|Bid||51.910 x 5300|
|Ask||51.920 x 700|
|Day's Range||51.380 - 52.140|
|52 Week Range||43.550 - 59.990|
|PE Ratio (TTM)||12.96|
|Earnings Date||Oct 13, 2017|
|Dividend & Yield||1.56 (2.96%)|
|1y Target Est||57.73|
Wells, the third-largest U.S. bank, disclosed in a regulatory filing on Aug. 4 that the Consumer Financial Protection Bureau (CFPB) is looking into the matter, one of many regulatory probes the bank faces over its treatment of depositors and borrowers. A Reuters review of the regulator's complaints database found several instances of customers reporting financial hardship in recent years after Wells Fargo unexpectedly froze or closed their accounts. Others said they were victims of identity theft and Wells Fargo closed their accounts and refused to reopen them or open new ones.
Wells Fargo's longtime auditor, KPMG, is facing renewed scrutiny as the bank continues to struggle with new scandals and lawsuits that forced it to reshuffle its board and face frustrated investors. A new report from MarketWatch takes a close look at how much KPMG LLP, Wells Fargo's (WFC) auditor for 85 years, knew about the banking practices that lead to the lawsuits that have kept the bank in turmoil for almost a year. The report says KPMG played a unique role, because "external auditors should serve as another line of defense" for investors by annually certifying that their financial statements are truthful — but did not inform shareholders that it knew about some of the consumer banking practices at issue as early as 2013.
Here are MarketWatch articles to read this weekend.