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In government banking, “we have felt it, reputationally,” a Wells executive said of the bank’s growth restraint and the ...
As if Wells Fargo's poor showing Tuesday as Chairman and CEO John Stumpf appeared before the Senate Banking Committee wasn't bad enough, the unfolding scandal looks even worse as more former ...
In the meantime, the bank is trading for a discount of more than 10% compared to its pre-scandal price. To sum up how I feel about Wells Fargo as an investment, I think any effects (and potential ...
When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for a widespread scandal involving the creation of fake customer accounts, CEO ...
A year on, Wells Fargo cannot shake off its mis-selling scandal Though its impact on the bank has been less profound than feared. Share. Sep 7th 2017 ...
Wells Fargo's Fraud Scandal Is Finally Over: Here's What You Need To Know Oct. 17, 2016 11:22 AM ET Wells Fargo & Company (WFC) Stock WFC 373 Comments Dividend Sensei ...
Wells Fargo & Co on Friday reported a 31% decline in third-quarter profit as the bank racked up costs related to a fake accounts scandal and boosted its loan loss reserves in preparation for a ...
The account opening scandal at Wells Fargo could cost shareholders $7.4B or more in lost market value. The investigations and resulting operational changes at the company will likely impact the ...
So it seems that the unofficial rule of thumb is that if the U.S. financial regulators have a slow month, they just slap Wells Fargo with another fine, which is likely fair enough. The bank has ...
Wells Fargo CEO Timothy Sloan said retail-banking customer metrics may shift rather than mimic pre-settlement levels, in response to a question on the analyst call. Wells Fargo is trying to figure ...
Those are code words for Wells Fargo, and the up to 2 million accounts that its employees opened without customer permission as they sought to meet unrealistic sales goals.
A plunging stock price amid a corporate scandal can sometimes offer investors a long-term buying opportunity -- but in the case of Wells Fargo (WFC 0.86%), the road to redemption looks long and bumpy.
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