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 to face irritated shareholders at annual meeting
    JACKSONVILLE, Fla. (AP) - Wells Fargo's top management and board of directors will face irritated investors Tuesday for the first big shareholder meeting since the scandal over the bank's sales practices led to an executive shake-up, fines and a dented ...
    04/24/2017 - 9:37 pm | View Link
  • Wells Fargo Shareholders Get Their Chance to Mete Out Punishment
    Wells Fargo & Co. leaders have been chastened by protesters, regulators and both chambers of Congress. Now shareholders will have their say. On Tuesday, investors will decide whether to gut the board, object to executive payouts or demand more changes ...
    04/24/2017 - 9:37 pm | View Link
  • Wells Fargo CEO: Trump will get tax reform done
    Wells Fargo CEO Tim Sloan tells CNN's Poppy Harlow why tax and health care reform are the most important issues for his customers, and why he hopes Gary Cohn is influencing the Trump administration.
    04/24/2017 - 8:26 pm | View Link
  • Wells Fargo and the Failure of Boards and Regulators
    Two new reports concerning the Wells Fargo scandal suggest that the bank’s senior management, its board of directors, and the regulators all knew about the bank’s toxic practices, yet for years did nothing to stop them. Photo by Mike Mozart [CC BY ...
    04/24/2017 - 7:47 pm | View Link
  • Wells Fargo gets 'living will' approved
    Wells Fargo (NYSE:WFC) will no longer be subject to the growth restrictions imposed on it last year after U.S. banking regulators said it "adequately remedied the remaining deficiencies" of its "living will." In December, the Fed and FDIC had banned Wells ...
    04/24/2017 - 7:46 pm | View Link
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  • 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 ...
    04/17/2017 - 8:56 am | View Link
  • Wells Fargo
    Wells Fargo is a provider of banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services.
    04/17/2017 - 3:12 am | View Link
  • Wells Fargo & Company
    News about Wells Fargo & Company. Commentary and archival information about Wells Fargo & Company from The New York Times.
    04/17/2017 - 1:10 am | View Link
  • Investing Services, Financial Advisors | Wells Fargo Advisors
    Wells Fargo Advisors provides a full range of investing services and financial solutions. Visit WellsFargoAdvisors.com to consult a Financial Advisor today.
    04/16/2017 - 2:19 pm | View Link
  • WFC Stock Price & News
    Wells Fargo & Co. Stock - WFC news, historical stock charts, analyst ratings, financials, and today’s Wells Fargo & Co. stock price.
    04/15/2017 - 7:50 pm | View Link
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