A leading U.S. lawmaker has a message for Wells Fargo: Quit dodging our questions.
U.S. Senator Sherrod Brown blasted Wells Fargo on Friday for “stonewalling” on questions related to the bank’s creation of as many as 2 million fake accounts.
Wells Fargo’s failure to adequately respond in writing to key questions from lawmakers, according to Brown, explains why “so many hardworking Americans believe the system is rigged against them and in Wall Street’s favor.”
For instance, Wells Fargo (WFC) has yet to tell the Senate Banking Committee precisely when former CEO John Stumpf first learned of the illegal sales activity.
Brown said he will “do everything in my power” to make sure the Senate Banking Committee keeps pushing to “get to the bottom” of the Wells Fargo scandal.
In response to Brown’s criticism, Wells Fargo told CNNMoney: “We appreciate the role of Congress and we will continue our efforts to be responsive to lawmakers.”
Wells Fargo noted it has worked to fix problems uncovered by the scandal, including by eliminating controversial sales goals and hiring new leadership.
Hot Bank Stocks To Invest In 2017: NextEra Energy Partners, LP(NEP)
- [By Dustin Parrett]
Share PriceYTDMarket CapClayton Williams Energy Inc. (NYSE: CWEI)$138.8216.4%2.4BDiamondback Energy Inc. (Nasdaq: FANG)$106.365.42%$9.38BWestern Gas Partners LP (NYSE: WES)$65.6411.71%$9.67BTesoro Logistics LP (NYSE: TLLP)$59.3416.79%$6.25BResolute Energy Corp. (NYSE: REN)$46.0811.87%$931.13MAntero Midstream Partners LP (NYSE: AM)$34.9813.28%$6.4BExterran Corp. (NYSE: EXTN)$33.9942.22%$1.19BDominion Midstream Partners LP (NYSE: DM)$32.9011.34%$2.6BNextEra Energy Partners LP (NYSE: NEP)$31.1922.12%$1.68BArchrock Inc. (NYSE: AROC)$16.0021.21%$1.12B
While some of these stocks have performed well, we arent recommending this list of natural gas stocks. Thats because we arent interested in stocks that have already peaked at Money Morning; were interested in the next big winner. And we have one that could surge in 2017
- [By Travis Hoium]
Leading the charge are two yieldcos — NextEra Energy Partners (NYSE:NEP) and 8point3 Energy Partners (NASDAQ:CAFD) — and utility company AES Corporation (NYSE:AES). Here’s a look at why they’re good dividend stocks to own today.
Hot Bank Stocks To Invest In 2017: Atkore International Group Inc. (ATKR)
- [By Spencer Israel]
3. Atkor International Group Inc (NYSE: ATKR) – Five of the six analyst ratings on the manufacturing holding company have been bullish. With the stock showing very strong technical support at $16, and currently trading at $16.68, Stockal's confidence meter is at 90%.
- [By Ben Levisohn]
Flexing the barbell strategy to balance Safe Havens with more cyclical exposures. In our view, industrials investors should be positioning their portfolio with a barbell strategy, with half of the exposure in Safe Havens like General Electric, Xylem (XYL), Danaher, Honeywell International, Roper Technologies (ROP), and AMETEK (AME), and the other half selectively in the cyclical names that are better positioned today, such as Pentair, HD Supply Holdings (HDS),Actuant (ATU), Atkore International Group (ATKR), Ingersoll-Rand, and Eaton (ETN). We still believe risk-reward is mostly balanced and that the macro will remain choppy into 2017, supporting a positioning in the defensive names. But if investor sentiment improves on not-worse news and earnings results, the more cyclical names could fare better.
Hot Bank Stocks To Invest In 2017: Towerstream Corporation(TWER)
- [By Lisa Levin]
Towerstream Corporation (NASDAQ: TWER) shares were also up, gaining 9 percent to $3.49. Towerstream is scheduled to report Q2 financial results on August 9, 2016.