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
  • Bank of America, Wells Fargo would have enough capital in recession, ... - Raleigh News & Observer
    Bank of America and Wells Fargo would have enough capital to weather a hypothetical severe recession, the Federal Reserve said Thursday in releasing
    06/24/2016 - 5:11 am | View Link
  • Wells Fargo Shares Are Getting Cheap - FOXBusiness.com
    The Wells Fargo building in Charlotte, North Carolina. Image source: Wikimedia Commons. Shares of Wells Fargo are approaching their 52-week low...
    06/16/2016 - 3:12 pm | View Link
  • Wells Fargo's stock drops toward longest losing streak in over 8 1/2 ... - TD Ameritrade
    Wells Fargo & Co.'s stock (WFC) slumped 0.9% to a four-month low in midday trade Thursday, which put it on track to suffer the longest losing streak
    06/16/2016 - 12:48 pm | View Link
  • Wells Fargo To Be Exclusive Sponsor Of Women Presidents' ... - WorldNetDaily
    NEW YORK , June 16, 2016 /PRNewswire-USNewswire/ -- The Women Presidents' Organization (WPO) has announced Wells Fargo & Company is the exclusive
    06/16/2016 - 12:13 pm | View Link
  • Wells Fargo Commits $5 Million to Boost Seattle-King County ... - Yahoo! Finance
    Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories. View source version on businesswire.com
    06/15/2016 - 2:36 pm | View Link
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  • Axis Bank to tie up with Wells Fargo other international banks to drive fintech innovation
    MUMBAI: Private sector lender Axis Bank has set up an innovation lab facility - "Thought Factory" aimed at accelerating development of innovative technology solutions for the banking sector. The bank is set to tie up with Wells Fargo - the American ...
    06/29/2016 - 5:16 am | View Link
  • Wells Fargo Steps in on Peer-to-Peer Mobile with clearXchange
    It’s one of the biggest points affecting mobile payments these days: peer-to-peer (P2P) mobile payments, or more often, the lack thereof. That’s a point that Wells Fargo is out to fix with its new real-time P2P payments system, which it’s bringing ...
    06/29/2016 - 4:57 am | View Link
  • US: Another strong month for consumption
    Analysts from Wells Fargo, point out that personal consumption had another strong month in May and is driving growth in the second quarter; regarding personal income, they observed a slowdown, “perhaps as a consequence of the slowdown in job growth”.
    06/29/2016 - 4:43 am | View Link
  • Company Update (NYSE:WFC): Wells Fargo Public Finance Expands; New Directors in Boston and NY
    [Business Wire] – Wells Fargo Securities, LLC , the capital markets and investment banking business of Wells Fargo & Company , announced today that the Public Finance Investment Banking group – among the top underwriters of negotiated new issuance to ...
    06/29/2016 - 4:38 am | View Link
  • Wells Fargo and the Stress Test in 3 Charts
    The purpose of the annual stress test is to assess whether banks with $50 billion or more in assets on their balance sheets have enough capital to survive a severe economic downturn. The assumptions in this year's test, for instance, combine the worst ...
    06/29/2016 - 3:48 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 ...
    06/28/2016 - 7:12 am | View Link
  • WFC Stock Quote
    Updated stock quote for wfc - including wfc stock price today, earnings and estimates, stock charts, news, futures and other investing data.
    06/26/2016 - 8:15 pm | View Link
  • 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 ...
    06/26/2016 - 7:10 pm | View Link
  • Online Banking
    Manage your banking online or via your mobile device at wellsfargo.com. With Wells Fargo Online® Banking, access your checking, savings and other accounts, pay bills ...
    06/24/2016 - 10:02 am | View Link
  • Bank and ATM Locations in 94707 in Berkeley CA
    Find Wells Fargo Bank and ATM Locations in Berkeley. Get hours, services and driving directions.
    06/24/2016 - 6:34 am | View Link
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