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CEO CHARLIE SCHARF
Wells Fargo interest income misses estimates, shares fallWells Fargo's interest income fell short of Wall Street expectations in the first quarter on Tuesday, as a string of rate cuts from the U.S...- Wells Fargo misses profit estimates on severance costs, shares fallWells Fargo reported lower profits, impacted by severance costs for operational streamlining. The bank's shares saw a significant drop. Des...
- Wall Street girds for life under Mamdani, worries about New York City's competitivenessNew York City's financial sector braces for a new era with Mayor Zohran Mamdani's election. Business leaders express apprehension about pot...
- Wells Fargo tops profit estimates, raises return target after asset cap liftedWells Fargo on Tuesday beat Wall Street estimates for third-quarter profit and raised its closely watched profitability target after regula...
- Wall Street ends narrowly mixed in choppy trade on weak economic dataUS stock market saw a mixed closing. S&P 500 was flat, Nasdaq rose slightly, and Dow Jones fell. Trade policies and weak economic data impa...
- Wells Fargo shares hit three-month high as Fed ends growth freezeShares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, marking a cruc...
- Wells Fargo beats profit estimates but CEO warns tariffs could slow economic growthWells Fargo's profit rose 6% in the first quarter as the bank cut costs and set aside less money to cover potential loan losses, but its CE...
- Wells Fargo Q4 Results: Profit beats estimates on dealmaking rebound as it raises interest income forecastWells Fargo's Q4 profit exceeded expectations due to a revival in deal-making. Investment banking fees surged 59%, and the bank anticipates...
- Wells Fargo Q1 Results: Profit shrinks on lower interest incomeWells Fargo's profit fell 7% in the first quarter as it became more costly to pay customers for deposits and demand from borrowers declined...
- Wells Fargo Q4 Results: Profit beats estimates; bank warns of lower interest income in 2024Rising borrowing costs have benefited banks that charged borrowers more on interest, but with market participants expecting rate cuts by th...
- JPMorgan, Wells Fargo prepare for losses on office loansJPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from commercial real estate loans, in the lates...
- Wells Fargo CEO says there will be losses in office loan portfolioWells Fargo CEO, Charlie Scharf, announced that the bank is proactively managing its commercial real estate loan portfolio, but warns that ...
- Warren Buffett’s top stock last year was the bank he’s been bailing onWells Fargo’s stock took off last year amid signs that Charlie Scharf is making progress in his efforts to turn the lender around. The chie...
- Wall Street banks go big on dividends, buybacks after Fed's nodMorgan Stanley delivered the biggest surprise to investors, however, saying it would double its dividend to 70 cents a share in the third q...
- Wells Fargo names Scharf as Chief Executive OfficerShares of the company rose 2.3 per cent in early trading in New York.
- Economy gets $6.08 billion boost via e-payments from 2011-15: ReportAccording to the study, payment cards aren't just convenient, they help stimulate growth for economies around the world.
- JPMorgan Chase’s Dimon preparing a succession plan: ReportFinancial services major JPMorgan Chase’s chief executive office Jamie Dimon is believed to be preparing his succession plans and will rest...
- JPMorgan Chase's CEO mulls succession plan: ReportFinancial services major JPMorgan Chase's chief executive office Jamie Dimon is believed to be preparing his succession plans and will rest...
- CEO, 5 other Washington Mutual senior executives leavingThe chief executive of failed Washington Mutual Inc. and five other senior executives of the largest US thrift, now owned by JPMorgan Chase...
- JP Morgan plans $800 mn-1 bn PE investment in IndiaJP Morgan said on Friday it is looking at an investment of $800 million-one billion as private equity investment in India over the next two...
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