Today’s Research Reports on Stocks to Watch: Wells Fargo and Square

NEW YORK, NY / ACCESSWIRE / May 30, 2018 / Shares of Wells Fargo closed down over 3% on Tuesday. The company announced that it has added a few new people to its multi-assets solutions team. Shares of Square closed higher as more investors absorbed last week’s news that the company has announced a new debt offering to raise $750 million in cash.

RDI Initiates Coverage on:

Wells Fargo & Company
https://rdinvesting.com/news/?ticker=WFC

Square, Inc.
https://rdinvesting.com/news/?ticker=SQ

Wells Fargo & Company shares closed down 3.55% on about 31.6 million shares traded yesterday. Wells Fargo Asset Management announced on Tuesday that it has expanded its multi-assets solutions team and has added Eddie Chang to the firm. Chang is now the head of International Portfolio Management within the Multi-Asset Solutions team and will be reporting to Nico Marais, president of WFAM and head of Multi-Asset Solutions. Also added to the team have been Chenfei Ma and Stephane Renevie. Ma as an investment analyst and Renevier as portfolio manager. Marais remarked, “The addition of Eddie, Chenfei and Stephane to our team not only strengthens our capabilities in the area of machine learning but further deepens the team’s experience as we aim to deliver best-in-class absolute return and alternative risk premia strategies to our clients. These new team members bring a depth of experience to our multi-asset platform as we strive to create solutions that address the complex and changing needs of our clients.”

Access RDI’s Wells Fargo & Company Research Report at:
https://rdinvesting.com/news/?ticker=WFC

Square, Inc. shares closed up a little over 2% on Tuesday on about 10 million shares traded. Not too long ago PayPal announced news that made it become one of Square’s newest rivals. PayPal said it would be acquiring Europe’s iZettle for $2.2 billion. Square announced last week a new debt offering to raise $750 million in cash which could be utilized to take on PayPal and iZettle with additional acquisitions. Earlier in the month the company reported first quarter earnings revealing that adjusted revenue popped 51% to $307 million. Analysts had been expecting adjusted revenue of $293.7 million. The quarter marked the 10th straight quarter that Square had topped analysts’ expectations. CFO Sarah Friar said during the time, “We see an ability to keep re-investing for growth. Sales and marketing is growing because we are re-investing in our sellers.”

Access RDI’s Square, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SQ

Our Actionable Research on Wells Fargo & Company (NYSE: WFC) and Square, Inc. (NYSE: SQ) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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