Goldman: Buy Wells Fargo -
wells fargo

Goldman: Buy Wells Fargo

Barron's - 14 May 2014
If Wells Fargo is good enough for Warren Buffett, it should be good enough for you, too. Buffett's favorite bank will update investors on key financial measures at a May 20 investor day meeting. Goldman Sachs is telling clients to prepare for the stock ...
wells fargo

New Wells Fargo CEO defends board that got it into this mess

San Francisco Chronicle - 27 Jun 2017
Give this to Wells Fargo CEO Timothy Sloan: It takes a lot of guts to speak at a conference dedicated to good corporate governance when the bank you lead has confessed to employees creating up to two million fraudulent accounts in customers' names.
wells fargo

Wells Fargo to sell commercial insurance business

Reuters - 27 Jun 2017
Wells Fargo & Co (WFC.N) said on Tuesday it agreed to sell its commercial insurance business to private insurer USI Insurance Services, as the third-largest U.S. bank plans to focus on core banking products and services. The financial terms of the deal ...
wells fargo

How a crisis made innovation easier at Wells Fargo

American Banker - 28 Jun 2017
How does the innovation group inside a bank relieve the natural tension with the business lines it has been appointed to disrupt? A scandal can help. In the case of Wells Fargo, it has. “The resistance may have been more before our event in October ...
wells fargo

2017 reputation survey: Banks avoid the Wells Fargo drag

American Banker - 28 Jun 2017
Banks are still working to rebuild their reputations following the financial crisis and, luckily for them, the phony-accounts scandal that erupted at one of the nation's most prominent retail banks did not drag down the broader industry. While Wells ...
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Wells Fargo faces its next big test on Wednesday

Charlotte Observer - 26 Jun 2017
Wells Fargo learns Wednesday whether a spate of recent setbacks, including its September sales scandal, will cause it to stumble on a key examination by the Federal Reserve. The San Francisco-based bank has sailed through all of the Fed's previous ...
wells fargo

JPMorgan, BofA, Citi, Wells Fargo Hike Payouts, OK Massive Buybacks

Investor's Business Daily - 28 Jun 2017
JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Goldman Sachs (GS) were among the nation's biggest banks that got the OK from the Federal Reserve to hike shareholder returns, the second round of the central bank's annual stress tests ...
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Kinston Library Receives Grant from Wells Fargo Foundation

Kinston Free Press - 28 Jun 2017
The Kinston-Lenoir County Friends of the Library is pleased to announce the receipt of a grant award of $1,500 from the Wells Fargo Foundation Community Partner Program to provide STEAM, science, technology, engineering, arts and math, programming to ...
wells fargo

BRIEF-Wells Fargo receives no objection to its 2017 capital plan

Reuters - 28 Jun 2017
BRIEF-Wells Fargo receives no objection to its 2017 capital plan. June 28 Wells Fargo & Co. * Wells Fargo receives no objection to its 2017 capital plan. * Wells Fargo & Co - expects to increase q3 2017 common stock dividend to $0.39 per share from $0 ...
wells fargo

Wells Fargo Is Accused of Making Improper Changes to Mortgages

New York Times - 14 Jun 2017
Even as Wells Fargo was reeling from a major scandal in its consumer bank last year, officials in the company's mortgage business were putting through unauthorized changes to home loans held by customers in bankruptcy, a new class action and other ...
wells fargo

Wells Fargo to Sell Commercial Insurance Business to USI - 27 Jun 2017
Wells Fargo & Co. (WFC) will sell its commercial insurance operations to USI Insurance Services, the company announced Tuesday. Financial details surrounding the deal were not disclosed, but the deal is expected to close in the fourth quarter. The bank ...

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