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May 20, 2014
10:14 EDTWFCWells Fargo targeting net payout ratio of 55%-75%
Wells Fargo targeting a net payout ratio of 55%-75%, an efficiency ratio of 55%-59%, ROA of 1.3%-1.6% and ROE of 12%-15%. The bank says its targets depend on the overall economic, interest rate and evolving regulatory environment and assume continued annual revenue and earnings growth over time. Wells is targeting further increases in its return of capital to shareholders. Information from slides to be presented at investor day meeting.
News For WFC From The Last 14 Days
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May 6, 2015
08:49 EDTWFCBlackRock has held talks with banks over CDS clearinghouses, Bloomberg says
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May 5, 2015
12:13 EDTWFCWells Fargo sued by Los Angeles over 'unlawful conduct,' LA Times reports
Wells Fargo has been sued by the city of Los Angeles, which accuses the bank of driving employees to open unauthorized customer accounts, charging them "bogus" fees and damaging their credit, The LA Times reports. The civil complaint claims Wells Fargo encouraged employees to engaged in "unfair, unlawful and fraudulent conduct." Reference Link
07:16 EDTWFCNational Cable & Telecommunications Association to hold an expo
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May 1, 2015
16:59 EDTWFCWells Fargo CEO: Mortgage market good, but not booming
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April 30, 2015
06:26 EDTWFCBanks, government dispute 'aggressive' foreign-bribery laws, WSJ reports
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April 29, 2015
06:14 EDTWFCSEC proposal would inform investors how pay aligns with results, WSJ reports
The SEC is today set to propose long-awaited rules that would force thousands of companies to inform investors how the pay of top management aligned with the firm's financial results, The Wall Street Journal reports. If approved, companies would have to include a table in their annual proxy filings disclosing "actual pay" of top executives. Reference Link
April 28, 2015
14:08 EDTWFCWells Fargo raises quarterly dividend 7% to 37.5c
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April 23, 2015
07:03 EDTWFCCapital Link to hold a forum
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