Wells Fargo (WFC) Mulls to Discontinue Rent Credit Card [Yahoo! Finance]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
Check Earnings Report
US:NYSE Investor Relations:
wellsfargo.com/about/investor-relations
Company Research
Source: Yahoo! Finance
After misestimating key revenue generators, the bank is renegotiating the agreement with Bilt Technologies. Launched in 2022, Well Fargo's co-branded credit card came with an attractive feature. Cardholders can use it to pay rent without having to pay landlord fees while also earning rewards points that can be spent on travel, goods and so forth. Wells Fargo apparently expected that the card would appeal to young individuals who would use it for shopping, rent payments and debt carrying, giving the bank the opportunity to generate profit from interchange fees and interest charges. It turned out that cardholders were wiser with their purchases than anticipated. It has been reported that several consumers charged their rent to their credit cards and then paid it off within a few days, earning them rewards points. It is claimed that just 15% to 25% of the total amount charged to the card was carried over from month to month. In addition, very few clients used the card for discret
Show less
Read more
Impact Snapshot
Event Time:
WFC
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
WFC 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
WFC alerts
High impacting Wells Fargo & Company news events
Weekly update
A roundup of the hottest topics
WFC
News
- VenoStent Completes $20 Million Series A with $4 Million Investment from Norwest Venture Partners [Yahoo! Finance]Yahoo! Finance
- British Columbia's $168 Billion Fund Posts Big Equity Gains, Boosts Credit Bets [Financial Post (Toronto, Ontario, Canada)]Financial Post
- British Columbia's $168 Billion Fund Posts Big Equity Gains, Boosts Credit Bets [BNN Bloomberg (Canada)]BNN Bloomberg
- Exclusive: Holoclara raises $16 million Series A to develop therapeutics—with worms [Fortune]Fortune
- How DEI backlash is hurting Black-owned businesses [Yahoo! Finance]Yahoo! Finance
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 6/20/24 - Form 424B2
- 6/20/24 - Form 424B2
- 6/18/24 - Form 4
- WFC's page on the SEC website