Advertisements



Wells Fargo legal headaches are hurting profits

Wells Fargo's pre-crisis subprime mortgage troubles are coming back to haunt the bank a decade later. The big bank said on Friday that third-quarter profits tumbled by 18% because it set aside $1 billion for legal expenses.....»»

Category: marketsSource: cnnOct 13th, 2017

Wells Fargo legal headaches are hurting profits

Wells Fargo's pre-crisis subprime mortgage troubles are coming back to haunt the bank a decade later. The big bank said on Friday that third-quarter profits tumbled by 18% because it set aside $1 billion for legal expenses.....»»

Category: marketsSource: cnnOct 13th, 2017

Wells Fargo 3Q delivers an unwelcome surprise for investors

Wells Fargo is reporting an 18 percent decline in third-quarter profits, caused by a significant increase in the bank's legal expenses......»»

Category: topSource: foxnewsOct 13th, 2017

Wells Fargo profits fall 18% due to legal costs

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

Category: topSource: latimesOct 13th, 2017

Wells Fargo 3Q results fall 18 percent due to legal costs

Wells Fargo is reporting an 18 percent decline in third-quarter profits, caused by a significant increase in the bank's legal expenses......»»

Category: topSource: foxnewsOct 13th, 2017

Wells Fargo's profits tumble as mega bank struggles to rebound from sales scandal - Washington Post

Washington PostWells Fargo's profi.....»»

Category: topSource: googlenewsOct 15th, 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"s profits tumble as mega bank struggles to rebound from sales scandal

Wells Fargo was already dethroned as the world's most valuable bank following the scandal, but now it's slipping further behind......»»

Category: topSource: washpostOct 13th, 2017

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

Breakingviews TV: Wells off

U.S. mega-bank Wells Fargo surprised investors with a $1 bln legal settlement that ate into earnings. Antony Currie and Jeffrey Goldfarb discuss what it means for embattled CEO Tim Sloan......»»

Category: videoSource: reutersOct 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 slumps as sales slip and legal costs mount

Wells Fargo reported third quarter revenue that missed expectations Friday, sending shares lower in premarket trading......»»

Category: topSource: moneycentralOct 13th, 2017

Wells Fargo stock slumps as sales slip and legal costs mount

Wells Fargo reported third quarter revenue that missed expectations Friday, sending shares lower in premarket trading......»»

Category: topSource: moneycentralOct 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 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

Sen. Elizabeth Warren says Wells Fargo misdeeds were all about juicing reported profits

Jim Cramer spoke with Senator Elizabeth Warren about malpractice at Wells Fargo......»»

Category: topSource: madmoneySep 19th, 2017

Appeals court revives Wells Fargo whistleblower lawsuit

Wells Fargo faces a new legal worry after a federal appeals court on Thursday revived a whistleblower lawsuit by two former employees......»»

Category: topSource: moneycentralSep 7th, 2017

Don"t chase storm stocks after Harvey, Wells Fargo says

It's usually a mistake to chase storm stocks in search of quick profits, a Wells Fargo analyst warns......»»

Category: topSource: foxnewsAug 30th, 2017

Wells Fargo"s challenges pile up as it tries to rebuild trust

New legal challenges are piling up for Wells Fargo as the U.S. banking giant tries to rebuild trust with customers and investors after a scandal over millions of unauthorized accounts. .....»»

Category: topSource: moneycentralAug 9th, 2017