Charlie Scharf Related Content

Wells Fargo Q1/20 Net Income Down 88.9%, Revenue Down 18% Y/Y

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

Wells Fargo Reaches Lending Capacity Under Paycheck Protection Program

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

Wells Fargo Attributes 2019 Losses of $1.9B to Ongoing Litigation

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

Former Santander USA CEO Joins Wells Fargo as COO

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

Fisher to Join Wells Fargo, Modjtabai to Retire from PVSI Group

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

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