Inside Wells Fargo’s Disturbingly Weak Mortgage Numbers

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From Tyler Durden: When we reported Wells Fargo's Q4 earnings back in January, we drew readers' attention to one specific line of business, the one we dubbed the bank's "bread and butter."
NYSE:WFC April 13, 2017 11:21am

Wells Fargo’s First ETF Will Likely Be A Multifactor Robot Fund

wells-fargo-sign
Banking giant Wells Fargo & Co (NYSE:WFC) is joining its biggest rivals and will finally launch its first-ever ETF next year, and the fund will likely be of the new-age multifactor smart beta variety.
NYSE:WFC December 19, 2016 9:12am

Major Wells Fargo Shareholder Trims Position By 5%

wells-fargo-signEmbattled banking giant Wells Fargo & Co (NYSE:WFC) saw a major mutual fund slash its holdings last month amid ongoing fallout from a far-reaching account opening scandal.
NYSE:WFC October 31, 2016 1:13pm

Survey Says 14% of Wells Fargo Customers Will Leave the Bank

wells-fargo-logoA recent survey of Wells Fargo & Co (NYSE:WFC) customers paints a very bearish picture of the company's recent scandal and its effects on retail banking operations.
NYSE:WFC October 25, 2016 6:18am

Governor: Wells Fargo Has Lost the Right to do Business with State of Ohio

Wells Fargo logoWells Fargo & Co (NYSE:WFC) can add Ohio to the growing list of states where it isn't welcome to do business with state government anymore, with Governor John Kasich issuing a scathing statement today.
NYSE:WFC October 14, 2016 4:17pm

Wells Fargo’s Earnings Beat Estimates as Mortgage Loans Surge

Wells FargoEmbattled banking giant Wells Fargo & Co (NYSE:WFC) posted better-than-expected third quarter earnings results this morning, as the company continues to deal with the fallout of the biggest banking industry scandal in several years.
NYSE:WFC

Can Wells Fargo’s New CEO Restore Its Reputation?

Wells Fargo logoYesterday, news broke that former chief executive Wells Fargo & Co (NYSE:WFC) John Stumpf had resigned, putting new CEO Timothy Sloan at the helm amid a far-reaching account-opening scandal.
NYSE:WFC October 13, 2016 9:47am

Secret Wells Fargo Recording Shows Scandal Not Hurting Business Much

Wells FargoEmbattled banking giant Wells Fargo & Co (NYSE:WFC) recently held a private conference call with top executives, during which it laid out its plan to restore the bank's repuation amid the ongoing account-opening scandal.
NYSE:WFC October 11, 2016 11:22am

Wells Fargo Continues to Lose Business with Municipalities over Account Scandal

Wells Fargo SignFrom Zacks: Wells Fargo & Co (NYSE:WFC), in the latest fallout from the sales scam, is likely to be hit with bans from engaging in business activities with the city of Chicago and the state of Illinois.
NYSE:WFC October 4, 2016 6:32am

Former Employees Slap Wells Fargo with $2.6 Billion Lawsuit

From Tyler Durden: Wells Fargo & Co (NYSE:WFC) is facing a massive class action lawsuit from employees it jettisoned amid its account-opening scandal that has drawn the ire of regulators, investors, and the general public.
NYSE:WFC September 25, 2016 7:51am

Wells Fargo CEO Resigns from Fed Advisory Position

The CEO of embattled banking giant Wells Fargo & Co (NYSE:WFC), sullied by a far-reaching account-opening scandal, has resigned from his post as Reserve Bank of San Francisco's appointee to the Fed's Federal Advisory Council.
NYSE:WFC September 23, 2016 7:53am

JPMorgan Downgrades Wells Fargo, Citing “Mounting Public Scrutiny”

Embattled banking giant Wells Fargo & Co (NYSE:WFC) caught some bearish sentiment this morning from analysts at JPMorgan Chase, who noted the company could face additional regulatory actions.
NYSE:WFC September 21, 2016 8:45am

Wells Fargo CEO Refuses to Resign Over Account-Opening Scandal

wells-fargo-logoFrom ZeroHedge: Today at 10am, the US public will be treated to the latest Congressional kangaroo court, when Wells Fargo & Co (NYSE:WFC) CEO John Stumpf will tell the Senate Banking Committee that he is "deeply sorry", and accepts “full responsibility” for unethical sales practices in its retail banking business while apologizing for “not doing more sooner” to address the cause of such behavior.
NYSE:WFC September 20, 2016 9:01am

Should Investors Buy Wells Fargo on This Pullback?

From Bob Ciura: In this low-interest-rate world, income is hard to come by. Bonds yield relatively little, and savings vehicles like certificates of deposit yield even less. This has compelled many investors to buy dividend stocks, and for good reason.
NYSE:WFC September 16, 2016 7:06am

What Else is Wells Fargo Hiding?

Once considered the gold standard of all U.S. banks, Wells Fargo & Co (NYSE:WFC) has seen its reputation destroyed amid an account-opening scandal. What else could the bank be hiding behind the scenes?
NYSE:WFC September 13, 2016 3:28pm

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