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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 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"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"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

Wells Fargo Profit Falls After Sales Practice Scandal

Wells Fargo said its profit fell 5 percent in the first full quarter after regulators said that bank employees opened millions of customer accounts fraudulently to meet sales goals.....»»

Category: topSource: abcnewsJan 13th, 2017

Wells Fargo counts cost of sham accounts scandal

US bank faces fifth consecutive quarterly profit decline as legal fees swell expenses.....»»

Category: topSource: ftJan 9th, 2017

Wells Fargo"s earnings drop as bank begins to face fallout from unauthorized-accounts scandal

Wells Fargo & Co. said Friday its third-quarter profit slipped 3% from a year earlier as the banking giant began trying to recover from a scandal surrounding its sales practices. The bank’s net income in the three months ending Sept. 30 fell to $5.6 bi.....»»

Category: topSource: latimesOct 14th, 2016

Scandal-hit Wells Fargo"s quarterly profit falls 3.7 percent

NEW YORK (Reuters) - Wells Fargo & Co's profit dropped for the fourth straight quarter as it set aside funds for potential legal costs from a bogus account scandal that cost former Chief Executive and Chairman John Stumpf his job......»»

Category: topSource: reutersOct 14th, 2016

Wells Fargo"s earnings drop as bank begins to face fallout from fake-accounts scandal

Wells Fargo & Co. said Friday its third-quarter profit slipped 3% from a year earlier as the banking giant began trying to recover from a scandal surrounding its sales practices. The bank’s net income in the three months ending Sept. 30 fell to $5.6 bi.....»»

Category: topSource: latimesOct 14th, 2016

Analysts cut Wells Fargo profit estimates ahead of results

Goldman Sachs Group Inc on Wednesday became the ninth investment bank in the past month whose analysts have cut forecasts for Wells Fargo & Co , citing regulatory and legal issues in the wake of its scandal over fake accounts. Several Wall Street analysts.....»»

Category: topSource: yahooOct 5th, 2016

Analysts cut Wells Fargo profit estimates ahead of results

Goldman Sachs Group Inc on Wednesday became the ninth investment bank in the past month whose analysts have cut forecasts for Wells Fargo & Co, citing regulatory and legal issues in the wake of its scandal over fake accounts......»»

Category: topSource: foxnewsOct 5th, 2016

Wells Fargo profit falls 18% in third quarter due to legal costs

Wells Fargo's third-quarter profit dropped 18%, c.....»»

Category: topSource: latimesOct 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 stock slides after tepid growth, legal costs weigh on earnings

Shares of Wells Fargo & Co. {s: wfc] slid 1.8% in early-morning trading Friday as the bank reported lower-than-expected revenue, and earnings muddied by a one-time charge. Wells said it had revenue of $21.9 billion in the.....»»

Category: topSource: marketwatchOct 13th, 2017

Wells Fargo hit by legal costs, revenue misses Street view

(Reuters) - Wells Fargo & Co earnings scraped past Wall Street estimates but revenue missed for the fourth straight quarter, sending shares of the third-largest U.S. bank by assets down 3 percent in pre-market trading......»»

Category: topSource: reutersOct 13th, 2017

Wells Fargo shows some stability, resumes promoting accounts

Wells Fargo's sales practices scandal isn't going away anytime soon, with first-quarter profit essentially flat as the bank struggled to win customers.....»»

Category: topSource: abcnewsApr 14th, 2017

Wells Fargo sets out plans to close 400 branches

Move to cut costs as US bank looks to recover from sham accounts scandal.....»»

Category: topSource: ftJan 13th, 2017

Wells Fargo profits continue to drag after accounts scandal

Wells Fargo & Co, the third-largest U.S. bank by assets, reported its fifth straight drop in quarterly profit on Friday as it works to recover from a bogus-accounts scandal......»»

Category: topSource: moneycentralJan 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 Asks Court to Dismiss Account Scandal Lawsuit

The request is not unprecedented. Wells Fargo has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal d.....»»

Category: europeSource: fortuneNov 24th, 2016

Wells Fargo asks U.S. court to dismiss account scandal lawsuit

NEW YORK (Reuters) - Wells Fargo & Co has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents......»»

Category: topSource: reutersNov 24th, 2016