Sep. 14 at 8:58 AM
$WFC Wells Fargo boosted its quarterly dividend, a classic signal that management wants to project confidence—or at least distract from the bank’s chronic reputational baggage by handing back more cash. It also set up a
$250 million debt facility with Aequum Capital to target small & midsize business financing, a niche expansion that looks like incremental reach.
#RKT Friday options flow was unusually high—
$10.86M. 41% higher than the average. A heavy skew toward calls. Rocket Companies bought Redfin, which means collaging real estate traffic with an equally interest-rate-sensitive mortgage business. Mr. Cooper merger comes with the promise of half a billion in “synergies.” BofA upgraded, hiking the target from
$21 to
$24. Forbes thinks it will “go to
$40.” The case is simple: falling rates ignite both purchase & refinance volumes.
