Wells Fargo Stock Jumps As Fake Account Scandal Consent Order Ends
Wells Fargo's stock rose more than 7% at times Thursday afternoon following the resolution of a consent order placed on the bank for opening fake accounts in the past, after regulators determined s...
Wells Fargo stock rises as Feds lift consent order for its fake-account scandal
Wells Fargo & Co.'s stock rose Thursday after the bank confirmed it satisfied requirements by federal regulators to overhaul aspects of its operations related to the fake bank accounts scandal, but...
Wells Fargo Resolves a Regulatory Complaint at Heart of 2016 Fake-Account Scandal
The Office of the Comptroller of the Currency said Thursday the bank had made sufficient progress revamping its systems that guard against customer harm.
Wells Fargo says regulators have lifted a key punishment tied to its 2016 fake accounts scandal
The Office of the Comptroller of the Currency terminated a consent order that forced it to revamp how it sells its retail products and services.
Is Wells Fargo Stock Still a Buy After Its Recent Surge?
Along with other bank stocks, Wells Fargo shares have been on a surge. Even after the run-up, however, the stock isn't historically expensive.
Wells Fargo raises CEO Charles Scharf's 2023 pay to $29 mln
Wells Fargo raised CEO Charles Scharf's total compensation for 2023 to $29 million, the bank said on Thursday.
Wells Fargo Q4 Earnings Reinforce The Bullish Outlook
Wells Fargo's Q4 GAAP earnings fell short of expectations due to an expense related to an FDIC special assessment. The bank's core underlying performance remains strong, and its non-GAAP earnings e...
Wells Fargo Reports Gains From Net Interest Income and Efficiency Initiatives
Wells Fargo benefited from a strong economic environment and higher interest rates in 2023. Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank's quarterly earnings c...
Wells Fargo CFO: Many Consumers, Clients in Good Shape
Wells Fargo CFO Mike Santomassimo discusses the bank's net interest income, expense reduction plans and the macroeconomic environment. Wells Fargo's fourth-quarter costs came in higher than expecte...
Wells Fargo Stock Fell After Beating Earnings Estimates—Here's Why
Shares of Wells Fargo & Co. (WFC) were down almost 4% Friday after the bank warned interest income could fall significantly in 2024 as borrowing costs decline.
Wells Fargo's stumble could be the entry you've been waiting for
A 3% drop by lunchtime on Friday should tell you everything you need to know about the market's reaction to Wells Fargo & Company's NYSE: WFC earnings report. While the finer details will need to b...
Wells Fargo reports 4Q earnings beat; warns of lower net interest income
Wells Fargo & Company (NYSE:WFC) reported fourth-quarter revenue and earnings that came in ahead of expectations as it benefited from the strong economic environment and high interest rates. Howeve...
Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago.
Wells Fargo reports a 9.0% annualised growth in Q4 net income
Wells Fargo & Co (NYSE: WFC), on January 12th, reported a 9.0% increase in its fourth-quarter net income on the back of a 17% jump in noninterest income. Why is Wells Fargo stock trending down?
Wells Fargo's stock falls as profit only matches expectations and credit-loss provisions jump
Shares of Wells Fargo & Co. WFC, -0.08% dropped 1.8% toward a one-month low after the California-based bank reported fourth-quarter profit that just matched expectations and credit-loss provisions ...
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