Tag: Yahoo Finance

There Are Too Many Problems With Wells Fargo Stock

There are huge red flags these days surrounding Wells Fargo (NYSE:WFC) and Wells Fargo stock. The beleaguered bank has been lagging behind its competitors in the big bank space, and now its dividend is in danger, too.Source: Kristi Blokhin / Shutterstock.com It's true that a frothy dividend is the only reason to hold WFC stock. But there are many other reasons to avoid this company, even if it manages to leave that dividend yield intact.All in all, there's very little support for WFC these days.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wells Fargo's History Is SpottyAs I've made clear in the past, I'm not a big supporter of big banks. Based on my previous work in the Federal Reserve, I can't trust their accounting.Wells Fargo has a checkered history, at best. It's been in trouble with financial regulators and Congress for years, dating back to the mortgage crisis...

Grubhub Jumps on Deal Inquiries From Just Eat, Delivery Hero

(Bloomberg) -- Grubhub Inc. shares jumped after news that Europe’s Delivery Hero SE and Just Eat Plc expressed interest in exploring a deal.Uber Technologies Inc. has also been in talks with Grubhub about an acquisition, Bloomberg reported last month. CNBC reported Friday on interest from the other two companies, and Grubhub’s stock jumped more than 7%.Although the European companies have made inquiries, the talks with Uber are far more advanced, two people familiar with the matter said. Spokespeople for Delivery Hero and Just Eat declined to comment, and a spokesperson for Grubhub didn’t immediately respond to a request for comment.Food delivery has surged during the pandemic as health and government restrictions have kept many restaurants closed and people at home. However, the food delivery apps are still struggling to turn a profit. Companies compete to attract customers and restaurants by offering discounts to win market share, similar to the dynamic that...