|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||53.97 - 54.46|
|52 Week Range||49.27 - 59.99|
|PE Ratio (TTM)||13.99|
|Earnings Date||Jan 12, 2018|
|Forward Dividend & Yield||1.56 (2.86%)|
|1y Target Est||58.04|
Wells Fargo fired its head of consumer lending because of disparaging remarks he made about the regulatory system, highlighting the tense environment as the lender sorts through a variety of regulatory ...
Wells Fargo (WFC) shares slipped 0.8% Friday after the company announced it dismissed the head of its consumer lending business. In a statement early Friday, the company said Franklin Codel, a senior executive vice president, was dismissed immediately because he acted "in a manner that was contrary to the company’s policies and expectations of its senior leaders during a communication he had with a former team member regarding that team member’s earlier termination." The company didn't elaborate, but in August, Wells Fargo revealed that roughly 3.5 million customer accounts were opened with fictitious or unauthorized customer information. "Importantly, Wells Fargo indicated in the release that Codel's dismissal is not related to the sales practice or operational/financial performance issues," write Evercore ISI analysts John Pancari, Samuel Ross and Rahul Patil.
Wells Fargo on Friday said it had terminated its head of consumer lending this week, after the executive acted contrary to the bank's policies and expectations. The Wall Street Journal reported that Codel was fired over disparaging remarks he made about the regulatory system to a previously terminated senior employee involving golden parachutes, which affected the terminated employee. The former employee reported Codel’s comments to Wells Fargo, which then reported them to regulators, the Wall Street Journal reported, citing an unnamed source.
Berkshire Hathaway's top sells in 3Q17 included IBM (IBM), Wells Fargo (WFC), Charter Communications (CHTR), and Wabco Holdings (WBC).
Wells Fargo (WFC), Kraft Heinz (KHC), Apple (AAPL), Coca-Cola (KO), and Bank of America (BAC) were the top five holdings of Berkshire Hathaway’s portfolio in 3Q17.
Wells Fargo & Company announced today that Franklin Codel, a senior executive vice president and head of its Consumer Lending organization, has been dismissed from the company, effective immediately.
Berkshire Hathaway's portfolio doesn't change very often, but when it does, investors ought to know about it, especially if they own stocks Warren Buffett is selling.
Stocks bounced back big time Thursday as Wal-Mart, Cisco and Apple powered the Dow and the Nasdaq hit a new high.
Wells Fargo's settlement with U.S. military customers gives the Oracle of Omaha a fresh reason to ditch his shares in the troubled lender.
The nation’s largest banks — such as JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C), Goldman Sachs Group Inc. (NYSE: GS) and ...
Wells Fargo Advisors is moving toward a level-compensation arrangement for advisors servicing 401(k) plans, according to InvestmentNews. The firm requires that such advisors use level fees on new business, the publication reports. “We have moved to consulting contracts for new business,” a Wells Fargo spokeswoman is quoted saying.
Wells Fargo & Co's chief financial officer said on Wednesday he is not worried that consumers are struggling to pay their debts. CFO John Shrewsberry, speaking at an industry conference, said banks have been very competitive in trying to get consumers to use their credit cards, but the easy availability of credit has not yet led to a meaningful rise in defaults. Consumer defaults hit a multiyear high in May 2009 partly leading to the financial crisis, and have been roughly flat since May 2015, according to data from S&P/Experian.
Wells Fargo & Co CFO John Shrewsberry said on Wednesday he is not worried that consumers are struggling to pay their debts. Shrewsberry, speaking at an industry conference, said the bank has not changed ...
The holidays are upon us, which can mean more time with family. If you are like me, visions of family fun, laughter and joy are dancing in your head. But realistically speaking, those visions can be quickly squashed by family drama.
The third-largest U.S. bank has now repaid about $10.2 million to roughly 860 service members and their co-borrowers for improper repossessions, under a settlement announced in September 2016. Other violations covered by that settlement were discovered more recently, leading to the latest payout, the Justice Department said. Wells Fargo was also fined $20 million in September 2016 by the Office of the Comptroller of the Currency in a related case.
Nov.15 -- Eugenio Aleman, senior economist at Wells Fargo, discusses a pickup in U.S. inflation and a need for wage pressure to push sustainable growth. He speaks with Bloomberg's Julie Hyman on "Bloomberg Markets."