Fargo

Wells Fargo building in San Francisco.Source: CNBCWells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock.The company also said its board of directors approved a previously announced dividend increase, to 35 cents per share from the previous 30 cents. The sum is payable on Sept. 1 to shareholders of record on Aug. 4.Wells Fargo's stock rose more than 3% in extended trading Tuesday.The moves come after the bank beat second-quarter earnings and revenue expectations, driven by a 29%…

Hey guys, if you are reading this you are probably looking for a summer intern at Wells Fargo, or in general any company in that way (because I honestly just wanted to get into any company, it didn’t really matter which one). Well, kudos to your determination.I’ll give you guys a history of myself so you don’t get confused. I took PCMB in class 12th, then ended up taking ECE at the National Institute of Technology Karnataka (kind of a big-shot college for engineering XD). So, technically my knowledge of computers is as…

The Wells Fargo fine involved a trade finance platform called Eximbills. Photo: David Paul Morris/Bloomberg News…

Wells Fargo visited our campus to recruit FTE and interns in the month of August. The entire process was conducted virtually and comprised 3-4 rounds. Out of the 270+ students who applied, around 140 were shortlisted and allowed to sit for the coding round. The shortlisting was done on the basis of CGPA and resume.The coding round was hosted on the AMCAT platform and comprised 3 sections: English Business Analytics and Data interpretation CodingThe English section comprised paragraph-type questions where you had to pick a…

A half-block in Uptown has been sold to a developer planning to construct apartments. The west side of the 1700 block of Grant Street sold for $11 million in December to AMFP VI Grant LLC, an entity that lists an office address corresponding to that of New York-based Abacus Capital Group. The site’s two parcels — technically 1717 and 1775 Grant St. — add up to 1.44 acres, making the deal worth $175 a square foot. Abacus, which also paid $16 million in 2021 for a development site in the Fox Park section of Globeville,…

Wells Fargo on Tuesday said it expects Walt Disney (DIS) to "come out swinging" when the entertainment conglomerate reports fiscal first-quarter results early next month. At the Club, we're slightly more cautious and will be looking closely for a detailed turnaround plan from CEO Bob Iger. When Disney releases its first-quarter earnings on Feb. 8, analysts expect earnings-per-share to come in at 80 cents a share, down 24.5% from the same period last year, while total revenue should climb 7% year-over-year, to $23.35…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. Stick with Wells Fargo Initiating CAT, selling SBUX Buy Emerson Electric 1. Stick with Wells Fargo Jeffries and Piper Sandler on Tuesday both downgraded Wells Fargo (WFC) to the equivalent of a hold, citing concerns over the bank's lower-than-expected forecast for net interest income in 2023. Wells Fargo reported fourth-quarter results on Friday. However, we disagree with…

Improve Article Save Article Like Article Improve Article Save Article Hi everyone! Hope all of you have prepared well for this placement season.In the first week of January, Wells Fargo visited our campus for the Program Associate role. The process had three rounds.Online Assessment: Resume shortlisting was done and the shortlisted students (primarily CGPA based) got the test link. The Online Assessment was conducted on AMCAT and had three sections:Verbal Aptitude: The questions were from ‘Reading Comprehensions’,…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. Look to trim in an overbought market Don't sell Wells Fargo Hold onto Estee Lauder 1. Look to trim in an overbought market Stocks were mostly down Friday, pressured by a decline in financials after several major banks reported fourth-quarter results. The S & P 500 fell 0.42% in midmorning trading. It's likely that the overbought nature of the market – our trusted S &…

WASHINGTON — Consumer banking giant Wells Fargo was ordered to pay $3.7 billion in fines and refunds to customers by U.S. government regulators, the largest fine to date against the bank, which has spent years trying to rehabilitate itself after a series of scandals tied to its sales practices. The amount is nearly quadruple the previous $1 billion penalty that Wells Fargo paid in 2018 to cover widespread consumer law violations. The Consumer Financial Protection Bureau on Tuesday ordered Wells to repay $2 billion to…