Wells Fargo Hires New Head of Cards
Wells Fargo & Co. workers who say the employee stock in their retirement plan was mishandled won a court order certifying their case as a 300,000-person class action.
Michael Turrin, Wells Fargo software equity research analyst, joins 'Power Lunch' to discuss the impact of Stargate's AI deal and the winners from the investment.
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance. Read why I upgrade WFC stock from sell to hold.
WFC's efforts to reduce costs and progress in fixing compliance issues look encouraging. Let us find out whether the stock is worth investing in.
Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.
Wells Fargo & Co (WFC) stock saw a decline, ending the day at $77.54 which represents a decrease of $-0.31 or -0.40% from the prior close of $77.85. The stock opened at $77.57 and touched a low of $76.
The primary driver behind last 12 months revenue was the Consumer Banking and Lending segment contributing a total revenue of US$32.6b (42% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$48.6b (82% of total expenses). Explore how WFC's revenue and expenses shape its earnings.
The American economy has entered 2025 with a strong head of steam,” Wells Fargo economists said. That's not necessarily a good thing for borrowers, who are waiting for the next Fed rate cut.
The pair preach teamwork as the banking giant plunges further into different aspects of a housing market in desperate need of the stuff.
Wells Fargo & Co.’s multi-year plan to support and build its independent broker and advisor channel is to keep on rolling in 2025, according to the bank’s chief financial officer, Michael Santomassimo. Wells Fargo Advisors is the broad marketing umbrella for close to 12,000 bank advisors, wealth management advisors, and independent advisors.
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