Due to the virus or due to their Arctic investment? Wells Fargo (NYSE:WFC) has taken a chainsaw to its dividend. This compares to the … share.
Log in or sign up to leave a … save hide report. "Our view of the length and severity of the economic downturn has deteriorated considerably from the assumptions used last quarter, which drove the $8.4B addition to our credit loss reserve in the second quarter," said CEO Charlie Scharf.Q2 loss of 66 cents per share vs. consensus estimate for a loss of 10 cents per share and EPS of 57 cents in Q1.Q2 net interest income (FTE basis) of $9.9B vs. consensus of $10.4B and $11.3B in Q1.Q2 provision for credit losses for loans were $9.57B vs. $3.83B in Q1. Wells Fargo just reversed my dividend.
9 comments. Wells Fargo Reverse Convertible 2019-14.07.21 (Exp.12.07.21) on S&P 500 Series A (WFC-21D) Payout Estimation Logic Estimates are provided for securities with at least 5 consecutive payouts, special dividends not included.
Is anyone experiencing the reverse? Compares with $3.1B reserve build in Q1.
The next dividend for WFC is projected to be 0.51.
Is anyone experiencing the reverse?Companies don't really just reverse dividends lol, it's already been declared. Wells Fargo's next ex-dividend date is projected to be between 5-Aug - 7-Aug. Due to the virus or due to their Arctic investment? Wells Fargo & Co. plans to cut its dividend, breaking with all of the biggest Wall Street banks, after the Federal Reserve last week set new restrictions on the payouts. Wells Fargo Offers Great Value With Its 6.8% Dividend Yield WFC stock has an attractive dividend yield as the dividend is likely to pass the upcoming stress test By Mark R. Hake , … Wells Fargo (NYSE:WFC) slashes its dividend to 10 cents a share from 51 cents and boosts its credit loss reserves by $8.4B.. On their website, they reason the reverse could be due to rate change.Maybe Robin Hood plans to give it to the poor?Robinhood explains dividend reversal here: Close. Wells Fargo will reduce its dividend from the 51 cents per share it will pay in the second quarter to a third-quarter figure it will reveal July 14 in its earnings statement, the bank said Monday. Posted by 17 days ago. 30% Upvoted. 0.
Compares with $3.1B reserve build in Q1. Call your broker and clarify because I'm sure it's just a mistake.Welp, since i use Robinhood and with the outage yesterday, i am still on guard.Did you short sell it or loan it out or something?Nope, i just let it sit there.
The company announced Tuesday that its board of directors formally declared a quarterly common stock …
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