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Wells Fargo's sevenfold rise in profits came during what is shaping up to be an economic resurgence. That has prompted banks to release some of the money they stowed away last year to protect against soured loans, which has boosted their bottom lines......»»

Wells Fargo's first quarter profits suffered as the bank set aside billions to gird for the effect the ongoing economic shutdown will have on the world economy......»»

Quarterly prof.....»»

Wells Fargo & Co on Tuesday reported a plunge in first-quarter profit as the U.S. bank set aside nearly $4 billion to cover potential losses on loans to consumers and small businesses hurting due to the coronavirus outbreak......»»

Although Wells Fargo & Co settled major probes with federal agencies over abusive sales practices last week, the bank and its former executives are not out of the woods yet, legal and regulatory experts said......»»

Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes.".....»»

Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes"......»»

Wells Fargo & Co reported a 55% slump in fourth-quarter profit on Tuesday, as the fallout from a sales scandal that erupted in 2016 drove the bank to set aside another $1.5 billion toward legal expenses......»»

Wells Fargo & Co missed third-quarter profit estimates on Tuesday as mortgage income sank and the fourth-largest U.S. bank by assets braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago......»»

Wells Fargo & Co reported a 26% slump in quarterly profit on Tuesday, as mortgage income sank and it braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago......»»

Wells Fargo & Co reported a 26% fall in quarterly profit on Tuesday, as the lender braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Wells Fargo & Co said on Friday that it boosted its estimate for a possible legal reserve shortfall to $3.9 billion for the quarter ending June 30, from $3.1 billion earlier this year, according to a regulatory filing......»»

Wells Fargo & Co. (NYSE: WFC) is investigating two issues with its consumer deposit accounts — both of which will likely come with payouts to regulators and/or those affected. The bank said it is reviewing past disclosures to customers about the .....»»

Wells Fargo & Co. said it expects to refu.....»»

Consumer banking giant Wells Fargo said its profits rose by 14% from a year earlier, helped by higher interest rates which offset the restrictions put on the bank's businesses after years of scandal......»»

Top bank CEOs face new scrutiny on practices and profits; the head of Wells Fargo won't make an appearance.....»»

Quarterly profit at JPMorgan Chase missed expectations, Wells Fargo and Citi beat on profits. Aleksandra Michalska reports. Video provided by Reute.....»»

Quarterly profit at JPMorgan Chase missed expectations, Wells Fargo and Citi beat on profits. Aleksandra Michalska reports......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»