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The bank has managed to reduce its total number of troubled CRE loans over the last year despite adding 90 more loans for ...
Wells Fargo on Tuesday lowered its outlook net interest income, a key measure of profitability, sending shares lower.
The Motley Fool. DATE Tuesday, July 15, 2025, at 10 a.m. EDT CALL PARTICIPANTS Chief Executive Officer — Charlie ScharfChief Financial Officer — Mike Santomassimo Need a quote from one of our analysts ...
Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR executive at the bank is coercing ...
Wells Fargo faces plenty of challenges as the bank grapples with loan losses amid a weakening economy.
Wells Fargo's plan to make big reductions in its mortgage business could mean more jobs losses at the company’s offices in the Des Moines metro, where the region's largest private employer ...
Wells Fargo faces potential losses of up to $3 billion on its office building loans over the next 3-4 years. The bank’s balance sheet is de-risked, with full reserves set aside for potential losses.
Shares of Wells Fargo & Co. WFC slid 9.12% to $65.67 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 4.84% to 5,396.52 ...
A class of plaintiffs who are former investors of Wells Fargo sued the bank in 2022, claiming that it conducted fake job interviews to get around the company’s diversity guidelines.
As a result, Wells Fargo predicts Boeing will sell between $10 billion and $15 billion in new stock to account for lost earnings, according to an analyst note dated Oct. 9. Boeing previously ...
Wells Fargo said net charge-offs on loans tied to the struggling commercial real estate sector roughly doubled from a year earlier to $184 million in the third quarter and that the bank expected ...