Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Wells Fargo (NYSE: WFC)

Thrift

Did Wells Fargo (WFC) Make money in the Pandemic?

 
Thus, Wells Fargo serves middle America and ordinary Americans. If ordinary Americans suffer, Wells Fargo suffers. So how is Wells Fargo doing? After all, many Americans are suffering because of the COVID-19 pandemic and economic downturn.

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Good Stocks

Are the Monster Banks making Money at Wells Fargo & Bank of America?

Hence, the two monster banks’ revenue growth rates were shrinking before coronavirus. Now that revenue growth is collapsing rather than shrinking.

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Opportunities

Is Warren Buffett right about Wells Fargo?

Consequently, Wells Fargo has serious management and ethical problems. Hence, Buffett could be smart to dump this stock.

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Crazy Stocks

Wells Fargo and the Future of Monster Banking

The potential challenges Wells Fargo faces are vast. The greatest of these is falling revenues, which probably reflects the growing implosion of the mortgage market.

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Good Stocks

US Bancorp Gets Better

There’s also less exposure to the mortgage market which is still on some very shaky ground. U.S. Bancorp controlled around 2.8% of the mortgage in first quarter 2017, compared to the 16.3% that Wells Fargo owned, Forbes Great Speculations pointed out.

The volume of mortgage originations is falling dramatically dropping from $561 billion in 3rd Quarter 2016 to $361 billion in Quarter One 2017. That’s a decline of more than $35% or $200 billion in just six months.

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Cryptocurrency

Wells Fargo lets Android Pay and Apple Pay customers Get Cash from ATMs

Alipay has a secret weapon in its’ American invasion, Chinese visitors to the United States 400 million of whom use Alipay back home.

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Opportunities

Wells Fargo Allows Android Pay and Apple Pay Withdrawal at ATMs

The banking giant has plans to modify 13,000 ATMs to accept near field communications (NFC) apps such as Apple Pay, Samsung Pay, Android Pay and Microsoft Wallet, TechCrunch reported. Around 5,000 ATMs can already accept NFC signals and they have been programmed to accepted Apple Pay, Android Pay and Samsung Pay.

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Long Ideas

Bank of America and the Uncertain Future of Consumer Banking

The uncertain future of Bank of America (NYSE: BAC) is threatened by the changing nature of consumer banking. The biggest

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Good Stocks

Is Bank of New York Mellon the best Value in FinTech?

Bank of New York Mellon is not just a bank with offices in Manhattan it is a FinTech play. BNY Mellon is one of four major banks developing the Utility Settlement Coin or USC, with the technology companies Icap and Clearmatics, Crowdfund Insider reported.

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