Wells Fargo & Company is scheduled to release earnings before Friday's open. The stock just hit a record high of $66.31 in 2018 and is currently trading near $56.61/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. Earnings Preview: What To Expect From Wells Fargo On Friday Wells Fargo & Co (WFC) earnings preview: revenue decline to be seen What will you expect?
It's funny you should ask...I have covered calls on WFC for $52.50 and at $65. I'm covered both ways as long as they hold their dividend.
Will Wells Fargo Advisors force brokers to become salesmen only? Some of Wells Fargo Advisors 14,000 reps and advisers were buzzing Thursday, a day after Yahoo Finance published a story that reported that 200 private bankers who work with the firm's richest clients have been pushed by management to work more as salesmen. The changes over the past few years include private bankers being labeled investment strategists rather than investment managers, with their focus on managing clients. Actual investment management was handled by service centers in Las Vegas, Charlotte, and elsewhere. (Investment News)
Judge dismisses amended complaint in Wells Fargo stock-drop case A U.S. District Court judge in Minneapolis dismissed for the second time a lawsuit by participants in the 401(k) plan of Wells Fargo & Co., saying plaintiffs failed to prove their complaints of fiduciary breaches regarding the management of a company stock fund within the plan. (Investment News)