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Search resuls for: "Montgomery Street"


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Wells Fargo shares have been on a roll in the fourth quarter of 2024 despite their December pullback. The day before that announcement, on Feb. 14, Wells Fargo stock closed at $48.53 a share. '25 look ahead Jim Cramer said 2025 could be "a much better year" for Wells Fargo, even after its 2024 performance exceeded expectations. "It will soon be seven years since [then-Fed Chair] Janet Yellen decided to slap sanctions on Wells Fargo. A pedestrian walks by Wells Fargo headquarters at 420 Montgomery Street on December 04, 2024 in San Francisco, California.
Persons: Wells, Donald Trump's, Jim Cramer, Jim, Charlie Scharf, Scharf, Janet Yellen, Charlie Scharf —, , Jim Cramer's, Justin Sullivan Organizations: Wells, Trump, CNBC, Montgomery Street Locations: Wells, Wells Fargo, San Francisco , California
Rush hour is now anything but at the Montgomery Street station in the heart of San Francisco. Three years after the pandemic began, remote work endures as a way of life for many office workers, and few major transit systems in the United States have suffered worse than Bay Area Rapid Transit. The 131-mile network depends heavily on suburban residents who commute daily into San Francisco and less than other transit systems on local passengers trying to get across town. Weekday ridership on BART is down to 32 percent of what it was before the pandemic began, punctuating a desperate moment for San Francisco. Without daily foot traffic, major retailers are abandoning downtown, and analysts believe the city core has yet to bottom out.
Persons: punctuating Organizations: Rapid Transit, BART Locations: Montgomery, San Francisco, United States, Francisco
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