Higher rates will benefit this bank

WELLS FARGO & CO. $39 remains a buy. The bank (New York symbol WFC; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $148.2 billion; Dividend yield: 2.6%; Dividend Sustainability Rating: Average; www.wellsfargo.com) is third-largest banking firm in the U.S., with total assets of $1.94 trillion.
Due to… Read More

Use these key updates to build your returns

WELLS FARGO & CO. $51 remains a buy. The bank (New York symbol WFC; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $193.8 billion; Dividend yield: 2.0%; Dividend Sustainability Rating: Average; www.wellsfargo.com) had total assets of $1.95 trillion as of December 31, 2021. That makes it… Read More

Look for more dividend hikes in 2022

The U.S. Federal Reserve recently ended the restrictions it placed on banks due to COVID-19. As a result, both of these banks have raised their dividends and announced new share buybacks. The likelihood of higher interest rates will also give them more room for dividend… Read More