In a letter dated Tuesday, the Democratic senator slammed CEO Tim Sloan over the bank’s “utterly inept” efforts to compensate customers after a series of scandals.
She demanded that Wells Fargo respond to a series of questions about its processes by the end of the month.
“The bank is providing the customers it harmed with inaccurate information or making them jump through hoops just to get their money back,” the letter reads. “This is an inexcusable response.”
Wells Fargo (WFC) is working to clean up after the string of blunders that followed the bank’s fake accounts scandal. The company said last year that it wrongly charged homebuyers fees to lock in mortgage rates. Wells Fargo also charged hundreds of thousands of customers for auto insurance they didn’t need.
But the bank’s attempts to square these mistakes with customers haven’t been going well.
Top 5 Blue Chip Stocks To Buy For 2021: PetroChina Company Limited(PTR)
PetroChina Company Limited, incorporated on November 5, 1999, is an oil and gas producer and distributor. The Company’s segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company is engaged in the exploration, development, production and sale of crude oil and natural gas; the refining of crude oil and petroleum products; the production and sale of basic and derivative chemical products, and other chemical products; the marketing and trading of refined products, the transmission of natural gas, crude oil and refined products, and the sale of natural gas.
Exploration and Production
The Company’s Exploration and Production segment is engaged in the exploration, development, production and marketing of crude oil and natural gas. The total area to which the Company has the exploration and mining right of oil and natural gas (including coalbed methane) is approximately 358.1 million acres, in which the area under exploration right is approximately 329.8 million acres and the area under mining right is over 28.3 million acres. The net number of wells under drilling is approximately 380. The Company produces approximately 8,520 million barrels of proved reserves of crude oil, over 77,520 billion cubic feet of proved reserves of natural gas, approximately 6,190 million barrels of proved developed reserves of crude oil and over 40,400 billion cubic feet of proved developed reserves of natural gas.
Refining and Chemicals
The Company’s Refining and Chemicals segment is engaged in the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, and derivative petrochemical products and other chemical products. The Company has processed approximately 998.1 million barrels of crude oil.
The Company’s Marketing segment is engaged in the marketing of refined products and trading business. The total number of service stations oper! ated by the Company is approximately 20,710.
Natural Gas and Pipeline
The Company’s Natural Gas and Pipeline segment is engaged in the transmission of natural gas, crude oil and refined products and the sale of natural gas. The Company’s domestic oil and gas pipelines measured a total length of approximately 77,610 kilometers, consisting of over 48,620 kilometers of natural gas pipelines, approximately 18,890 kilometers of crude oil pipelines and over 10,090 kilometers of refined product pipelines.
- [By Matthew DiLallo]
The project has been in the works for seven years but was put on hold when oil and LNG prices plunged during the recent energy market downturn. However, with those markets improving and demand for LNG growing at a brisk pace, Shell and its partners are moving forward with the project. PetroChina (NYSE: PTR), China’s largest natural gas producer, recently approved investing $3.46 billion for its 15% share of the project, following a similar approval from Korea Gas Corp. for its 5% stake. Meanwhile, Shell (40%), Malaysia’s Petronas (25%), and Japan’s Mitsubishi Corp. (15%) appear set to announce their approvals this week, according to Bloomberg. That would enable them to start construction on the project next year, putting them on track to complete the first phase by 2023.
- [By Todd Campbell]
The following table highlights the 10 biggest energy companies by market capitalization. Some of these companies operate upstream, midstream, and downstream businesses, but all of them derive the majority of their revenue from upstream operations.
Rank Company Market Cap
1 ExxonMobil $348 billion
2 Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) $286 billion
3 Chevron (NYSE:CVX) $223 billion
4 Petrochina Co. Ltd. (NYSE:PTR) $218 billion
5 Total SA (NYSE:TOT) $163 billion
6 BP Plc (NYSE:BP) $143 billion
7 China Petroleum (NYSE:SNP) $107 billion
8 Equinor ASA (NYSE:EQNR) $89 billion
9 ConocoPhillips (NYSE:COP) $84 billion
10 Schlumberger Ltd. (NYSE:SLB) $84 billion
Data source: Yahoo! Finance on Sept. 13, 2018.
- [By Max Byerly]
Gabelli Funds LLC lessened its holdings in shares of PetroChina Company Limited (NYSE:PTR) by 34.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,800 shares of the oil and gas company’s stock after selling 2,000 shares during the quarter. Gabelli Funds LLC’s holdings in PetroChina were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Logan Wallace]
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
Get PetroChina alerts:
PetroChina Continues to Increase its Reserves and Output of Oil and Gas Net Profit for the First Half of 2018 Increased 113.7% Year-on-Year (webwire.com) PetroChina Company Limited (PTR) Announces Special Dividend of $0.32 (americanbankingnews.com) China’s Natural Gas Imports Soar Despite Domestic Output Growth (finance.yahoo.com) China state oil firms clash over ownership rights – Global Times (finance.yahoo.com) China Oil Companies Report Strong First-Half Profits (caixinglobal.com)
PTR opened at $73.10 on Friday. The company has a market cap of $135.55 billion, a PE ratio of 41.07 and a beta of 1.44. PetroChina has a 52-week low of $61.87 and a 52-week high of $85.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 0.82.
