Wells Fargo & Company reported strong Q4 results, with CEO Charles Scharf optimistic about an even better 2025 under the incoming Trump administration. “We are predominantly a U.S. bank, we succeed when the country succeeds.

Paul McLinko served as the bank’s executive audit director during its 2016 fake-accounts scandal. He called the penalty “arbitrary, capricious, an abuse of discretion, and otherwise not in accordance with law.

Welcome, and thank you for joining the Wells Fargo Fourth Quarter 2024 Earnings Conference Call. (Operator Instructions) Please note that today's call is being recorded. I would now like to turn the call over to John Campbell, Director of Investor Relations. Sir, you may begin.

Presentation Operator Welcome, and thank you for joining the Wells Fargo Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions]. Please note that today's call is being recorded. I would now like to turn the call over to John Campbell,

The megabank saw $5.1 billion in profits in its fourth quarter, as higher fees from investment banking and wealth management offset weaker interest income on loans.

Wells Fargo and other large wealth managers have been under scrutiny from plaintiffs' lawyers and regulators for the returns they pay on uninvested cash. It hardly mattered for Wells' bottom line last quarter.

Wells Fargo's quarterly earnings call included discussion of what the eventual lifting of the Fed-imposed asset cap would mean for the bank's growth strategy.

Every published analysis of Well Fargo’s Christmas-week decision to sell its longtime headquarters high-rise deep in San Francisco’s financial district has missed the entire point. Speculation has

Wells Fargo's net interest income for the fourth quarter came in at $11.836 billion, down 7% from a year earlier, but ahead of the FactSet consensus of $11.741 billion. The bank reported a taxable equ

Under Scharf's leadership, Wells Fargo has sought to diversify its revenue by bolstering fee-based businesses, including investment banking and trading. Santomassimo also said losses would be ...

Under Scharf's leadership, Wells Fargo has sought to diversify its revenue by bolstering fee-based businesses, including investment banking and trading. Santomassimo also said losses would be lumpy in the office loan portfolio but it is not getting worse ...