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Stock Market & Financial Investment News

News Breaks
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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January 26, 2015
12:49 EDTWFCFederal Reserve discloses plan to improve U.S. payment system, WSJ reports
The Federal Reserve released a plan that would improve the U.S. payment system, saying the current outlook, which covers banking, checking, credit cards and online transactions is fragmented and outdated with respect to new technologies that may harm consumers, the Wall Street Journal reports. The Federal Reserve invited banks, credit card companies and payment processors to coordinate efforts. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
07:45 EDTWFCFifth Third Bancorp to buy back $180M of stock from Wells Fargo
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January 23, 2015
07:23 EDTWFCBass does not expect large U.S. banks to break up
Publicly traded companies in the space include Bank of America (BAC), Citi (C), JPMorgan (JPM), and Wells Fargo (WFC). Kyle Bass of Hayman Capital continues speaking on CNBC.
06:42 EDTWFCU.S. banks preparing for prolonged low bond yields, Reuters says
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January 22, 2015
14:36 EDTWFCCFPB fines Wells Fargo, JPMorgan for kickback scheme
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January 16, 2015
16:36 EDTWFCMarket finishes week lower on continued oil, global growth worries
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