Top 5 Blue Chip Stocks To Buy For 2021: Just Energy Group, Inc.(JE)
Just Energy Group Inc., through its subsidiaries, retails electricity, natural gas, and green energy in the United States, Canada, and the United Kingdom. The company operates through Consumer Energy and Commercial Energy segments. It sells primarily natural gas and/or electricity to residential and commercial customers under long-term fixed-price, price-protected, or variable-priced contracts under various trade names comprising Just Energy, Hudson Energy, Commerce Energy, Amigo Energy, Tara Energy, Green Star Energy, and TerraPass. Just Energy Group Inc. markets smart thermostats; and offers green energy products under the JustGreen name. The company markets its products through various sales channels, including door-to-door marketing, broker and affinity relationships, and online marketing. Just Energy Group Inc. was founded in 1997 and is headquartered in Mississauga, Canada.
- [By Money Morning News Team]
Canadian company Just Energy Group Inc. (NYSE: JE) is in the natural gas and electricity business. Its clients are worldwide, and its affiliates – such as Hudson Energy, Commerce Energy, and Tara Energy – boast 4.5 million customers over six Canadian provinces and 13 U.S. states.
- [By Money Morning News Team]
Canada-based Just Energy Group Inc. (NYSE: JE) is an energy firm serving global clients. About 4.5 million customers are with such well-known affiliates as Commerce Energy, Hudson Energy, and Tara Energy.
- [By Money Morning News Team]
Canada-based Just Energy Group Inc. (NYSE: JE) is a global energy firm. Its customer base totals 4.5 million, served by JE’s affiliates Commerce Energy, Hudson Energy, and Tara Energy throughout 13 states in the United States and six Canadian provinces.
- [By Max Byerly]
Just Energy Group Inc (NYSE:JE) (TSE:JE) saw strong trading volume on Wednesday . 12,482 shares were traded during mid-day trading, a decline of 96% from the previous session’s volume of 295,295 shares.The stock last traded at $3.12 and had previously closed at $3.25.
Top 5 Blue Chip Stocks To Buy For 2021: Astec Industries, Inc.(ASTE)
Astec Industries, Inc. manufactures and sells equipment and components primarily for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. Its Infrastructure Group segment offers asphalt and wood pellet plants, and related components for the asphalt paving and other industries; asphalt pavers, material transfer vehicles, milling machines, soil stabilizing-reclaiming machinery, and other equipment used in road building and resurfacing; and screeds, windrow pickup machines, and road widener attachments. The companys Aggregate and Mining Group segment provides aggregate processing and mining equipment for the production and classification of sand, gravel, crushed stone, and minerals used in road construction and other applications; mobile screening plants, portable and stationary structures, and vibrating screens; portable and stationary aggregate and ore processing equipment; rock breaking systems, processing equipment, and utility vehicles; and bulk material handling systems and minerals processing equipment. Its Energy Group segment offers thermal fluid heaters, process heaters, waste heat recovery equipment, liquid storage systems, and polymer and rubber blending systems under the HEATEC name; storage tanks, concrete plants, and rubberized asphalt and polymer blending systems; portable drilling rigs and related equipment for the water well, environmental, groundwater monitoring, construction, geothermal, mining, and shallow oil and gas exploration and production industries; high pressure diesel powered pump trailers used for fracking and cleaning oil and gas wells; and drilling rigs for the oil and gas industries, as well as tree pulpwood chippers, horizontal grinders, and blower trucks. The company sells its products through sales agents, distributors, and dealers. Astec Industries, Inc. was founded in 1972 and is based in Chattanooga, Tennessee.
- [By Motley Fool Transcribing]
Astec Industries (NASDAQ:ASTE) Q4 2018 Earnings Conference CallMarch 1, 2019 10:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Shane Hupp]
ILLEGAL ACTIVITY NOTICE: “Financial Engines Advisors L.L.C. Acquires 793 Shares of Astec Industries, Inc. (ASTE)” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at www.tickerreport.com/banking-finance/4180301/financial-engines-advisors-l-l-c-acquires-793-shares-of-astec-industries-inc-aste.html.
- [By Max Byerly]
TRADEMARK VIOLATION WARNING: “Teton Advisors Inc. Increases Holdings in Astec Industries, Inc. (ASTE)” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at www.tickerreport.com/banking-finance/4118848/teton-advisors-inc-increases-holdings-in-astec-industries-inc-aste.html.
Top 5 Blue Chip Stocks To Buy For 2021: Lexmark International, Inc.(LXK)
Lexmark International, Inc., together with its subsidiaries, develops, manufactures, and supplies printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions worldwide. It operates through two segments, Imaging Solutions and Services (ISS), and Enterprise Software. The ISS segment offers a portfolio of color and monochrome laser printers and laser multifunction products, and dot matrix printers, as well as various cartridges, service parts, and other supplies for use in the installed base of laser, inkjet, and dot matrix printers. It also provides maintenance, consulting, and systems integration services, as well as MPS offerings, such as asset lifecycle management, implementation and decommissioning services, consumables management, remote device monitoring and management, and business process optimization services. This segment serves its customers through a network of distributors and resellers comprising IT resellers, direct marketing resellers, and copier dealers, as well as through alliances and original equipment manufacturer (OEM) arrangements. The Enterprise Software segment provides a suite of enterprise content management, business process management, document output management/customer communications management that includes case management, electronic signature, process analytics, information and application integration, intelligent content capture and data extraction, enterprise search software, and medical imaging vendor neutral archive software products and solutions. This segment offers products and solutions through third-party resellers, as well as through an OEM program. The company primarily serves financial services, retail, manufacturing, education, government, and health care industries. Lexmark International, Inc. was founded in 1990 and is headquartered in Lexington, Kentucky.
- [By Stephan Byrd]
Headlines about Lexmark International (NYSE:LXK) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lexmark International earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 42.803224128124 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
- [By Max Byerly]
Press coverage about Lexmark International (NYSE:LXK) has been trending somewhat negative on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lexmark International earned a coverage optimism score of -0.10 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 42.9230217304115 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Top 5 Blue Chip Stocks To Buy For 2021: Del Taco Restaurants, Inc.(TACO)
Del Taco Restaurants, Inc., formerly Levy Acquisition Corporation, incorporated on August 2, 2013, is a food service company. The Company operates quick service restaurant (QSR) chain under Del Taco in the United States.
The Company offers Mexican- cuisine and American classics menu. Its menu includes various categories, such as tacos, burritos, Fresca bowls, American grill, quesadillas and nachos, desserts and shakes, sides and salads, combos and fiesta pack, kid’s meals, drinks, breakfast and Buck & Under. In addition, its menu includes Double Beef Classic Taco, Del Combo Burrito, Del Beef Burrito, MACHO Combo Burrito, Double Del Cheeseburger, Bacon Double Del Cheeseburger, Deluxe Chili Cheddar Fries, MACHO Nachos, Caramel Cheesecake Bites, Chocolate Chip Cookies, CrunchTada Tostada, Turkey CrunchTada Tostada, Flatbread Tacos, Beer Battered Fish Taco, Tacos Al Carbon, Epic Steak and Potato Burrito, Spicy Grilled Chicken Burrito, Chicken Roller, Shakes, Cinnamon Churros, Bean and Cheese Cup, Kid’s Quesadilla Meal, Kid’s Value Bean and Cheese Burrito Meal, Fountain Drinks, Real Strawberry Lemonade, Gold Peak Iced Tea, Hot Prima Java Coffee, Egg and Cheese Burrito, Bacon Breakfast Burrito and Pollo Asado Grilled Chicken, among others. The Company and its franchisees operate approximately 550 restaurants in 16 states.
- [By Motley Fool Transcribers]
Del Taco Restaurants Inc (NASDAQ:TACO)Q4 2018 Earnings Conference CallMarch 18, 2019, 4:30 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Garrett Baldwin]
Just Revealed: The Secret to Potentially Growing Incredibly Wealthy Buying Straight-Up Stocks
Facebook Inc. (NASDAQ: FB) may soon experience a large exodus of leadership at the executive level. Shares of FB stock are off nearly 1% after a Needham Management analyst slashed the stock’s rating to underperform with a price target of $170. The analyst said the recent departure of 11 Facebook executives could spark a greater wave of resignations. The company has faced more criticism for its customer data management practices and its live-streaming of a terrorist attack in New Zealand last week. In deal news, shares of Caesars Entertainment Corp. (NASDAQ: CZR) rallied 5% on the news it is in merger talks with Eldorado Resorts Inc. (NASDAQ: ERI). Reuters notes that hedge fund icon Carl Icahn has been pressing executives at Caesars to make a deal and sell its assets. Icahn placed three nominees on Caesars’ board of directors. Look for other earnings reports from Del Taco Restaurants Inc. (NASDAQ: TACO), Lumber Liquidators Holdings Inc. (NYSE: LL), Overstock.com Inc. (NASDAQ: OSTK), and StoneCo Ltd. (NASDAQ: STNE).
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