Broker recommendations for Wells Fargo & Co.
The Wells Fargo & Co. stock is rated at 1.982143 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Friday 31 July, 2020 by a total of 28 brokers. This means that the consensus of the 28 different brokers is leaning toward to hold.
5 (17.86%) Underweight
0 (0%) Hold
17 (60.71%) Overweight
1 (3.57%) Buy
A former Salesforce exec left to build a startup that solved two key problems customer service reps faced on the platform. Now, a decade later, she’s partnering with the cloud giant to make financial communication more personal
Tuesday, 4 August 2020, 21:39:13
Hearsay Systems allows financial advisors and insurance agents to have a more personal relationship with clients while still keeping their communication secure and compliant. CEO Clara Shih founded the company after working at Salesforce for three years and realizing that digital customer relationships often lost the personal touch that an advisor offers. Almost a decade later, Shih’s startup is deepening its partnership with Salesforce, as digital personalized customer service is valued more than ever during the coronavirus pandemic. Ther partnership will improve Hearsay’s app on the AppExchange and develop more integrations and data sharing features between Salesforce and Hearsay, Shih said. Click here to read more BI Prime stories. When Clara Shih led product marketing for Salesforce’s AppExchange for three years in the late 2000s, she saw two glaring problems: First, Salesforce’s customer relationship management system lacked tools allowing agents to update a customer’s profile based on personal conversations with them.
— Business Insider
As Bearish Echo on Dollar Builds, Wells Fargo Says Next Move Likely No Move
Tuesday, 4 August 2020, 21:13:33
Big Law may have dodged a catastrophe in 2020, but the next 6 months are critical. Law firm leaders predict how the rest of the year will play out.
Tuesday, 4 August 2020, 19:46:24
Law firms tightened their belts in March and sought credit, preparing for short-term cash shortfalls by as much as 50%. But from April through June, many of the biggest law firms were comfortably above those thresholds, with attorneys specializing in employment advice, bankruptcy and other in-demand practices kicking into high gear as dealmaking slowed down. Still, law firms aren’t out of the woods yet, with some fearing that a struggling economy could dog them for months. Visit Business Insider’s homepage for more stories . The biggest law firms in the US planned for the worst when the pandemic hit. Retreats were cancelled, salaries were slashed, profit distributions were delayed and staff were furloughed at some of the highest-grossing firms. Leaders drew up plans for 20%, even 50% drops in business. For the most part, though, that hasn’t happened. Recent interviews and surveys suggest that a typical Big Law firm saw revenue drops in the single percentage points, with Wells Fargo saying demand — hours worked, in industry jargon — fell just 1.4% in the first five months of the year.
— Business Insider
US Banking Digital Trust Study: Which US banks have the highest levels of digital trust among consumers
Monday, 3 August 2020, 14:00:00
This is a preview of Business Insider Intelligence’s US Banking Digital Trust Report 2020 . The full report will be available to Business Insider Intelligence enterprise clients in late April. To learn more about this report, email Business Insider Intelligence Client Services at [email protected] . The US banks with the highest levels of digital trust in 2020 are PNC, Chase, and Citibank, according to Business Insider Intelligence’s inaugural Banking Digital Trust study. Digital trust is the confidence that consumers place in their banks’ digital channels — and that confidence is more important now than ever. As the coronavirus pandemic sparks branch closures , digital banking outages , and fraud schemes , trust is being put to the test on multiple levels. Building digital trust could unlock valuable benefits for banks, including increased satisfaction, engagement, and customer lifetime value. Respondents who rated their bank above average in digital trust ratings considered themselves likely to open their next account at the bank at more than twice the rate of those with low trust (22.6% versus 10.4%).
— Business Insider
2020 HW Woman of Influence: Crystal Sumner
Monday, 3 August 2020, 06:01:55
Crystal Sumner played an instrumental role in growing Blend’s customer base to more than 225 lenders while brokering contracts with Wells Fargo and U.S. Bank. The post 2020 HW Woman of Influence: Crystal Sumner appeared first on HousingWire .