Wells Fargo: A Detailed Analysis for Dividend Investors
Beginning 12 months ago, when regulators revealed a massive multi-year sales scandal that had taken place at the bank, Wells Fargo (NYSE:$WFC) has had a rough year. But do not be fooled; the California-based bank ... [Read]
Warren Buffett is Now the Largest Shareholder of Two Massive American Banks
Ironically, the MVP of the banking industry is not a banker—Warren Buffett, chairman and CEO of Berkshire Hathaway (NYSE:$BRK-A) is now the largest shareholder in Wells Fargo (NYSE:$WFC) and Bank of America (NYSE:$BOA). Buffet solidified ... [Read]
Wells Fargo Scandal Continues: Over a Million Fake Accounts Uncovered
On Thursday, August 30th, Wells Fargo & Co. (NYSE:$WFC) surpassed over a million accounts that were opened without customers’ knowledge. This morning, Wells Fargo reported their findings after hiring a third party to a thorough ... [Read]
Bank of America’s Newest Top Shareholder: Berkshire Hathaway
On August 29th 2017, Warren Buffett’s Berkshire Hathaway Inc. (NYSE:$BRK.A) officially became Bank of America Corp (NYSE:$BAC) ’s largest shareholder by exercising its right to acquire 700 million shares at a mass discount. This means ... [Read]
Wells Fargo Names Elizabeth Duke as chairwoman
On Tuesday, Wells Fargo & Co. (NYSE:$WFC) announced that its board has named Elizabeth Duke as independent chairwoman to take the place of Stephen Sanger who is retiring at the end of this year. Additionally, ... [Read]
Wells Fargo Chairman Stephen Sanger Likely to Step Down From Position
For those interested in banking and investing, you might find today’s news interesting. On Thursday, the Dow Jones reported that Wells Fargo Chairman Stephen Sanger will likely step down from his position as non-executive chairman. ... [Read]
This is Why Wells Fargo’s Stock is Falling Today – August 4, 2017
Wells Fargo (NYSE:$WFC) saw its stock plummet on Friday, August 4th. As of 3:53 PM EDT, the bank’s stock has decreased by 0.96%. This was mainly due to a filing to the U.S. Securities and ... [Read]
Wells Fargo Receives Subpoenas and Lawsuits Regarding Business Practices in its Auto Lending Unit
Merely months after a scandal broke out regarding the creation of unnecessary bank accounts without customer knowledge, Wells Fargo & Co (NYSE:$WFC) has found itself in yet another consumer scandal. Just last week, it was ... [Read]
Wells Fargo Announced Plans to Refund Auto-Loan Customers Falsely Charged for Auto Insurance
Late Thursday (July 27) night, Wells Fargo & Company (NYSE:$WFC) announced its plans to refund certain auto-loan customers who might have been falsely charged for some auto insurance. According to the bank, there were 570,000 ... [Read]
Wells Fargo Begins Branch Closures to Focus on Digital Banking
Wells Fargo (NYSE:$WFC) has been known as one of the United States’ most reliable and efficient banks by analysts, investors, and consumers alike for a long time. As such, when the bank saw its efficiency ... [Read]