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
  • Commentary: Why We Need to Stop Fining Big Banks Like Wells Fargo
    Wells Fargo settled with U.S. regulators last week, agreeing to pay a $1 billion fine for harming customers by creating fake accounts, selling unlawful insurance products, and charging unnecessary fees. The bank didn’t have to suffer through a trial.
    04/23/2018 - 10:02 am | View Link
  • Wells Fargo CEO's pay details spark pushback by some employees
    WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co’s (WFC.N) disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting.
    04/23/2018 - 9:54 am | View Link
  • Wells Fargo Agrees to $1 Billion Fine in Settlement (Audio)
    Robert Hockett, a professor at Cornell University Law School, discusses a $1 billion fine to be paid by Wells Fargo to the CFPB and the OCC to settle allegations that its auto-lending and mortgage businesses abused consumers. He speaks with Bloomberg’s ...
    04/23/2018 - 6:31 am | View Link
  • SIG cuts Wells Fargo price targets in the wake of billion-dollar fine
    SIG analyst Jack Micenko on Monday cut his estimates for per-share earnings for Wells Fargo & Co. WFC, +0.34% in the wake of the Friday announcement that the bank would pay $1 billion in fines after years of customer misdeeds. For FY 2018, Micenko now ...
    04/23/2018 - 6:20 am | View Link
  • Wells Fargo fined $1B for abuses; will cut 1Q earnings by $800M
    Wells Fargo & Co. will pay a $1 billion fine to settle claims from federal regulators that the bank mistreated consumers in its auto lending and residential mortgage units. The Consumer Financial Protection Bureau and the Office of the Comptroller of the ...
    04/23/2018 - 12:07 am | View Link
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  • Wells Fargo will be fined $1 billion
    US regulators are close to slapping Wells Fargo with a $1 billion fine for forcing customers into car insurance and charging mortgage borrowers unfair fees.
    04/19/2018 - 2:02 am | View Link
  • Wells Fargo
    Wells Fargo. 1M likes. For customer support 7 days/week, please message us. View our Social Media Community Guidelines at...
    04/15/2018 - 8:05 am | View Link
  • Wells Fargo
    Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with central offices throughout the country. It is the world's second-largest bank by market capitalization and the third largest bank in the U.S. by total assets.
    04/15/2018 - 12:27 am | View Link
  • Sign On to View Your Personal Accounts | Wells Fargo
    Click here to sign on to your Wells Fargo account(s).
    04/14/2018 - 7:04 pm | View Link
  • Wells Fargo & Company
    News about Wells Fargo & Company. Commentary and archival information about Wells Fargo & Company from The New York Times.
    04/14/2018 - 6:57 pm | View Link
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