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 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 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'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
  • Wells Fargo Gains Amid Government Backlash, Berkshire Backing
    Wells Fargo WFC stock surged over 2.60% on Wednesday, despite reports that Sen. Elizabeth Warren sent a critical letter to CEO Tim Sloan, questioning the embattled banking giant’s recent customer refund initiatives. Sen. Warren called out Sloan and Wells ...
    02/19/2018 - 11:02 am | View Link
  • Pros and Cons of Investing in Wells Fargo Stock
    Despite being one of the nation's largest banks, Wells Fargo & Co. (NYSE: WFC) enters 2018 under fire on multiple fronts, and its share price is showing some wear and tear as a result. Its primary problems are on the regulatory front and with customer and ...
    02/19/2018 - 12:41 am | View Link
  • Wells Fargo: They Should Do This
    The Consumer Financial Protection Bureau (CFPB) meted out a $185 million fine that included a $100 million penalty to Wells Fargo in 2016 for their violation and abuse of consumer trust. The San Francisco-based bank, whose employees opened many fraudulent ...
    02/17/2018 - 5:01 pm | View Link
  • Elizabeth Warren: Wells Fargo's cleanup efforts are 'utterly inept'
    NEW YORK (CNNMoney) — Elizabeth Warren wants to know: How is it that Wells Fargo keeps making mistakes? In a letter dated Tuesday, the Democratic senator slammed CEO Tim Sloan over the bank's "utterly inept" efforts to compensate customers after a series ...
    02/16/2018 - 10:52 pm | View Link
  • Wells Fargo's Latest Divestiture A Step In The Right Direction
    Wells Fargo is reportedly selling its auto finance business in Puerto Rico, Reliable Financial Services, to Banco Popular de Puerto Rico. The deal will result in $1.5 billion in auto loans and $340 million in commercial loans changing hands from Wells ...
    02/16/2018 - 10:41 pm | View Link
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  • Wells Fargo & Company
    News about Wells Fargo & Company. Commentary and archival information about Wells Fargo & Company from The New York Times.
    02/11/2018 - 7:51 am | View Link
  • Wells Fargo Online Newsroom
    Wells Fargo Newsroom provides an easy place to find news releases, social media links and media contacts.
    02/11/2018 - 2:50 am | View Link
  • Wells Fargo Bank at 2500 S GROVE AVE in Ontario CA 91761
    Get phone number, store/atm hours, services and driving directions for SOUTH ONTARIO
    02/11/2018 - 1:24 am | View Link
  • Wells Fargo – Banking, Credit Cards, Loans, Insurance ...
    Wells Fargo: Provider of banking, mortgage, investing, credit card, insurance, and personal, small business, and commercial financial services. Learn more.
    02/11/2018 - 1:03 am | View Link
  • Wells Fargo Bank Locations & Hours Near Bloomington, CA
    Find 342 listings related to Wells Fargo Bank in Bloomington on YP.com. See reviews, photos, directions, phone numbers and more for Wells Fargo Bank locations in ...
    02/10/2018 - 10:54 pm | View Link
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