Oscar Health could be primed for big gains after a tough year, according to Wells Fargo. Analyst Stephen Baxter upgraded the stock to overweight from equal weight, but lowered his price target, saying the outlook for the health insurance company appears “favorable” after the stock cratered 63% in 2022. “While
Property finance loan volumes at Wells Fargo slowed further in the latest months, leaving some employees idle and sparking fears the financial institution will have to have to cut extra staff as the U.S. housing slump deepens.
The lender experienced about 18,000 financial loans in its retail origination pipeline in
Wells Fargo reported Friday that second-quarter earnings declined 48% from a 12 months before as the lender established aside money for negative financial loans and was stung by declines in its equity holdings.
Here is what the enterprise claimed as opposed with what Wall Street was expecting, centered on a
Wells Fargo landed in hot water several years ago when it was revealed that employees had created millions of fraudulent accounts in order to make their sales targets.
Increased consumer acceptance of online banking, where customers can expect better interest rates and mobile apps, has also posed a problem for
Rating Action: Moody’s affirms seven classes of WFCM 2018-C47Global Credit Research – 16 Mar 2021Approximately $745 million of structured securities affectedNew York, March 16, 2021 — Moody’s Investors Service, (“Moody’s”) has affirmed the ratings on seven classes in Wells Fargo Commercial Mortgage Trust 2018-C47 (“WFCM 2018-C47”), Commercial Mortgage Pass-Through Certificates,
Wells Fargo will sell its asset management business to two private equity firms for $2.1 billion. The deal announced Tuesday is the first major sale of CEO Charlie Scharf’s drive to simplify the sprawling bank.
Chicago-based GTCR and New York-based Reverence Capital Partners will buy Wells Fargo Asset Management from
Bestow has agreed to buy Centurion Life Insurance, becoming the latest insurtech to scoop up an insurance carrier.
Centurion, of Des Moines, Iowa, is a life-insurance company that’s licensed in 47 states and the District of Columbia. Centurion has been in runoff for several years—meaning it’s
Wells Fargo WFC has agreed to divest Centurion Life Insurance to Bestow, a digital life insurance platform. Terms of the deal, pending regulatory approvals, were not disclosed.
Dallas-based Bestow introduced an entirely digital platform in its home state of Texas, which uses data and algorithms to significantly reduce the time
Just weeks after
agreed to buy
is weighing the sale of its asset management business, two people familiar with the situation said.
Bids for Wells Fargo Asset Management are due next week, these people said. Wells Fargo (ticker: