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A jump in fee income helped the San Francisco-based bank boost second-quarter earnings per share by 20% from a year ago.
Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer reflected on. Cramer noted that his trust upgraded the stock ...
Bank leaders pose at their first earnings call since federal regulators ended the $2 trillion asset cap tied to a bank sales ...
Wells Fargo (NYSE:WFC) aims to build up corporate and investment bank and expand its branded credit-card business, among its list of plans to grow the bank after seven years of being constrained ...
A jump in fee income helped the San Francisco-based bank boost second-quarter earnings per share by 20% from a year ago.
On June 3, the Federal Reserve lifted Wells Fargo’s asset cap tied to 2018 consent order. Goldman Sachs estimates up to 19% EPS upside through 2026. From tariffs to inflation, macro risks are ...
The Federal Reserve imposed the asset cap on Wells in February 2018, limiting the size of its balance sheet to about $1.9 trillion. The cap, a first-of-its-kind punishment, was imposed after the ...
Wells Fargo CEO Charlie Scharf was among the C-suite executives who toasted the end of the asset cap with champagne, and told the Wall Street Journal, “Now I can start having more fun.”He said ...
"We are a different and far stronger company today because of the work we’ve done,” said Wells Fargo CEO Charlie Scharf in a statement. Scharf also announced that each of the 215,000 employees ...
San Francisco-based Wells Fargo, one of the nation’s largest banks, received welcome news on Tuesday when the Federal Reserve lifted restrictions on the company’s asset growth.
Wells Fargo & Co.’s Federal Reserve-imposed asset cap that restricted its size for more than seven years was “grossly unfair,” said Jamie Dimon, longtime boss of its biggest rival.