The primary driver behind last 12 months revenue was the Consumer Banking and Lending segment contributing a total revenue of US$32.6b (42% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$48.6b (82% of total expenses). Explore how WFC's revenue and expenses shape its earnings.
Wells Fargo Hires New Head of Cards
· 23h · on MSN
Wells Fargo hires JPMorgan executive as head of cards and merchant services
Wells Fargo Hires New Head of Cards From JPMorgan
Wells Fargo has hired JPMorgan Chase's former president of branded cards to lead its cards business. The bank said Tuesday that Ed Olebe has been named head of cards and merchant services, effective immediately.
· 1d · on MSN
Wells Fargo appoints new head of Cards and Merchant Services
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance. Read why I upgrade WFC stock from sell to hold.
Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.
Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay $18 million.
The pair preach teamwork as the banking giant plunges further into different aspects of a housing market in desperate need of the stuff.
Wells Fargo's profit beat expectations in the fourth quarter powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year. The bank's shares rose 3.5% to $73.
The Office of the Comptroller of the Currency banned the bank’s former community bank group risk officer for life, among other penalties handed down Tuesday.
Wells Fargo & Co. took a $647 million severance charge in the fourth quarter, as Chief Executive Officer Charlie Scharf continues to whittle headcount as part of broader efforts to slash costs and remake the bank.
Wells Fargo (WFC – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Glenn Thum from
Wells Fargo & Co.’s multi-year plan to support and build its independent broker and advisor channel is to keep on rolling in 2025, according to the bank’s chief financial officer, Michael Santomassimo. Wells Fargo Advisors is the broad marketing umbrella for close to 12,000 bank advisors, wealth management advisors, and independent advisors.
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