Bank wealth management morning market briefs highlight bank

Morning market briefs highlight bank wealth management as a safe-haven sector amid geopolitical uncertainty, supported by diversified income streams and stability in capital adequacy ratios. “She’s a proven leader and thoughtful collaborator. We’re thrilled to welcome her to our leadership team.” Wells Fargo & Company ( NYSE:WFC - Get Free Report ) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.13. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.83 billion. Wells Fargo & Company had a return on equity of 12.29% and a net margin of 16.82%.The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 earnings per share. On average, equities research analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current year. Wells Fargo & Company Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 8th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 8th. Wells Fargo & Company's dividend payout ratio is currently 30.82%. Wells Fargo & Company Company Profile ( Free Report ) Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Featured Articles Five stocks we like better than Wells Fargo & Company What is a Low P/E Ratio and What Does it Tell Investors? Why the Precious Metal Nobody Talks About Could Be Your Best Bet Most Volatile Stocks, What Investors Need to Know Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback High Dividend REITs: Are They an Ideal Way to Diversify? 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company ( NYSE:WFC - Free Report ). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in Wells Fargo & Company Right Now? Before you consider Wells Fargo & Company, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wells Fargo & Company wasn't on the list. While Wells Fargo & Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company. Get This Free Report Recent market data suggests bank wealth management units saw a 12% uptick in fee income from asset management services in April, driven by high-net-worth client demand. Sector forecasts imply continued bullish momentum if Fed rate cuts materialize in late Q