Wells Fargo & Co said on Friday it will pay $480 million to resolve a securities fraud lawsuit related to a sales scandal that surfaced in 2016. May 4 Wells Fargo & Co said on Friday it will pay $480 million to resolve a securities fraud lawsuit …
"We believe that another year in the penalty box will further damage the Wells Fargo brand," Sinegal says. "That said, we still believe the bank will be able to recover." Morningstar has an "undervalued" rating and $65 fair value estimate for …
Shares of Wells Fargo WFC gained as much as 2% in morning trading Thursday as investors gear up for the embattled bank giant’s soon-to-be-released earnings report. The firm will join peers like Citigroup C, JPMorgan Chase JPM, and …
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Starting tomorrow, quarterly results from major banks will kick-off the first quarter earnings season. The resurgence of dormant volatility due to trade war tensions, technology industry woes and inflation will certainly drive trading revenues. …
Stumpf retired from the bank weeks later. [See: 7 of the Best Stocks to Buy for 2018.] But headwinds linger for WFC stock. Most recently, the U.S. Federal Reserve announced in February that it will limit Wells Fargo's growth to $2 …
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Wells Fargo & Company (WFC) today announced dividends on twelve series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation …
The summer earnings season kicks off in full swing this Friday when a slew of big banks report their quarterly numbers. Wells Fargo & Co (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc (NYSE:C) and PNC Financial …
The reason for that is a scandal, centered in phony accounts created by employees for internal incentives, that first came to light a year ago and has only mushroomed bigger. The scandal cost CEO John Stumpf his job and, eventually, his …