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The latest trading day saw Wells Fargo (WFC) settling at $87.96, representing a -2.23% change from its previous close.
Wells Fargo preferred Series L offers a 6.55% yield with robust coverage, supported by strong Q2 2026 earnings. WFC's net profit of $6.4B and preferred dividends at just 4% of profits highlight low default risk for preferred holders. The "busted" Series L preferred shares are non-callable, with a remote conversion feature, making them a compelling long-term fixed income play.
On September 1, shareholders of three companies spanning oil refining, retail, and banking all received dividend checks on the same day, but two of those checks arrived at a rate investors had never seen before.
Investors are taking their money to the banks.
The stablecoin market could be headed for a major competitive shake-up as some of the world's largest financial institutions move beyond experimentation and prepare to compete directly for blockchain-based payments and liquidity.
The institutions that crypto was built to destroy are now racing to control its most important financial primitive. What happens to the rebellion when the banks become the infrastructure?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Jim Cramer thought Caterpillar gave a viewer's portfolio real diversification until he looked closer and realized one quiet shift in the company's business had turned it into something else entirely.