Wells Fargo Cancels Ex-CEO’s $15M Stock Award
The bank indicated Tim Sloan did not do enough to resolve the regulatory problems it faced in the wake of its fake-accounts scandal.
Wells Fargo Shares Dip 3% on Profit Outlook
The bank's Q1 earnings beat estimates but it reduced its net interest income guidance for 2019 to a 2% to 5% decline.
Wells Fargo Reaches Settlement to Resolve State Investigations
The bank will pay $575 million to resolve claims related to fake accounts and improper fees.
Wells Fargo Profit Gets Boost From Cost Cutting
The bank's third-quarter results "reflect the transformational changes we've been making at Wells Fargo," CEO Tim Sloan says.
Wells Misses Estimates With Broad Weakness
Bank executives point to progress in cost-cutting initiatives as evidence that Wells Fargo's turnaround effort is on track.
Tax Savings Fuel Wells Fargo Q4 Earnings Beat
The bank is still struggling to put the fake-accounts scandal behind it, taking a $3.25 billion pre-tax expense for anticipated legal costs.
Litigation Costs Put Dent in Wells Fargo Profit
The beleaguered bank's shares fall 2.7% after it reports Q3 net income fell to $4.6 billion from $5.6 billion one year ago while EPS misses estimates.
Wells Fargo Reports More Problem Accounts
The bank says it may have created up to 3.5 million accounts without customers’ authorization, well in excess of its previous 2.1 million estimate.
Wells Fargo Earnings Hit by Accounts Scandal
The bank reported net income was flat at $5.5 billion for the first quarter while revenue fell to $22 billion from $22.6 billion a year earlier.