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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

Trump says Wells Fargo's penalties for 'bad acts' could be 'substantially increased' - Washington Post

Washington PostTrump says Wells Fargo's penalties for 'bad acts' could be 'substantially increased'Washington PostThis story has been updated with news about a legal brief fil.....»»

Category: topSource: googlenewsDec 8th, 2017

Wells Fargo Faces Legal Issues, High Costs: Time to Sell?

Zacks.....»»

Category: topSource: redinewsNov 21st, 2017

Wells Fargo Faces Legal Issues, High Costs: Time to Sell?

Wells Fargo (WFC) is under pressure on legal issues and elevated costs, despite efficiency initiatives. We issued an updated research report on Wells Fargo & Company WFC on Nov 20. The San Francisco-based company has tradition.....»»

Category: topSource: zacksNov 21st, 2017

Wells Fargo Just Can’t Get Out of Its Own Way

The dismissal of a senior executive at Wells Fargo is hurting the stock today......»»

Category: blogSource: barronsNov 17th, 2017

Wells Fargo Adds $1 Billion to Possible Legal Cost - Bloomberg

BloombergWells Fargo.....»»

Category: topSource: googlenewsNov 4th, 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