Investors want to know. How well is this particular bank problem contained? Will depositors tend to move toward the perceived safety, whether or not this is reality, of the large, U.S. money-center ...
Tag: Fargo
Wells Fargo Customers Report Issues With Online Bank Accounts
Wells Fargo News: Even as the biggest US banks faced the heat due to the closure of California’s Silicon Valley Bank, customers of major bank Wells Fargo reported facing issues in their online bank ac...
Wells Fargo Customers Report Missed Paychecks Due To Apparent Glitch
Topline Numerous Wells Fargo online banking users complained of not seeing scheduled paychecks hit their accounts Friday, which the bank blames on a technical issue that does not appear connected to T...
Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some to a California resort
Picture a conference in Palm Desert, Calif., where the weather is warm and the activities are as much recreational as educational. Wells Fargo bankers were recently treated to such a company-sponsored...
Wells Fargo lays off mortgage bankers days after rewarding some with California retreat
Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...
Wells Fargo boosts digital connection with rich clients
Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo is unveiling a new platform to boost digital engagement ...
Generac shares now lack a meaningful upside: Wells Fargo
Generac Holdings Inc (NYSE: GNRC) is trading meaningfully down on Friday after a Wells Fargo analyst downgraded the stock to “equal weight”. Why did he downgrade Generac shares? That’s an interesting ...
Wells Fargo didn’t act after an L.A. executive was raped by her boss, lawsuit alleges
A former Wells Fargo senior vice president has sued the bank, accusing it of inaction and retaliation after her complaints of sexual misconduct by a higher-ranking employee. (Mark Lennihan / Associate...
Wells Fargo sees a 50% upside
Spotify Technology SA (NYSE: SPOT) is trading up on Monday after a Wells Fargo analyst turned super bullish on the audio streaming giant that he said was now “off margin probation”. Spotify stock coul...
Wells Fargo Suggests 2 Stocks for Investors Seeking Shelter
Investors seem to have greeted the new year with a sense of optimism. The general direction has so far been up; after all, things can’t really get much worse than they were in 2022, can they? Well, no...
Bank earnings are in. Wells Fargo, Morgan Stanley still our favorites
With all the major investment and money center banks having now reported fiscal fourth-quarter earnings, we compiled the results to compare how our Club holdings, Wells Fargo (WFC) and Morgan Stanley ...
Wells Fargo gives a bullish endorsement to beleaguered Disney
Wells Fargo on Tuesday said it expects Walt Disney (DIS) to “come out swinging” when the entertainment conglomerate reports fiscal first-quarter results early next month. At the Club, we&#...
JP Morgan, Wells Fargo, BofA New Wallet Offer Crypto Payments?
Crypto Payments Wallet News: Banking giants, including Wall Street biggies Wells Fargo, Bank of America and JPMorgan Chase are preparing to launch a new payments wallet. The wallet is seen as the bank...
Wells Fargo, Disney, and 10 Other Stocks Value Investors Are Watching
Text size Eaton Vance’s Adam Dunn expects cost cutting at Disney and a more balanced approach to growth and profitability at Disney+ under newly reinstalled CEO Bob Iger. Getty Images Sometimes, being...
Wells Fargo Suggests 2 Stocks to Buy
Are the markets heading up or down? Frankly nobody knows, with some experts saying the next leg is down again and others calling for further upside. Finding the solution to this conundrum, one financi...
Jim Cramer’s Investing Club meeting Tuesday: Wells Fargo, Emerson
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stick with Wells Fargo Ini...
JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about headwinds remain
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s reduced expectations for their fourth-quarter profits as higher interest rates b...
JPMorgan Chase, Bank of America and Wells Fargo earnings show the good, the bad and the ugly of people’s finances. So how are they holding up?
Friday’s wave of big-bank earnings gives an important glimpse into Americans’ finances amid high prices, rising interest rates and recession worries. At first glance, most consumers appear to be keepi...
Wells Fargo had its profit cut in half: ‘I’m still bullish’
Wells Fargo & Co (NYSE: WFC) ended slightly up on Friday even though it reported weaker-than-expected revenue for its fiscal fourth quarter. Pro’s take on Wells Fargo stock post earnings Its quart...
Jim Cramer’s Investing Club meeting Friday: Overbought, Wells Fargo
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Look to trim in an overboug...
Wells Fargo WFC Q4 earnings 2022
People walk past a Wells Fargo bank on 14th Street on December 20, 2022 in New York City. Michael M. Santiago | Getty Images Wells Fargo shares came under pressure Friday after the bank reported shri...
Wells Fargo Is Backing Out Of The Mortgage Market
(Photo by Robert Alexander/Getty Images) Getty Images Key takeaways Wells Fargo, the country’s third largest mortgage lender, is stepping back from the mortgage market. While not exiting it enti...
What’s up with Wells Fargo exiting their position as America’s top mortgage servicer and third largest originator?
This post originally appeared on The Basis Point: What’s up with Wells Fargo exiting their position as America’s top mortgage servicer and third largest originator? Wells Fargo is America’s largest mo...
Stocks moving after hours: Wells Fargo, Franchise Group
Wells Fargo (WFC) Wells Fargo announced it will create a more focused home lending business. The bank’s move comes amid with a stagnant housing market. Mortgage rates above 6.5% have put a dampe...
Wells Fargo is scaling back its mortgage-lending business
Wells Fargo & Co (NYSE: WFC) just revealed plans of trimming its footprint in home lending. Moving forward, it will offer home loans only to existing customers and “minority” borrowers. Wells Farg...
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Blo...
Wells Fargo VP Fired After Mid-Flight Urination Incident
Wells Fargo (WFC) – Get Free Report did not have a great year in 2022, and it looks like 2023 is kicking off with a real banger. The bank was called out for several of its major moves last year...
2023 is not the year to own Target stock: Wells Fargo
Target Corporation (NYSE: TGT) significantly underperformed the broader market in 2022. But the new year, as per a Wells Fargo analyst, is unlikely to be a great one for it either. Target stock could ...
Ripple CEO Brad Garlinghouse Says $3,700,000,000 Wells Fargo Violation Overshadowed by FTX
Ripple Labs CEO Brad Garlinghouse says that most people are obsessing over recent debacles in the crypto industry while ignoring what’s going on in the traditional finance world. Garlinghouse says tha...
Wells Fargo Mismanagement of Billions In Customer Funds Not Highlighted Like FTX
– Advertisement – Brad Garlinghouse is not comfortable with the media coverage Wells Fargo’s asset mismanagement is getting compared to the FTX implosion. Brad Garlinghouse, American busin...
Snowflake Is a Great Cloud Stock to Buy on the Dip, Says Wells Fargo
Investors should buy Snowflake shares because companies are going to need the cloud-software data warehousing company’s services even as the economy slows down, Wells Fargo Securities says. On Friday,...