Wells Fargo Profit Up 17%

The nation's largest mortgage lender said revenue from mortgage banking jumped almost 80% and consumers borrowed more on their credit cards. But it called the economic recovery uneven.

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Topics:  banks   credit cards   economy   mortgage   profit   u.s. economy   wells fargo   
  • US home sales rebound slightly in FebruaryUS home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tourObama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn'tUS home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • I Went to a Wells Fargo Branch, this is What Happened Next
    I walked into my Wells Fargo branch to put my data backup into my safe deposit box, as I’ve been doing for a decade. This routine business turned into a wake-up call about safe deposit boxes and churned up insights into how Wells Fargo conducts to this ...
    10/22/2016 - 7:02 pm | View Link
  • Elizabeth Warren on Wells Fargo CEO's resignation: 'He's one for three'
    Stumpf's end at Wells Fargo comes a little over a month after the bank was fined by California and federal regulators $185 million over its sales practices. "In the wake of the bank's recent sales practise scandal, Stumpf stated: "[It is] best for the ...
    10/22/2016 - 6:45 pm | View Link
  • Financial Watchlist of Wells Fargo & Company (NYSE:WFC)
    Since Wells Fargo's practice of opening bogus accounts in customers' names was first exposed, reports of the boiler room-like sales culture that led to the scheme have leaked out of the bank. Several other brokerages have also recently commented on WFC.
    10/22/2016 - 6:19 pm | View Link
  • Wells Fargo's wealth unit ditches 'cross-sell' measure for referred assets
    Wells Fargo & Co. has a 1-year low of $43.55 and a 1-year high of $56.34. A number of other hedge funds also recently modified their holdings of the stock. By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Wells Fargo ...
    10/22/2016 - 5:26 pm | View Link
  • Wells Fargo Fraud Scandal Could Force Branch Closures
    Wells Fargo & Co. accounts for approximately 0.7% of Dimensional Fund Advisors LP's investment portfolio, making the stock its 9th largest position. Peter Thiel bet on Trump, but the tech titan still comes out a victor MORE (D-Mass) and Bob MenendezRobert ...
    10/22/2016 - 4:31 pm | View Link
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  • Wells Fargo
    Wells Fargo & Company is an American international banking and financial services holding company headquartered in San Francisco, California, with ...
    10/20/2016 - 12:07 pm | View Website
  • Wells Fargo (@WellsFargo) | Twitter
    Wells Fargo Verified account @ WellsFargo. Welcome to our Twitter page! We provide financial education, community news & more. For questions please contact us at ...
    10/17/2016 - 2:37 am | View Website
  • WFC Stock Price & News
    Wells Fargo & Co. Stock - WFC news, historical stock charts, analyst ratings, financials, and today’s Wells Fargo & Co. stock price.
    10/16/2016 - 3:22 am | View Website
  • Wells Fargo
    Wells Fargo is a provider of banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services.
    10/15/2016 - 9:24 pm | View Website
  • Wells Fargo
    With Wells Fargo Mobile® Banking, you can conveniently pay bills, send money, deposit checks, or just check your balance—almost anytime, anywhere.
    10/15/2016 - 10:11 am | View Website
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