|Day's Range||4.75 - 5.45|
(Bloomberg) -- Wells Fargo & Co. is pursuing private mediation to settle claims of widespread discrimination against Black homeowners by denying them lower interest rates through refinancing and forcing them to pay more for loans.Most Read from BloombergMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime Members
Higher rates, decent loan demand and efforts to bolster fee income support FDIC-Insured banks' like JPM, BAC, C & WFC financials.
Recently, Zacks.com users have been paying close attention to Wells Fargo (WFC). This makes it worthwhile to examine what the stock has in store.
Strong deposit growth and cost-saving initiatives are likely to keep supporting Wells Fargo (WFC). However, a decline in revenues and a fall in loan balance are major headwinds.
Burry recently launched a new stake in a stock that Buffett's company Berkshire Hathaway dumped in 2022.
The former head of Wells Fargo & Co's retail bank agreed to pay a $3 million penalty to settle U.S. Securities and Exchange Commission fraud charges for misleading investors about sales practices used to inflate a performance metric, the SEC said on Tuesday. Carrie Tolstedt was charged in 2020 for her role in allegedly misleading investors about the success of Wells Fargo's core business. In the settlement announced on Tuesday, she did not admit or deny the SEC's allegations.
In the latest trading session, Wells Fargo (WFC) closed at $40.98, marking a -0.61% move from the previous day.
(Bloomberg) -- Wells Fargo & Co. has hired Credit Suisse Group AG investment banker Jill Ford as head of its equity capital markets business, according to people familiar with the matter. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatPutin Orders Tighter Defenses After Drone Strikes on MoscowStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapJPMorgan Builds Unit for World’s Ri
When JPMorgan Chase bought First Republic Bank in May, all eyes were on its CEO, Jamie Dimon. Here’s how the executive’s strategy for managing risk propelled him to the top of the banking world. Photo illustration: John McColgan
Per the U.S. District Judge Larry Alan Burns, cardholders must file a lawsuit against Bank of America (BAC) for its violation of state law by issuing cards, without standard security measures, to millions of people in California in 2020.
Showcasing mastery of the economic knowledge that helps young people achieve financial goals throughout their lives, student teams from Carmel High School of Carmel, Indiana, and Mt. Hebron High School of Ellicott City, Maryland, each earned first place finishes in divisions of the Council for Economic Education's 2023 National Economics Challenge (NEC).
SAN FRANCISCO, May 24, 2023--Wells Fargo & Company (NYSE: WFC) said today that Chief Executive Officer Charlie Scharf will present at the 39th Annual Bernstein Strategic Decisions Conference on Wednesday, May 31, 2023 at 8:00 a.m. ET.
At the Investor Day conference, JPMorgan (JPM) provides more details about FRC deal synergies, expense outlook (with focus on tech spending) and the potential recession.
SAN FRANCISCO, May 19, 2023--Wells Fargo & Company (NYSE: WFC) today announced dividends on eight series of preferred stock.
Zacks.com users have recently been watching Wells Fargo (WFC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NORTHAMPTON, MA / ACCESSWIRE / May 17, 2023 / Wells Fargo WASHINGTON, May 17, 2023 /3BL Media/ - This week, SaverLife, a national fintech nonprofit and advocacy organization, announced a new research initiative called "The Downpour." This initiative ...
Wells Fargo & Company ( NYSE:WFC ) shareholders might be concerned after seeing the share price drop 20% in the last...
The Yahoo Finance Live team discusses Wells Fargo paying $1 billion to settle its shareholder lawsuit, the company's previous controversies, and banking sector turmoil.
Wells Fargo agreed to settle a lawsuit brought by investors alleging the bank failed to meet compliance requirements. Read on for the details.
Larta Institute (Larta), a non-profit organization accelerating innovation and entrepreneurship to feed, fuel and heal the world, today announced the inaugural cohort of startups that have been selected for its Venture Fellows program. The cohort of 14 startups, drawn from applicants based in Los Angeles and Miami, will receive support for their innovative concepts to enhance urban climate resilience.
Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. U.S. District Judge Gregory Woods in Manhattan federal court granted preliminary approval on Tuesday to the all-cash settlement, which had been filed the night before. Woods scheduled a Sept. 8 hearing to consider final approval.
Wells Fargo (WFC) agreed to pay $1 billion related to a shareholder lawsuit accusing it of overstating progress on resolving its 2016 fake account scandal.
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 16th. Please refresh for updates.
NEW YORK (Reuters) -Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. U.S. District Judge Gregory Woods in Manhattan federal court granted preliminary approval on Tuesday to the all-cash settlement, which had been filed the night before. Woods scheduled a Sept. 8 hearing to consider final approval.
Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. Wells Fargo has operated since 2018 under consent orders from the Federal Reserve and two other financial regulators requiring that it improve governance and oversight. The fourth-largest U.S. bank is also subject to an asset cap by the Fed, which can impede its ability to compete with larger rivals JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc.