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Merrill, Wells Fargo and SEC

Wells Fargo, Merrill to Pay $60 Million Penalties Over Cash Sweep Accounts: SEC

Advisory clients’ uninvested dollars were automatically swept into bank accounts that paid paltry interest, but were profitable for the companies, the SEC said.

Reuters · 10h

Wells Fargo firms, Merrill Lynch to pay $60 mln to settle SEC charges

The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have agreed to pay a combined $60 million in civil penalties to settle charges over compliance failures.

YAHOO!Finance · 8h

Wells Fargo, Merrill Cash-Sweep Accounts Shortchanged Clients, SEC Alleges

Investment adviser units of Wells Fargo & Co. and Bank of America Corp.’s Merrill shortchanged customers by funneling uninvested cash into sweep accounts that benefited the banks but not their clients,

MarketWatch · 9h

SEC Settles Charges Against Bank of America, Wells Fargo Units

The Securities and Exchange Commission settled charges against units within Bank of America and Wells Fargo that will result in $60 million in total civil penalties. The SEC said the charges were settled against investment advisers Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network as well as Merrill Lynch,

Veteran trader reworks Wells Fargo stock price target

TheStreet on MSN · 7h

Veteran trader reworks Wells Fargo stock price target after earnings

Scharf noted that this was the sixth consent order regulators had terminated since he joined Wells Fargo in 2019. "Our operational risk and compliance infrastructure is greatly ch

Business Insider · 1d

Crown Holdings price target lowered to $86 from $88 at Wells Fargo

Wells Fargo analyst Gabe Hajde lowered the firm’s price target on Crown Holdings (CCK) to $86 from $88 and keeps an Equal Weight rating on the

TipRanks on MSN · 1d

Wells Fargo price target raised to $88 from $84 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Wells Fargo (WFC) to $88 from $84 and keeps an Overweight rating on the shares. After

32mon MSN

California wildfire losses could cost as much as $40 billion: Wells Fargo's insurance analyst

Elyse Greenspan, Wells Fargo Securities managing director, joins 'Fast Money' to talk the mounting cost of the California ...

10h

Wells Fargo Q4 Earnings: Generally Strong But Signs Of Weakening

Learn about Wells Fargo & Company's strong Q4 earnings, 2025 guidance, and stock performance, with insights on selling ...

Wells Fargo raises interest income forecast as strong dealmaking drives profit beat

Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it ...

Wells Fargo Shares Rise as Bank’s Cost-Cutting Efforts Take Hold

Wells Fargo & Co. took a $647 million severance charge in the fourth quarter, as Chief Executive Officer Charlie Scharf ...

10h

Wells Fargo ex-exec appeals $1.5M fine, OCC enforcement order

Paul McLinko served as the bank’s executive audit director during its 2016 fake-accounts scandal. He called the penalty ...

Wells Fargo scandal: US bank regulator fines three former executives over fake accounts

The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted ...

Wells Fargo's Fourth-Quarter Profit Tops Estimates

Wells Fargo reported earnings per share of $1.43 for the fourth quarter, beating Wall Street’s consensus estimate of $1.35. A ...

10h

Wells Fargo (WFC) Receives a Rating Update from a Top Analyst

Oppenheimer analyst Chris Kotowski maintained a Hold rating on Wells Fargo (WFC – Research Report) today. The company’s shares closed yesterday ...

Bank earnings: JPMorgan, Wells Fargo, Goldman Sachs post beats, and Citi swings to a profit

JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.

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Merrill, Wells Fargo and SEC

Veteran trader reworks Wells Fargo stock price target

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