Today, Goldman Sachs & Co. issued an influential “buy” investment rating for Wells Fargo & Co. But the reasoning for it seems a bit offline to what Wells sees as its best opportunity in 2016: wealth management. Goldman analyst Richard Ramsden, in issuing the “buy” rating today, cited as theRead More
Post Tagged with: "WFC"
Transparency took a left hook to chin yesterday when Wells Fargo & Co. chose to withhold a crucial piece of its financial data. Specifically, Wells Fargo for the first time in at least two years refused to disclose the exact number of its active mobile banking users. Instead, Wells FargoRead More
Mobile banking ain’t growing like it used to. A deep look mobile banking at the Big 3 banks — Bank of America, Wells Fargo & Co. and JPMorgan Chase & Co. — finds user growth easing. The banks had a total of 51.8 million mobile banking users at the end ofRead More
You bank with your smartphone or tablet. I bank with my smartphone and tablet. Everyone you know banks with her smartphone or tablet. Finally, one of the nation’s four major banks admits that mobile banking is changing the face of financial services. In last Friday’s earnings call, John Stumpf, chairmanRead More