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$81.61
+2.91 (+3.70%)
At Close: Jun 04, 2026
Dimon and Other Bank CEOs to Testify on Regulations
05:55pm, Tuesday, 05'th Dec 2023
The heads of the biggest US banks, including Jamie Dimon of JPMorgan and James Gorman and Morgan Stanley, will testify in Washington on Wednesday about new proposed rules to strengthen capital require
Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
03:22pm, Tuesday, 05'th Dec 2023
Wells Fargo will reportedly incur greater-than-expected expenses from severances tied to recent job cuts. The price tag for those layoffs could come to between $750 million and just shy of $1 billi
Wells Fargo Warns of Severance Costs Up to $1 Billion
01:36pm, Tuesday, 05'th Dec 2023
The sector has had to grapple with higher funding costs and tepid loan demand and deal-making activity.
Wells Fargo CEO warns severance costs could hit $1B this quarter as more layoffs loom
01:07pm, Tuesday, 05'th Dec 2023
Wells Fargo CEO Charles Scharf warned severance costs this quarter could hit nearly $1 billion as the mega bank prepares for fresh layoffs in the coming year.
Wells Fargo & Company (WFC) Presents at Goldman Sachs 2023 US Financial Services Conference (Transcript)
11:34am, Tuesday, 05'th Dec 2023
Wells Fargo & Company (NYSE:WFC ) Goldman Sachs 2023 US Financial Services Conference December 5, 2023 8:00 AM ET Company Participants Charlie Scharf - CEO Conference Call Participants Richard Ramsden
Wells Fargo warns of big severance expense in Q4
10:15am, Tuesday, 05'th Dec 2023
Wells Fargo & Co (NYSE: WFC) opened in the red today after Charlie Scharf – its Chief Executive warned of a rather large severance expense in the final quarter of 2023. Turnover has come down at Wel
Wells Fargo CEO expects severance expenses to exceed $750 million
09:34am, Tuesday, 05'th Dec 2023
Wells Fargo CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less than $1 billion in the fourth quarter.
Wells Fargo to book up to nearly $1 billion in Q4 severance costs
09:31am, Tuesday, 05'th Dec 2023
Wells Fargo & Co.'s WFC, -1.07% stock was down by 0.4% on Tuesday after the bank said it plans to book $750 million to nearly $1 billion in fourth-quarter severance costs. Chief Executive Charlie Scha
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
08:53am, Tuesday, 05'th Dec 2023
Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.
Why the Market Dipped But Wells Fargo (WFC) Gained Today
06:47pm, Monday, 04'th Dec 2023
Wells Fargo (WFC) reachead $45.12 at the closing of the latest trading day, reflecting a +0.22% change compared to its last close.
Ex-Wells Fargo CEO sues bank for $34 million in withheld pay, stock
07:29pm, Friday, 01'st Dec 2023
Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal.
Former CEO Tim Sloan Sues Wells Fargo for $34 Million
07:23pm, Friday, 01'st Dec 2023
Former Wells Fargo CEO Tim Sloan has filed a lawsuit against the company, seeking over $34 million in unpaid compensation. Sloan alleged that Wells Fargo unlawfully withheld his deferred pay and bo
Wells Fargo (WFC) Aided by Cost Control, Hurt by Lower Revenues
02:17pm, Friday, 01'st Dec 2023
Wells Fargo's (WFC) cost-saving measures, like branch closures and headcount reduction, will help offset falling revenue trends due to volatile fee income and NII decline.
Wells Fargo accused of not paying overtime at shortstaffed US branches
05:31pm, Thursday, 30'th Nov 2023
A Wells Fargo & Co employee filed a lawsuit on Thursday accusing the bank of depriving hundreds of its U.S. branch workers of overtime pay, as the bank faces an unprecedented campaign to unionize its
FDIC-Insured Banks' Q3 Earnings Down on Higher Provisions
09:46am, Thursday, 30'th Nov 2023
While FDIC-Insured banks' (like JPM, BAC, C & WFC) Q3 earnings get support from higher rates and decent loan demand, rising funding costs, weak asset quality, a fall in non-interest income and lower d
