NEW YORK, NEW YORK - MAY 17: President and CEO of Wells Fargo Charlie Scharf attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022 in New York City. (Photo by Steven Ferdman/Getty Images)Wells Fargo said Thursday one of its primary regulators has lifted a key penalty tied to its 2016 fake accounts scandal.The bank said in a release that the Office of the Comptroller of the Currency terminated a consent order that forced it to revamp how it sells its retail p ...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo today confirmed that the Office of the Comptroller of the Currency (OCC) terminated a consent order it issued in 2016 regarding sales practices misconduct. The consent order required Wells Fargo to revamp how it offers and sells products and services to consumers and take additional actions to protect its customers and employees. Charlie Scharf, Wells Fargo’s CEO, who joined the company in 2019, said of today’s news: “I have repeatedly said that implementing a ...

Wells Fargo (WFC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this biggest U.S. mortgage lender have returned +3% over the past month versus the Zacks S&P 500 composite's +3.7% change. The Zacks Banks - Major Regional industry, to which Wells Fargo belongs, has gained 0.6% over this period. Now the key question is: Where could the stock be headed in t ...

Wells Fargo (WFC 0.88%) stock has surged more than 20% over the past 90 days, recently topping the $50 mark to reach its highest levels since early 2022.Plenty of good news fueled the rise, but it's hard not to notice the spiking valuation. While the stock looks expensive compared to its recent past, there's more to this story than meets the eye.Is Wells Fargo stock still a buy after the latest surge?Good news is to blameMany bank stocks surged in recent months after the Federal Reserve signaled an end to r ...

Wells Fargo (WFC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this biggest U.S. mortgage lender have returned +3.1% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Banks - Major Regional industry, to which Wells Fargo belongs, has gained 1.9% over this period. Now the key question is: Where could the stock be headed in the near term ...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable March 1, 2024, to stockholders of record on Feb. 2, 2024. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, thro ...

Justin Sullivan Wells Fargo & Company (NYSE:WFC) has been a long-running turnaround story. Since running into trouble thanks to its fake accounts scandals in the late 2010s, the bank has underperformed most of its large rivals. It has dealt with high legal and compliance costs, regulatory limits to growth, and a tarnished reputation with consumers. My view, however, is that Wells Fargo can be fixed and that CEO Charlie Scharf is the right person to do it. While WFC stock has had an uneven run in recent y ...

Wells Fargo benefited from a strong economic environment and higher interest rates in 2023.Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank’s quarterly earnings call that the bank also benefited from its continuing focus on efficiency and credit discipline.“We grew net income and diluted earnings per share with higher revenue and lower expenses,” Scharf said during the call. “Revenue growth was driven by strong growth in net interest income as well as higher noninterest inc ...

4Q23 Financial Results January 12, 2024 © 2024 W ...

Wells Fargo & Company (NYSE:WFC) Q4 2023 Earnings Conference Call January 12, 2024 10:00 AM ET Company Participants John Campbell – Director-Investor Relations Charlie Scharf – Chief Executive Officer Mike Santomassimo – Chief Financial Officer Conference Call Participants Steven Chubak – Wolfe Research John McDonald – Autonomous Research Ken Houston – Jefferies Scott Siefers – Piper Sandler Ebrahim Poonawala – Bank of America Erika Najarian – UBS John Pancari – Evercore ISI Gerard Cassidy – RBC Capital Mar ...