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Wells Fargo falls below expectations in second-quarter earnings

Wells Fargo & Co. (NYSE: WFC) missed the mark on what analysts expected in its second-quarter earnings report released this morning. The San Francisco-based bank posted a net income of $5.2 billion, or 98 cents in diluted earnings per share — a.....»»

Category: topSource: bizjournalsJul 13th, 2018

Wells Fargo"s stock falls ahead of earnings report; bank has long history of disappointing investors

Sha.....»»

Category: topSource: marketwatchJul 12th, 2018

Wells Fargo settles retail sales lawsuit for $142 million

Wells Fargo said Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phoney bank accounts......»»

Category: topSource: moneycentralJun 15th, 2018

Wells Fargo settles retail sales lawsuit for $142 million

(Reuters) - Wells Fargo & Co said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phony bank accounts......»»

Category: topSource: reutersJun 15th, 2018

Wells Fargo not only bank that opened unauthorized accounts

The Comptroller of the Currency won't publicly identify banks that opened accounts unauthorized by customers, a practice that led to scandal at Wells Fargo. But congressional Democrats are demanding full public disclosure......»»

Category: topSource: moneycentralJun 14th, 2018

Wells Fargo not only bank that opened unauthorized accounts

The Comptroller of the Currency won't publicly identify banks that opened accounts unauthorized by customers, a practice that led to scandal at Wells Fargo. But congressional Democrats are demanding full public disclosure......»»

Category: topSource: moneycentralJun 14th, 2018

Phony bank accounts not a "systemic" issue: U.S. regulator

A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a "systemic" problem......»»

Category: topSource: moneycentralJun 7th, 2018

Phony bank accounts not a "systemic" issue: U.S. regulator

WASHINGTON (Reuters) - A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a "systemic" problem......»»

Category: topSource: reutersJun 7th, 2018

Wells Fargo refunding tens of millions in add-on fees

Wells Fargo is in the process of refunding tens of millions of dollars for products ranging from pet insurance to legal services added to hundreds of thousands of customers’ accounts without their full understanding......»»

Category: topSource: moneycentral5 hr. 3 min. ago

Wells Fargo refunding tens of millions in add-on fees

Wells Fargo is in the process of refunding tens of millions of dollars for products ranging from pet insurance to legal services added to hundreds of thousands of customers’ accounts without their full understanding......»»

Category: topSource: moneycentral5 hr. 3 min. ago

Wells Fargo Caught In Yet Another Scandal

Given the seemingly unceasing stream of scandal that has flowed out of Warren Buffett's favorite bank, Wells Fargo, it's hardly surprising that after doing everything from illegally repossess.....»»

Category: blogSource: zerohedge5 hr. 48 min. ago

Breakingviews TV: Bank in black

With Bank of America the latest to report earnings, following JPMorgan, Citigroup and Wells Fargo last week, Antony Currie explains how investors are looking at big U.S. lenders a decade after the financial crisis......»»

Category: videoSource: reutersJul 16th, 2018

BofA Boasts Of "Best First Half In History" Despite Revenue Drop, Muted Loan Growth

Bank of America joined JPMorgan (if not Wells Fargo) in reporting Q2 earnings that beat on the top and bottom line, reporting Q2 Net Income of $6.8 BN, up 33% .....»»

Category: blogSource: zerohedgeJul 16th, 2018

Market Unimpressed with Bank Earnings

Market Unimpressed with Bank Earnings It isn’t hard to appreciate the market’s negative reaction to the Wells Fargo (WFC) an.....»»

Category: worldSource: nytJul 13th, 2018

Citigroup, JPMorgan and Wells Fargo Report Bank Earnings Friday

Citigroup and JPMorgan beat earnings estimatesRelated Stocks: C, WFC, JPM, BAC, GS, MS, BLK, MTB, MBFI, ETFC,.....»»

Category: personnelSource: nytJul 13th, 2018

Wells Fargo earnings fall as bank reports a tax hit, fewer loans and deposits

Wells Fargo & Co. on Friday reported lowe.....»»

Category: topSource: latimesJul 13th, 2018

Wells Fargo earnings fall as bank reports tax hit, fewer loans and deposits

Wells Fargo & Co. on Friday reported lowe.....»»

Category: topSource: latimesJul 13th, 2018

Wells Fargo"s stock paces S&P 500 losers, extends streak of post-earnings selloffs to six quarters

Wells Fargo & Co.'s stock tumbled 3.8% in morning trade Friday, enough to pace the S&P 500's decliners, as the bank .....»»

Category: topSource: marketwatchJul 13th, 2018

Wells Fargo earnings fall as bank reports sales-tax hit, fewer loans and deposits

Wells Fargo & Co. on Friday reported lower-than.....»»

Category: topSource: latimesJul 13th, 2018

Wells Fargo misses as loans fall and expenses rise (WFC)

REUTERS/Rick Wilking Wells Fargo reported a bigger than expected drop in quarterly profit. The bank said lending activity slowed and expenses rose. Shares fell more than 2% following the re.....»»

Category: topSource: businessinsiderJul 13th, 2018