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Top related persons:
Greenlight Capital's David Einhorn - 1 Einhorn - 1 PENN - 1 he's - 1 Greenlight - 1 — CNBC's Leslie Picker - 1 Wells - 1 Charlie Scharf - 1
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New York City Wells Fargo
Top related orgs:
Penn Entertainment - 1 CNBC - 1 Barstool Sports - 1 Cornell grad - 1 Greenlight Capital - 1 HP - 1 Roivant Sciences - 1 Liberty Global - 1

Search resuls for: "— CNBC's Leslie Picker"


2 mentions found


☆ Greenlight's David Einhorn builds new stake in this gambling name. Here's what else he bought
  + stars: | 2024-04-24 | by ( Adam Jeffery | ) www.cnbc.com   time to read: +2 min
Greenlight Capital's David Einhorn continued to pick up new stocks in the first quarter, including Penn Entertainment , as the longtime value investor struggles to find opportunities in the volatile market. He established the stake at an average cost of $22.69 per share, but the stock has fallen to $17.44 as of Wednesday. Still, Einhorn said sports betting, if executed right, could take the shares much higher. "Were the market to credit PENN with merely 15% of DraftKings' value, that segment alone would be worth $20 per share." Q4 buyer's strike Einhorn had stopped building new stock positions at one point in the fourth quarter, saying he was on a "buyer's strike" due to worries about intensifying geopolitical risks.
Persons: Greenlight Capital's David Einhorn, Einhorn, PENN, he's, Greenlight, — CNBC's Leslie Picker Organizations: Penn Entertainment, CNBC, Barstool Sports, Cornell grad, Greenlight Capital, HP, Roivant Sciences, Liberty Global
☆ Wells Fargo says regulator has lifted a key penalty tied to its 2016 fake accounts scandal
  + stars: | 2024-02-15 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
NEW YORK, NEW YORK - MAY 17: President and CEO of Wells Fargo Charlie Scharf attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022 in New York City. (Photo by Steven Ferdman/Getty Images)Wells Fargo said Thursday one of its primary regulators has lifted a key penalty tied to its 2016 fake accounts scandal. Wells Fargo, one of the country's largest retail banks, has retired six consent orders since 2019, the year that CEO Charlie Scharf took over. The 2016 fake accounts scandal and related consent order ignited a wave of scrutiny on the bank that revealed problems related to the servicing of mortgages, auto loans and other consumer accounts. The attention tarnished the bank's reputation and forced the retirement of both ex-CEO John Stumpf in 2016 and successor Tim Sloan in 2019.
Persons: Wells, Charlie Scharf, Steven Ferdman, Wells Fargo, Scharf, John Stumpf, Tim Sloan, —, Leslie Picker Organizations: NEW, Wall, Spring Studios, Currency, Federal Reserve Locations: New York City, Wells Fargo
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