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   
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    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
  • US casino revenue up nearly 5 percent in 2012US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • New York’s Appellate Division upholds bad faith $300K sanction on ... - Examiner.com
    ... from the appeal by Wells Fargo of an order issued by Judge Leon Ruchelsman on December 19, 2011 where the Judge found that Wells Fargo had...
    08/3/2014 - 1:33 pm | View Link
  • Wells Fargo ramp, Salter Building in Duluth to come down starting ... - Northland's NewsCenter
    ... at 10:52 PM CDT Duluth, MN (NNCNOW.com) - The long–awaited demolition of the Salter Building and the Wells Fargo parking ramp, in downtown ...
    08/3/2014 - 12:26 pm | View Link
  • Something About The American Energy Boom Story Doesn't Make Sense - Yahoo! Finance
    Something About The American Energy Boom Story Doesn't Make Sense - Business Insider
    08/3/2014 - 6:29 am | View Link
  • Wells Fargo takes retail out of game plan for China - South China Morning Post
    ... on where your competitive advantages are Richard Yorke, Wells Fargo Yorke has witnessed the entire run. Before joining Wells Fargo in 2010, he...
    08/3/2014 - 4:28 am | View Link
  • Wells Fargo Narrows Gap to Aussie Banks in Down Under Bond Sale - Bloomberg
    Wells Fargo Narrows Gap to Aussie Banks in Down Under Bond Sale - BusinessWeek
    08/1/2014 - 3:17 pm | View Link
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  • Wells Fargo Reinforces Commitments to Servicemembers
    HEADLINE2Company continues work to ensure active-duty servicemembers are aware of residential real estate loan benefits DES MOINES, Iowa, Aug 26, 2014 (BUSINESS WIRE) -- In conjunction with President Barack Obama’s administration, Wells Fargo & Company ...
    08/26/2014 - 5:21 pm | View Link
  • Current Mortgage Rates: Wells Fargo Fixed, ARM and FHA Refinance Mortgage Rates for August 26
    One of the largest mortgage loan providers in the country, Wells Fargo (NYSE: WFC) updated its mortgage rate information for today. The interest rate quotes are given presuming the borrower has strong credit standing and is ready to pay 1.00% of the total ...
    08/26/2014 - 4:59 pm | View Link
  • Charleston-based Wells Fargo bank executive promoted to Carolinas president
    Some key figures from Wells Fargo's Carolinas region: He said Monday he will be based in Charlotte and commute from Mount Pleasant, where his family will remain for at least the next few years. He also is keeping his office in Charleston, saying he plans ...
    08/26/2014 - 2:04 pm | View Link
  • Wells Fargo taps Wachovia veteran as Carolinas’ lead regional president
    Wells Fargo has named a former Wachovia executive as lead regional president for the Carolinas, a position that oversees the lender’s consumer and small-business banking activities in both states. Rick Redden, Wells Fargo’s regional president for South ...
    08/26/2014 - 12:13 pm | View Link
  • Wells Fargo CEO: GSEs choke mortgage business
    Wells Fargo (WFC) CEO John Stumpf warned the government-sponsored enterprises that they must stop being so quick to accuse banks of faulty underwriting and then forcing them to repurchase soured loans, according to an article from the Financial Times.
    08/26/2014 - 11:07 am | View Link
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  • Wachovia Is Now Wells Fargo – Wells Fargo
    Wachovia Corporation is now Wells Fargo, and all Wachovia accounts have moved to Wells Fargo.
    08/21/2014 - 4:50 am | View Link
  • Wells Fargo
    Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered in San Francisco, California, with ...
    08/21/2014 - 2:20 am | View Link
  • Wells Fargo Student Loans and Banking
    Make no payments while in school with a flexible student loan from Wells Fargo. Fund up to the cost of your education.
    08/20/2014 - 7:32 pm | View Link
  • WFC Stock Price & News
    WFC Stock Quote - latest news, historical stock charts, analyst ratings, financials, and key stock data. Today’s stock price for Wells Fargo & Co..
    08/20/2014 - 6:56 pm | View Link
  • Wells Fargo on the Forbes Global 2000 List
    Wells Fargo #8 on the Forbes Global 2000 List ... Profile. Wells Fargo & Co. is a nationwide, diversified, community-based financial services company.
    08/20/2014 - 5:59 pm | View Link
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