Credit among consumers and businesses remains strong, despite recent concerns about loan losses that have weighed on bank ...
Wells Fargo & Co. Chief Executive Officer Charlie Scharf said risks surrounding the rapid growth of private credit shouldn’t ...
Wells Fargo’s third quarter results were met with a positive market reaction, with management crediting the momentum to both ...
Wells Fargo's said average loans outstanding in Q3 rose 2% from a year ago to $928.7 billion, the first time the portfolio ...
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment ...
In June, the Federal Reserve lifted its 2018 order against Wells Fargo. The order required the bank to improve its board ...
Wells Fargo put aside less money in case customers fall behind on their loans, reporting $681 million in provision for credit ...
Management stated, "We currently expect net interest income for 2025 to be roughly in line with full year 2024 net interest income of $47.7 billion." The CFO explained that the main driver for the ...
Wells Fargo saw the end of another one of its federal agency consent orders tied to prior problems, the bank announced Tuesday morning. In 2022, the Consumer Financial Protection Bureau ordered the ...
Wells Fargo & Co. board members agreed to spend $100 million on mortgage assistance for low- and moderate-income borrowers to ...
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