Wells Fargo caps role in coronavirus rescue program at $10 billion [Yahoo! Finance News]
Allspring Global Dividend Opportunity Fund Common Shares of Beneficial Interest (EOD)
US:NYSE Investor Relations:
wellsfargofunds.com/ip/products/closed-end-funds/overview.html?accountingid=2lsc&shareclass=closed-end
Company Research
Source: Yahoo! Finance News
Wells Fargo Bank branch is seen in New YorkBy Imani Moise) - Wells Fargo & Co said late Sunday that it will cap its participation in the U.S. government's small business coronavirus rescue program at $10 billion due to regulatory constraints.The $350 billion loan program, which launched on Friday, will provide low-interest loans to help small businesses cover payroll and other fixed costs such as rent, mortgages and utilities over the next eight weeks."While we are actively working to create balance sheet capacity to lend, we are limited in our ongoing ability to use our strong capital and liquidity position to extend additional credit," Chief Executive Charlie Scharf said in a statement.The Federal Reserve in early 2018 ordered Wells Fargo to keep its assets below $1.95 trillion, until it had improved its governance and risk controls following a wave of sales practice scandals. The bank started 2020 with roughly $20 billion of room under the cap, according to filings.Wells Fargo, the
Show less
Read more
Impact Snapshot
Event Time:
EOD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EOD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EOD alerts
High impacting Allspring Global Dividend Opportunity Fund Common Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics