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Wells Fargo (WFC) Appoints Company Vet Tim Sloan as COO
November 17, 2015 5:02 PM ESTWells Fargo (NYSE: WFC) announced that its Board of Directors has named 28-year company veteran Timothy J. Sloan to be president and chief operating officer, reporting to Chairman and Chief Executive Officer John G. Stumpf, effective immediately.
Since 2014 Sloan has served as head of Wholesale Banking, a role he will retain. Reporting to him in his new roles are the heads of the companys other major business operations: Carrie Tolstedt, Community Banking; Avid Modjtabai, Consumer Lending; and David Carroll, Wealth and Investment Management. Sloan and the business operations heads will continue to... More
Happy Customers Lead to Positive Results for Wal-mart (WMT); Cowen Reiterates Market Perform
November 17, 2015 3:59 PM ESTCowen reiterated a Market Perform rating and $66.00 price target on Wal-Mart (NYSE: WMT) following the company's 3Q earnings report. WMT US's 3Q comp of +1.5% was led by positive traffic of +1.7% as investments in higher wages, more training, and incremental department managers are driving steady... More
