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Wells Fargo news from FierceFinance
NewsBanks ponder their options on card fees
It's no secret that banks have a lot of revenue to make up; overdraft fee (overdraft fee news) revenue has no place to go but down. You've got to make up that revenue somehow, and more banks are... Read more...
Second mortgage write-downs coming?
Modifications are still a crucial part of the government's strategy to deal with the real estate meltdown (credit crisis news). To further the cause of more modifications, which has gone slower than... Read more...
Wells Fargo, looming broker power?
Would it surprise you that Wells Fargo (WFC) is now the third largest brokerage? It employs 15,000 advisors and manages more than $1 trillion in wealth--and yet it somehow flies under the radar.... Read more...
Does Wells Fargo have a shot in investment banking?
Traditional commercial banks (commercial banks news) have long had a love-hate relationship with investment banking (investment banking news). There was a day when the top investment banks were... Read more...
Banks go beyond HAMP
There has been some disappointment with the pace of mortgage modifications by the banking industry. But you can't really blame the banks. TheStreet.com notes that of the 5.6 million borrowers who are... Read more...
Why big banks can't win
When it comes to customer satisfaction and reputation, it's hard for big banks to win. This has long been evident in the customer satisfaction research by Forrester. Large banks tend to fare poorly,... Read more...
Banks in a lobbying frenzy?
On the one hand, bank CEOs are offering up contrite words, in hopes of appeasing angry lawmakers and the public. But they are hardly willing to sit back and let all the new reform movement run its... Read more...
Why the short interest on Citi and Bank of America?
Citigroup (C) and Bank of America (BAC) remain two heavily shorted stocks, according to TheStreet.com. Citigroup, the most heavily shorted stock on the Big Board, saw short interest rise to 439... Read more...
Another wrinkle in JPMorgan, Banco Santander email issue
TheStreet.com has reported an email written by a JPMorgan (JPM) investment banker that describes a meeting that included CEO Jamie Dimon and Banco Santander Chairman Emilio Botin. The discussion has... Read more...
Charlotte waits out bonus season
We're accustomed to stories about the luxury market in New York, and how it rises and falls with Wall Street's fortunes. The same dynamic plays out on a smaller scale in Charlotte, where the economy... Read more...
| Press ReleasesWells Fargo Reports Record Q3 and Year-to-Date Net IncomeSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC):
3rd consecutive quarter of record earnings
Record Wells Fargo net income of $3.2 billion, up 98 percent from last year; $9.5 Read more >> |



