Wells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its own bank customers as well as people in “minority communities.” Wells Fargo WFC, -0.07% also Read more
Tag: Fargo
Wells Fargo ordered to pay $3.7 billion for alleged mismanagement of auto, mortgages and deposit accounts
The Consumer Financial Protection Board (CFPB) on Tuesday said it is requiring Wells Fargo & Co. to pay $3.7 billion for alleged widespread mismanagement of auto loans, mortgages and deposit Read more
Costco stock cut to market perform at Wells Fargo on headwinds
Wells Fargo analyst Edward Kelly on Monday cut his rating on Costco Wholesale Corp. COST, -1.72% to equal weight from overweight and reduced the retailing giant’s price target to $490 Read more
Wells Fargo failing customers as Zelle scams soar, Sen. Warren charges in letter
Sen. Elizabeth Warren is tightening the pressure on Wells Fargo CEO Charles Scharf, just one among major bank executives that the Massachusetts Democrat is targeting amid evidence of repeat fraud Read more
Real estate investment trusts haven’t worked as a defensive bet this year. Why REITs might continue to underperform, according to Wells Fargo
Investors often view real estate investment trusts as a defensive asset in a sinking stock market, but REITS are struggling in 2022 as investors look for places to hide in Read more
JPMorgan, Citi, Morgan Stanley and Wells Fargo kick off bank earnings season in choppy waters
JP Morgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Morgan Stanley kick off the third-quarter bank earnings reporting season on Friday, Oct. 14 amid some of the Read more
Bed Bath & Beyond’s Q2 results ‘indefensible’, says Wells Fargo analyst
Bed Bath & Beyond reported a much wider-than-expected second quarter loss before the stock market opened on Thursday, but also gave an improved inventory outlook and projected breakeven operating cash Read more
Citigroup provides upside surprise and stock rally while Wells Fargo misses
Citigroup Inc. on Friday delivered better-than-expected profit and revenue but its earnings still fell along with Wells Fargo & Co. amid more difficult market conditions than a year ago. Citigroup Read more
Wells Fargo revenue falls short, shares drop
Wells Fargo & Co. WFC, +6.12% shares fell 3.5% in premarket trades Friday after it said its second-quarter net income declined to $3.12 billion, or 74 cents a share, from Read more
How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its last peak, it stirred debate about whether investors should hold Read more