Wells Fargo’s Q4 results were positive, but regulatory issues linger. Find out why WFC stock is fairly valued despite potential growth from regulatory reform.
Two Wall Street titans are shelling out a combined $60 million to the U.S. Securities and Exchange Commission for allegedly serving their own interests at the detriment of clients.
Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.
U.S. bank Wells Fargo named JPMorgan Chase executive Ed Olebe as its new head of cards and merchant services on Tuesday, effective immediately. Olebe, who joined JPMorgan in 2016, succeeds Ray Fischer,
Some of America's biggest banks are terminating physical branches as the new year kicks off. Between Thanksgiving 2024 and January 11 – about six weeks – Wells Fargo, Bank of America, JPMorgan Chase,
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.
Monroe was attempting to move funds from a Wells Fargo checking account he set up for his son in college to a new financial institution, he told The U.S Sun. Using two checks provided by Wells Fargo would surely facilitate a simple transaction of $25,
Wells Fargo & Co. workers who say the employee stock in their retirement plan was mishandled won a court order certifying their case as a 300,000-person class action.
Wells Fargo & Co. took a $647 million severance charge in the fourth quarter, as Chief Executive Officer Charlie Scharf continues to whittle headcount as part of broader efforts to slash costs and remake the bank.
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance. Read why I upgrade WFC stock from sell to hold.
Wells Fargo & Co.’s multi-year plan to support and build its independent broker and advisor channel is to keep on rolling in 2025, according to the bank’s chief financial officer, Michael Santomassimo. Wells Fargo Advisors is the broad marketing umbrella for close to 12,000 bank advisors, wealth management advisors, and independent advisors.
Bank regulators say a new round of fines is the final enforcement action against former Wells Fargo executives after the sales practices scandal that came to light in 2016.