News - Wells Fargo Q3 earnings up 21% on lower credit provisions
Wells Fargo (NYSE:WFC), the fourth-largest US bank by assets, said Monday that third-quarter earnings rose 21 percent as it continued to benefit from sharply lower credit-loss provisions, although...
View ArticleNews - Wells Fargo posts 20% hike in Q4 profits on loan, deposit growth
Wells Fargo & Co. (NYSE:WFC) announced Tuesday its fourth quarter profits increased over 20 percent, largely on strong deposits and lending growth.For the last three months of the year, the bank...
View ArticleNews - Wells Fargo Q1 profit tops Street views
Wells Fargo & Co. (NYSE:WFC) reported Friday first-quarter earnings jumped 13 percent on stronger revenue in mortgage banking and lower delinquent loans. Net earnings available to common...
View ArticleNews - Wells Fargo resolves Memphis mortgage lawsuit
Wells Fargo (NYSE:WFC) late Tuesday reached an agreement with Memphis and Shelby County to resolve a discriminatory lending practices lawsuit.The city and county have agreed to dismiss the federal suit...
View ArticleNews - Wells Fargo to acquire $6 bln fund financing portfolio from WestLB
Wells Fargo (NYSE:WFC) Monday announced it will acquire WestLB’s subscription finance portfolio - worth about $6 billion in commitments (approximately $3 billion outstanding).Terms of the agreement...
View ArticleNews - Wells Fargo to pay $125 million in race discrimination probe
Wells Fargo & Co. (NYSE:WFC) Thursday agreed to pay $125 million to settle an investigation into allagations of discrimination on the basis of race and national origin in its mortgage lending...
View ArticleNews - Wells Fargo beats Street on higher mortgage banking income
Wells Fargo & Co. (NYSE:WFC) reported Friday fiscal second-quarter earnings that beat analyst expectations thanks to increased mortgage income and lower provisions for credit losses. The San...
View ArticleNews - Wells Fargo & Co. to pay $6.5 million to settle SEC charges
Wells Fargo & Co. (NYSE:WFC) Tuesday conceded to pay over $6.5 million to settle charges by the Securities and Exchange Commission (SEC) that the bank's brokers didn't properly inform customers...
View ArticleNews - Wells Fargo Q3 profits soar 22%
Wells Fargo & Co.'s (NYSE:WFC) third-quarter earnings rose 22 per cent as revenue and mortgage income grew and credit strengthened. For the three months ended September 30, Wells Fargo posted a...
View ArticleNews - Wells Fargo's Q4 tops Street views, but net interest margin falls
Wells Fargo & Co. (NYSE:WFC) Friday said its fourth quarter profit grew 24 per cent, topping estimates on “solid loan growth”, better credit quality and improved efficiency, but its net interest...
View ArticleNews - Wells Fargo Q1 profit tops views; revenues miss on lower mortgage income
Shares of Wells Fargo & Co. (NYSE:WFC) slid in premarket trade Friday, after its first quarter results showed profits that topped analysts’ estimates, but revenue came up short due to lower...
View ArticleNews - Wells Fargo snaps three-day losing run as Q2 profit beats estimates
Wells Fargo & Co. (NYSE:WFC), the fourth-biggest U.S. bank by assets and the country's largest home lender with a 22 percent market share, ended three days of losses after posting...
View ArticleNews - Wells Fargo settles Freddie Mac loan claims for $869 mln
Wells Fargo & Co. (NYSE:WFC), the largest U.S. home lender, has agreed a settlement with government-controlled mortgage company Freddie Mac to resolve claims over faulty loans it sold to the firm....
View ArticleNews - Wells Fargo slides on weak 3Q mortgage business
Wells Fargo & Co (NYSE:WFC), the biggest U.S. mortgage lender, retreated in early trading as its net income from mortgage banking fell sharply in the third quarter despite reporting a...
View ArticleNews - Wells Fargo slides as weak mortgage lending hurts Q4 results
Wells Fargo & Co. (WFC:US), the largest U.S. home lender, dropped in morning trade after a steep drop in mortgage lending weighed on its fourth-quarter earnings that beat analysts' estimates....
View ArticleNews - Wells Fargo reports strong Q1 earnings, lower revenue
Wells Fargo & Co. (NYSE:WFC), the biggest U.S. mortgage lender, posted a better-than-expected 14 percent increase in first quarter profit as it continued to trim provisions for bad loans. Net...
View ArticleNews - Wells Fargo drops as company snaps 17-quarter streak of rising EPS
Wells Fargo & Co. (NYSE:WFC) declined in pre-market trade after the biggest U.S. mortgage lender snapped a 17-quarter streak of rising per-share earnings. Shares fell 1.2 percent to $51.20 at 8:58...
View ArticleNews - Wells Fargo Q4 profit matches estimates, but net interest margin narrows
Wells Fargo (NYSE:WFC), the biggest U.S. mortgage lender, posted a 1.8% increase in fourth-quarter profit, matching Wall Street’s expectations, but a key measure of lending profitability continued to...
View ArticleNews - Wells Fargo Q2 profit equals estimates as higher rates weaken mortgages
Wells Fargo & Co, (NYSE:WFC), the largest U.S. mortgage lender, reported second-quarter profit that matched analysts’ estimates as higher interest rates crimped revenue from mortgage banking. Net...
View ArticleNews - Wells Fargo Q3 earnings up 21% on lower credit provisions
Wells Fargo (NYSE:WFC), the fourth-largest US bank by assets, said Monday that third-quarter earnings rose 21 percent as it continued to benefit from sharply lower credit-loss provisions, although...
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