Wendys Co
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Consumer Discretionary : Hotels, Restaurants & Leisure | Mid Cap GrowthCompany profile

The Wendy's Company is the parent company of subsidiary holding company Wendy's Restaurants, LLC (Wendy's Restaurants). Wendy's Restaurants is the parent company of Wendy's International, LLC (Wendy's), which is the owner and franchisor of the Wendy's restaurant system in the United States. Wendy's is a restaurant company specializing in the hamburger sandwich segment. Wendy's is engaged in the business of operating, developing and franchising a system of restaurants serving food. The Company operated approximately 6,080 Wendy's restaurants in operation in North America, as of January 1, 2017. Of these restaurants, 330 were operated by the Company and 5,768 by a total of 376 franchisees, as of January 1, 2017. In addition, as of January 1, 2017, there were 439 franchised Wendy's restaurants in operation in 29 countries and territories other than North America. Wendy's is also a partner in a restaurant real estate joint venture with a subsidiary of Restaurant Brands International Inc.


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Bank stocks in broad rally as Treasury yields climb, with Bank of America's stock up over 3%

2:26 pm ET September 9, 2019 (MarketWatch)

Bank stocks enjoyed a broad rally Monday, supported by a jump in longer-term Treasury yields. The SPDR S&P Bank ETF (KBE) rose 3.0% and the SPDR Financial Select Sector ETF (XLF) advanced 1.5%, while the Dow Jones Industrial Average rose 7 points, or less than 0.1%. Among the more active bank shares, Bank of America Corp. (BAC) gained 3.3%, Citigroup Inc. (C) rose 4.4%, Wells Fargo & Co. (WFC) advanced 2.5%, J.P. Morgan Chase & Co. (JPM) climbed 2.7%, KeyCorp (KEY) hiked up 4.1% and Regions Financial Corp. (RF) gained 4.1%. Meanwhile, the yield on the 10-year Treasury note rose 6.1 basis points to 1.611%. A rise in longer-term yields can help boost bank profits, as it can widen the spread on what banks earn as they fund on longer-term assets, such as loans, with short-term liabilities.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 09, 2019 14:26 ET (18:26 GMT)

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