Wells Fargo & Company (WFC)
After hours:
- Bloomberg
Wells Fargo Hoped Fed Sanction Would Be Brief. Today It Turns 5
(Bloomberg) -- When regulators hit Wells Fargo & Co. with an unprecedented cap on growth, executives atop the bank expressed confidence they could get it lifted in a year or so. Today marks its fifth birthday.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Hong Kong to Give Away 500,000 Air Tickets to Revive TourismHow Extreme Bets Fueled an $11.4
- Motley Fool
Better Buy: Wells Fargo or Citigroup?
The two megabanks that lagged competitors over the course of the bull market run of the past decade, Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C), are outperforming thus far in 2023. Wells Fargo's stock price is up about 13.8% year to date, while Citigroup was up about 14.2%. Wells Fargo, the fourth-largest bank in the U.S. with about $1.9 trillion in total assets under management, has been dogged by regulatory problems over the past several years.
- Business Wire
Wells Fargo Bank Increases Prime Rate to 7.75 Percent
SAN FRANCISCO, February 01, 2023--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 7.75 percent from 7.50 percent, effective tomorrow, Feb. 2, 2023.
