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Wells Fargo reports big tax savings — and big costs for investigations, lawsuits

The new federal tax bill saved Wells Fargo & .....»»

Category: topSource: latimesJan 12th, 2018

Wells Fargo to cut costs by another $2 bln

Wells Fargo doubled its cost-cutting target after expenses soared in the aftermath of a sales scandal. Fred Katayama reports......»»

Category: videoSource: reutersMay 11th, 2017

Wells Fargo reports flat first-quarter profits amid higher costs

Wells Fargo reports flat first-quarter.....»»

Category: topSource: usatodayApr 13th, 2017

Prudential may hit Wells Fargo for account scandal costs-filing

(Reuters) - Prudential Financial Inc, the target of probes and lawsuits related to whether Wells Fargo & Co retail bankers improperly sold its insurance, may press the bank to cover costs it has run up because of the flap, according to a filing......»»

Category: topSource: reutersFeb 22nd, 2017

Prudential says it may press Wells Fargo on fake-account costs

(Bloomberg) -- Prudential Financial Inc., the insurer that’s facing regulatory scrutiny and lawsuits over its sales relationship with Wells Fargo & Co., may push the bank to cover costs tied to their botched partnership......»»

Category: topSource: moneycentralFeb 22nd, 2017

Here’s Why Wells Fargo Employees Are Suing Over Retirement Plans

The bank already faces lawsuits over creating unauthorized accounts. Wells Fargo faces a new U.S. lawsuit claiming that it funneled more than $3 billion of employee retirement savings into expensive, underperforming proprietary mutual funds to enrich .....»»

Category: europeSource: fortuneNov 25th, 2016

Wells Fargo mortgage lending draws new scrutiny; bank raises reserves to deal with litigation costs

Wells Fargo & Co. is talking to multiple regulators about investigations into its mortgage lending, and has raised reserves for possible litigation losses related to its fake accounts scandal to as much as $1.7 billion, it said in a filing this week. Wel.....»»

Category: topSource: bizjournalsNov 6th, 2016

Tiffany & Co."s price target raised after company announces fiscal 2018 spending plan

Tiffany & Co.'s price target was bumped up to $108 from $96 at Wells Fargo after the luxury jeweler announced plans to reinvest its tax reform savings in the business. Analysts maintained their market perform stock rating. Tiffany shares are up 2.....»»

Category: topSource: marketwatchJan 17th, 2018

Wells Fargo sees no end yet to sales scandal costs, gets tax boost

Wells Fargo & Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank's reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday......»»

Category: topSource: foxnewsJan 12th, 2018

JPMorgan, Wells Fargo beat Wall Street

JPMorgan Chase topped Wall Street's fourth-quarter earnings expectations after charges related to new tax code, while Wells Fargo also beat, but fell short on revenue. Aleksandra Michalska reports......»»

Category: videoSource: reutersJan 12th, 2018

Wells Fargo plans to close 800 more branches by 2020

Wells Fargo, scrambling to slash costs to offset soaring legal expenses, plans to pull the plug on another 800 branches by 2020......»»

Category: topSource: moneycentralJan 12th, 2018

Wells Fargo sees no end yet to sales scandal costs, gets tax boost

NE.....»»

Category: topSource: reutersJan 12th, 2018

Wells Fargo"s legal troubles won"t go away

Wells Fargo scored a massive $3.4 billion windfall from the tax law, but most of that was erased by mounting legal costs from the bank's various scandals......»»

Category: topSource: cnnJan 12th, 2018

Wells Fargo 4Q results rise 17 pct; posts gain from tax bill

Wells Fargo says its fourth-quarter earnings rose 17 percent from a year ago, as the consumer banking giant benefited from the recently passed GOP tax bill, but incurred additional costs related to improper sales practices and other matters......»»

Category: topSource: foxnewsJan 12th, 2018

Wells Fargo"s legal troubles erase tax windfall

Wells Fargo scored a massive $3.4 billion windfall from the tax law, but most of that was erased by mounting legal costs from the bank's various scandals......»»

Category: topSource: cnnJan 12th, 2018

Cramer prepares investors for the big banks" Friday earnings reports

Jim Cramer told investors what to pay attention to in J.P. Morgan, Wells Fargo and PNC's earnings reports......»»

Category: topSource: madmoneyJan 11th, 2018

What to Expect When Wells Fargo Reports Friday Morning

Wells Fargo will have the chance to prove itself to its customers and investors in 2018, and that starts with its fourth-quarter earnings report......»»

Category: blogSource: 247wallstJan 11th, 2018

This Week: Earnings from WD-40, JP Morgan and Wells Fargo

SQUEAKING OUT A PROFIT Lubricant maker WD-40 reports its first-quarter results on Tuesday......»»

Category: topSource: foxnewsJan 8th, 2018

Theranos gets $100M lifeline, with conditions

Embattled blood-testing startup Theranos has secured a $100 million loan, which should keep the company afloat through 2018 as it continue to battle lawsuits and close out ongoing federal investigations, the Wall Street Journal reports. The loan f.....»»

Category: topSource: bizjournalsDec 26th, 2017

Stocks close higher as some companies pledge to spend tax bill savings on higher wages - CNBC

CNBCStocks close higher as some companies pledge to spend tax bill savings on higher wagesCNBCNBCUniversal and CNBC parent Comcast, as well as Boeing AT&T and Wells Fargo, a.....»»

Category: topSource: googlenewsDec 22nd, 2017

AT&T, Boeing and Wells Fargo pass tax cut savings to workers

At least four major companies are building goodwill in the wake of the Republican tax cuts by finding ways to pass along some of their likely savings to employees......»»

Category: topSource: moneycentralDec 20th, 2017