Wells Fargo & Co. (NYSE:WFC) is changing the way its home-equity loans will be repaid. According to a report in The Wall Street Journal, the mortgage lender is requiring its new customers who obtain home-equity lines of credit to pay both principal and interest over the life of the loan. It will not affect current customers who have interest-only loans with Wells Fargo. Wells Fargo & Co (NYSE:WFC) net profit margin is 45.80% and weekly performance is 2.36%. On last trading day company shares ended up $51.98. Analysts mean target price for the company is $52.41. Wells Fargo & Co (NYSE:WFC) distance from 50-day simple moving average (SMA50) is 5.44%.
General Electric Company (NYSE:GE) declared a quarterly dividend of 22 cents a share Friday. The quarterly dividend is in line with the company’s previous dividend. The dividend is payable on July 25 to all shareholders of record as of the close of business June 23. The ex-dividend date is June 19. General Electric Company (NYSE:GE) shares advanced 1.53% in last trading session and ended the day on $27.18. GE gross Margin is 34.00% and its return on assets is 1.90%.General Electric Company (NYSE:GE) quarterly performance is 4.02%.
Sources from Apple Inc. (NASDAQ:AAPL) have said that the company is preparing and getting geared up to market and sell its first wearable device in October, this year. The venture is aimed to produce about 3 to 5 million smart-watches in a month in the initial run according to the Nikkei’s report on Friday. Sources familiar with the matter and unidentified parts suppliers have been cited to have confirmed the news. Apple Inc. (NASDAQ:AAPL) shares moved down -0.27% in last trading session and was closed at $645.57, while trading in range of $644.47 – $651.26. Apple Inc. (NASDAQ:AAPL) year to date (YTD) performance is 16.41%.
U.S. oil major Exxon Mobil Corporation (NYSE:XOM) is in line to take over as operator of the giant Kashagan field in an attempt to fix the beleaguered $50 billion project offshore Kazakhstan, industry publication Nefte Compass reported on Friday. Exxon Mobil Corporation (NYSE:XOM) ended the last trading day at $101.60. Company weekly volatility is calculated as 0.94% and price to cash ratio as 77.90.Exxon Mobil Corporation (NYSE:XOM) showed a positive weekly performance of 1.06%.
The Procter & Gamble Company (NYSE:PG) has been given a consensus recommendation of “Hold” by the nineteen ratings firms that are covering the company, Stock Ratings News reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $87.14. The Procter & Gamble Company (NYSE:PG) net profit margin is 12.60% and weekly performance is -0.94%. On last trading day company shares ended up $80.03. Analysts mean target price for the company is $87.44. The Procter & Gamble Company (NYSE:PG) distance from 50-day simple moving average (SMA50) is -0.81%.