On Wednesday, Shares of Wells Fargo & Co (NYSE:WFC), added 2.83% and closed at $44.99 in the last trading session. The last trading range of the stock ranges between $43.83 and $45.08. The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo & Co from city business because of its scandal over phony accounts, joining the states of Illinois and California in punishing the bank.
The ban includes bond underwriting, brokerage, trustee and other services the bank has offered to the city. Wells Fargo has earned $19.5 million in fees from Chicago since 2005.
Wells Fargo staff opened checking, savings and credit card accounts without customer approval for years to satisfy managers’ demand for new business, according to a $190 million settlement with U.S. regulators and California prosecutors reached on Sept. 8.
The bank said it has fired 5,300 employees over the issue.
“I hope this action by the city of Chicago will echo around the nation and make it clear to other institutions this conduct is unacceptable,” said Alderman Edward Burke, who heads the council’s finance committee.SOURCE REUTER
Ally Financial Inc (NYSE:ALLY), jumped 1.14% and closed at $19.98 in the last trading session. The last trading range of the stock ranges between $19.83 and $20.08. The company’s Market capitalization is $9.70 Billion with the total Outstanding Shares of 483.66 Million. Ally Financial Inc. (Ally) has scheduled the release of its third quarter financial results for Wednesday, Oct. 26, 2016. The press release will be issued at 7:30 a.m. EDT via PR Newswire and on the Ally Media Center website.
Dollar General Corp. (NYSE:DG), LOST -1.59% and closed at $66.97 in the last trading session. The last trading range of the stock ranges between $66.50 and $68.33. During the 52-week trading session the minimum price at which share price traded, registered at $59.75 and reached to max level of $96.88. Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, counting paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, in addition to soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products. It also provides seasonal products, counting decorations, toys, batteries, small electronics, greeting cards, stationery products, prepaid phones and accessories, gardening supplies, hardware products, and automotive and home office supplies; and home products consisting of kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen products, beds, and bath soft goods. In addition, the company offers apparel for infants, toddlers, girls, boys, women, and men, in addition to socks, underwear, disposable diapers, shoes, and accessories. As of August 13, 2016, it operated 13,000 stores located in 43 states.