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News Topic - Wells Fargo

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Wells Fargo Struggling in Aftermath of Fraud Scandal New credit card applications were down 43 percent in the fourth quarter of 2016, the bank said, and new checking account openings fell 40 percent.
New York Times | Jan 13, 2017 5:15 PM [GMT] | comment? | recommend
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JPMorgan tops expectations thanks to trading uptick Wall Street on Friday delivered a mixed bag of results for the final quarter of 2016, a volatile period for three of the largest US banks JPMorgan Chase, Wells Fargo and Bank of America. JPMorgan Chase led the pack with a 24 percent increase in profit, to
New York Post | Jan 13, 2017 4:53 PM [GMT] | comment? | recommend
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Wells Fargo was silent about fake account probe Wells Fargo said it was in talks with the CFPB about its fake account problem as early as March 2016 -- six months before shareholders were told. | Jan 13, 2017 4:40 PM [GMT] | comment? | recommend
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Mille Lacs Band Divests From Wells Fargo Over Its DAPL Support The Mille Lacs Band Of Ojibwe has announced it is divesting from Wells Fargo, saying the banks unacceptable corporate behavior and financial support of the Dakota Access pipeline led to the decision.
WCCO TV | Jan 13, 2017 4:23 PM [GMT] | comment? | recommend article from Minneapolis, Minnesota
Wells Fargo's customer problem getting worse The banking giant's fake account scandal has not only hit hard at its bottom line but is creating a dim outlook for the future.
Yahoo! News | Jan 13, 2017 3:33 PM [GMT] | comment? | recommend
Wells Fargo ends tough year with earnings fall Sham accounts scandal takes toll on banks results and reputation
Financial Times | Jan 13, 2017 3:03 PM [GMT] | comment? | recommend
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Wells Fargo Q4 earnings miss estimates as retail banking revenue falls Wells Fargo & Co. said Friday fourth quarter net income sank 6% due to a revenue fall in retail banking.
USA Today | Jan 13, 2017 2:54 PM [GMT] | comment? | recommend
Wells Fargo misses expectations on Q4 earnings; CEO emphasizes rebuilding trust Wells Fargo & Co. missed analyst expectations today as it posted fourth-quarter net income of $5.3 billion, or 96 cents per share. Thats compared to $5.6 billion, or $1.00 per share, for fourth quarter 2015, and $5.6 billion, or $1.03 per share, for third | Jan 13, 2017 2:40 PM [GMT] | comment? | recommend article from Denver, Colorado
U.S. stocks open higher after upbeat bank earnings U.S. stocks opened slightly higher Friday as investors were relieved by bank earnings results and economic data. J.P. Morgan Chase & Co and Bank of America Corp earnings beat expectations, though Wells Fargo & Co earnings and revenues were lower than expe | Jan 13, 2017 2:33 PM [GMT] | comment? | recommend
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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 come. | Jan 13, 2017 2:14 PM [GMT] | comment? | recommend