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
  • Wells Fargo shares gain a fourth day on Thursday, four directors to be appointed for sales scandal investigation
    According to a person with knowledge on the matter, Stephen Sanger, Wells Fargo Chairman, and Elizabeth Duke, the company’s Vice Chair, have been appointed to a four-member committee, which will be in charge of internal investigation in regard to the ...
    12/8/2016 - 8:27 pm | View Link
  • Sawgrass Asset Management LLC Raises Stake in Wells Fargo & Co. (WFC)
    Sawgrass Asset Management LLC raised its position in Wells Fargo & Co. (NYSE:WFC) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,554 shares of the financial ...
    12/8/2016 - 5:09 pm | View Link
  • Minneapolis explores ending its Wells Fargo relationship; bank responds
    The Minneapolis City Council on Wednesday asked staff to explore ways the city could “stop doing business with financial institutions that invest in the fossil fuel industry and in projects such as the Dakota Access Pipeline,” including Wells Fargo.
    12/8/2016 - 3:08 pm | View Link
  • Will Wells Fargo's Community Lending Rating be Downgraded?
    U.S. banks’ regulator, Office of the Comptroller of the Currency (OCC), might downgrade Wells Fargo & Company WFC on a national scorecard for community lending, according to Reuters. The U.S. lender might be downgraded by two notches to "needs to improve ...
    12/8/2016 - 11:08 am | View Link
  • Wells Fargo Ex-Managers’ Suit Puts Scandal Blame Higher Up Chain
    The lawsuits piling up against Wells Fargo & Co. over its fake accounts scandal have expanded to include three former branch managers alleging that an area president ordered employees to open bogus accounts to juice sales. The area president, who may be ...
    12/8/2016 - 10:54 am | 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 "hubquarters ...
    12/4/2016 - 7:07 am | View Website
  • Bank and ATM Locations
    Find Wells Fargo Bank and ATM Locations in . Get hours, services and driving directions.
    12/3/2016 - 7:51 am | View Website
  • Wells Fargo
    Wells Fargo is a provider of banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services.
    12/3/2016 - 7:08 am | View Website
  • Wells Fargo Bank at 3001 CAPITOL AVE in Sacramento CA 95816
    Wells Fargo makes it easy to manage your accounts, order products, and pay bills online. Set up bill pay; Set Up Direct Deposit; Learn about Mobile banking
    12/3/2016 - 4:02 am | View Website
  • Wells Fargo in Sacramento, California with Reviews ...
    Find 223 listings related to Wells Fargo in Sacramento on YP.com. See reviews, photos, directions, phone numbers and more for Wells Fargo locations in Sacramento, CA.
    12/2/2016 - 1:12 am | View Website
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