Investment

Latest Posts

Wells Fargo Slashes Dividend Amid Rising Loan Losses 

Mar 06, 2009By

Wells Fargo & Co. [stock WFC][/stock] became the last major commercial bank to cut its dividend amid mounting pressure from bad mortgages and related loans on its books Friday morning, cutting its quarterly common stock dividend 85 percent, from $.34 to $.05 per share.

What's New?
Updated 2 months ago
manage feed