Shares of Wells Fargo & Company (WFC) have recorded a year-to-date return of 29.8%. Impressive organic growth, expense reduction initiatives and strong capital deployment activities of the company acted as the positives behind this growth story. However, we are not very optimistic about these positives translating to further price appreciation...
Wells Fargo & Company (NYSE:WFC) will announce its earnings before the market opens on Friday, January 11th. The company’s fourth quarter 2012 earnings will mark an end to a year which should have spelt growth and recovery for the company, but ended up delivering much less than was expected. Analysts...
Yesterday, United States Attorney for the Southern District of New York filed a civil mortgage fraud lawsuit against Wells Fargo & Company (NYSE:WFC) seeking treble damages and civil penalties relating to WFC's role in the FHA's Direct Endorsement Lender Program. The lawsuit identifies approximately $190 million in insurance claims paid by the FHA on...
Wells Fargo & Company (NYSE:WFC), the fourth largest bank in the United States, is facing a civil mortgage fraud lawsuit, filed by U.S. Attorney for the Southern District of New York, Preet Bharara, General Counsel, Helen Kanovsky, and Inspector General, David Montoyo, from the Department of Housing and Urban Development....
Wells Fargo & Company (NYSE:WFC) has named John Shrewsberry as the new chief financial officer (CFO), replacing Timothy Sloan, who will now head the wholesale banking division after its stellar performance. Wholesale banking Chief David Hoyt, 58 will bid adieu to the firm after 32 years of service. “Today’s appointments...
Wells Fargo & Company (NYSE:WFC) announced its fourth quarter earnings on Friday, and exceeded expectations thanks to strong loan growth. Its quarterly profit increased 24 percent to see a record high, while setting aside less money for bad loans and making greater fees from mortgages, reported Reuters. Mortgage fees jumped almost 30 percent...