Wells Fargo reported Q1/20 net income of $653 million, down 88.9% from net income of $5.9 billion in Q1/19. Revenue of $17.7 billion was down 18% from $21.6 billion year over year. read more
APR 15, 2020 - 6:55 am
Wells Fargo announced it is targeting to distribute a total of $10 billion to small business customers under the requirements of the PPP and will focus on serving two segments of its customer population: nonprofits and small businesses with fewer than 50 employees. read more
APR 7, 2020 - 6:30 am
Wells Fargo reported 2019 net income of $19.55 billion, down from $22.39 billion in 2018. Revenue was $85.1 billion, down from $86.4 billion a year earlier. read more
JAN 15, 2020 - 6:50 am
Wells Fargo named Scott Powell its new chief operating office. He will serve on the company’s Operating Committee and report directly to CEO and President Charlie Scharf. read more
DEC 3, 2019 - 6:30 am
Ray Fisher will become the head of Wells Fargo’s Cards, Retail and Merchant Services group. In March 2020, Avid Modjtabai will retire from the bank’s PVSI group. read more
NOV 21, 2019 - 6:25 am