their Q1 2022 earnings per share estimates for shares of Wells Fargo & Company in a report released on Monday, January 17th. Jefferies Financial Group analyst K. Usdin now forecasts that the financial services provider will earn $0.92 per share for the quarter, up from their previous estimate of $0.91. Jefferies Financial Group currently has a “Buy” rating and a $57.00 target price on the stock. Jefferies Financial Group also issued estimates for Wells Fargo & Company’s Q2 2022 earnings at $1.01 EPS, Q3 2022 earnings at $1.07 EPS, Q1 2023 earnings at $0.94 EPS, Q2 2023 earnings at $1.10 EPS, Q3 2023 earnings at $1.18 EPS and Q4 2023 earnings at $1.18 EPS.
FINANCIAL REPORTS
investing.com

Amazon Gains on Entry into Offline Retail of Clothing, Shoes

Investing.com – Amazon stock (NASDAQ:AMZN) was up 0.5% in Thursday’s premarket as traders warmed up to the company making a foray into offline retail of clothing, shoes and accessories. The world’s largest online retailer is launching a clothing store in Los Angeles suburb of Glendale later this year....
RETAIL

This Storage Unit Stock Has A Better 1-Year Return Than Microsoft, Apple, Starbucks And Moderna

Public Storage (NYSE: PSA) helps organize and store your belongings, and over the past year delivered astonishing returns. Since January 2021, Public Storage stock’s one-year return has outperformed several of the world’s most popular tech and growth stocks: Microsoft Corporation (NASDAQ: MSFT), Apple Inc (NASDAQ: AAPL), Wells Fargo & Co (NYSE: WFC) and Moderna Inc (NASDAQ: MRNA).
STOCKS
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