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Wells Fargo Earnings Dip on Scandal-Related Charges

Wells Fargo reported Q3 earnings that missed estimates due to a $1 billion accrual to pay for pending litigation related to current investigations into the bank's practices......»»

Category: blogSource: 247wallstOct 13th, 2017

Wells Fargo earnings: fake accounts scandal, legal cost disclosure take financial toll

The San Francisco-based bank reported a $1 billion accrual for previou.....»»

Category: topSource: usatodayOct 13th, 2017

Wells Fargo (WFC) Q3 Earnings in Line, Legal Costs Flare Up

Marred by legal costs, Wells Fargo & Company (WFC) recorded third-quarter 2017 earnings of 84 cents per share, including mortgage related discrete litigation accrual. This compared unfavorably with the prior-year quarter figure of $1......»»

Category: dealsSource: nytOct 13th, 2017

Wells Fargo beats on earnings, sets aside $1 billion for legal woes

Brendan McDermid/ReutersWells Fargo reported third quarter earnings Friday, showing mixed results for the scandal-ridden bank. The bank delivered adjusted earnings of $1.04 per share, slightly above t.....»»

Category: topSource: businessinsiderOct 13th, 2017

Wells Fargo earnings: Profit falls on legal costs from bank accounts scandal

The San Francisco-based bank reported a $1B accrual for .....»»

Category: topSource: usatodayOct 13th, 2017

Wells Fargo CEO warns more bad news is coming

Wells Fargo has been embroiled in a scandal related to consumer sales for months, and its CEO told employees Aug. 22 there could be more bad news coming. In a statement sent to employees and included in a press release, CEO Timothy Sloan said the.....»»

Category: topSource: bizjournalsAug 24th, 2017

Wells Fargo unveils $2 billion in new cost cuts

Wells Fargo management unveiled $2 billion in new cost cuts ahead of presentations at the bank's investor day Thursday as the scandal-hit lender hopes to appeal to skeptical investors on the heels of disappointing first-quarter earnings......»»

Category: topSource: moneycentralMay 11th, 2017

Wells Fargo"s Earnings Continue to Suffer After Last Year"s Fake-Account Scandal

The California-based bank may be the only big bank to report a drop in first-quarter profits......»»

Category: topSource: foxnewsApr 13th, 2017

Accounts scandal, wary customers take toll on Wells Fargo earnings - Los Angeles Times

Los Angeles TimesAccounts scandal, wary customers take toll on Wells Fargo earningsLos Angeles TimesWells Fargo & Co. reported first-quarter earnings Thursday that show .....»»

Category: topSource: googlenewsApr 13th, 2017

Accounts scandal, wary customers take toll on Wells Fargo earnings

Wells Fargo & Co. reported first-quarter earn.....»»

Category: topSource: latimesApr 13th, 2017

Accounts scandal takes its toll on Wells Fargo earnings as customers remain wary

Wells Fargo & Co. reported earnings on Thursday that s.....»»

Category: topSource: latimesApr 13th, 2017

Wells Fargo"s profit flat as costs, mortgages weigh

(Reuters) - Wells Fargo & Co posted flat quarterly earnings on Thursday and warned its costs would remain elevated as the fallout from a sales practices scandal continues to impact the third-largest U.S. bank......»»

Category: topSource: reutersApr 13th, 2017

Wells Fargo Reports Solid Earnings in –st Quarter

Company expects to rebound from account scandal from September —…–6Related Stocks: WFC,.....»»

Category: blogSource: gurufocusApr 13th, 2017

Wells Fargo"s profit flat, costs and mortgages weigh

(Reuters) - Wells Fargo & Co posted flat quarterly earnings on Thursday and warned its costs would remain elevated as the fallout from a sales practices scandal continues to impact the third-largest U.S. bank......»»

Category: topSource: reutersApr 13th, 2017

Prudential may hit Wells Fargo for account scandal costs-filing

(Reuters) - Prudential Financial Inc, the target of probes and lawsuits related to whether Wells Fargo & Co retail bankers improperly sold its insurance, may press the bank to cover costs it has run up because of the flap, according to a filing......»»

Category: topSource: reutersFeb 22nd, 2017

Here"s why Wells Fargo thinks it"s paid its customers back already

Wells Fargo believes the bank has reimbursed the customers it is required to under at least one of the three settlements it has made related to its fake accounts scandal, so far making $3.2 million of refunds under an agreement reached with the Los.....»»

Category: topSource: bizjournalsJan 22nd, 2017

Wells Fargo could lag peers amid scandal recovery

The bank's Q4 earnings missed forecasts on earnings, revenue         The bank's Q4 earnings missed forecasts on earnings, revenue        .....»»

Category: topSource: usatodayJan 13th, 2017

Wells Fargo Closes Its Troubled 2016 By Whiffing On Fourth Quarter Sales, Earnings

With the release of its fourth quarter earnings report Friday morning, Wells Fargo is closing the books on its troubled 2016 -- but if the numbers within the report are any indication, the effects of the scandal could linger for some time to com.....»»

Category: marketsSource: forbesJan 13th, 2017

Wells Fargo quarterly earnings fall in wake of bogus-accounts scandal

Wells Fargo & Co. on Friday reported a 6% drop in f.....»»

Category: topSource: latimesJan 13th, 2017

Profits soar at JPMorgan, B of A

A surge in trading revenue pumped up quarterly profit at JPMorgan Chase and Bank of America, but earnings fell at scandal-plagued Wells Fargo. Fred Katayama reports......»»

Category: videoSource: reutersJan 13th, 2017

Wells Fargo (WFC) Stock has Surged Since Earnings, Can It Last?

WFC reported earnings 30 days ago and the stock has been on fire since then, even with the overhang of their recent scandal. We take a look at what is ahead for this stock based on recent earnings estimate trends. About a month has gone by sinc.....»»

Category: topSource: zacksNov 15th, 2016