Wells Fargo & Co. shares WFC, -0.10% rose 2.3% in premarket trade Friday, after the bank beat profit and revenue estimates for the first quarter. San Francisco-based Wells said it had net income of $5.9 billion, or $1.20 a share, in the quarter, up from $5.1 billion, or 96 cents a share, in the year-earlier period. Revenue fell to $21.6 billion from $21.9 billion. The FactSet consensus was for EPS of $1.11 and revenue of $20.9 billion. Net interest income rose to $12.3 billion from $12.
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How Wells Fargo's regulators and employees drove out its CEOThe day after former Wells Fargo & Co Chief Executive Tim Sloan told U.S. lawmak... MoiseNoise peteschroeder None driving out Jaimie Dimon from JPM? Billionaire? How?
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Warren Buffet calls for Wells Fargo to look beyond Wall Street for next CEO
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Great Crisis Management is Counter-Intuitive: That's Why Boeing, Wells Fargo Are Getting It So WrongTruly effective, inspired crisis management is not a management or leadership skill you learn at Business School — or Law School. It’s also not always what you learned in your last crisis, leadership position, or board. The best crisis management is counter-intuitive, sometimes even illogical.
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Challenges Stack Up For Big Banks Ahead Of JP Morgan, Wells Fargo, CitigroupLower trading volume. Falling mortgage rates. An inverted Treasury yield curve. A slowing U.S. and global economy. The odds seem pretty stacked against big banks on multiple fronts as earnings season starts tomorrow.
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Viewsroom: Wells Fargo searches for a leaderThe U.S. bank may be tempted to recruit from splashy peers like Goldman Sachs. But there are better reasons to poach from smaller firms. Meanwhile, the $170 bln Chinese liquor maker Kweichow Moutai
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Stocks making the biggest moves premarket: Boeing, Wells Fargo, Morgan Stanley, GE & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »
Warren Buffett on search for Wells Fargo CEO: 'They shouldn't come from JP Morgan or Goldman Sachs'Buffett warned that candidates from Wall Street would draw too much scrutiny from Congress. What's wrong with a culture laden when thieves & intimidators who celebrate rigged stock market casino until it was not. Help eliminate mischief WarrenBuffett do what is right 🙏 Where would he look? Any suggestions? I admire Mr. Buffet. But cannot believe he is supporting this corrupt organization. He should have been working to have management replaced or better a sale.
Source: CNBC - 🏆 12. / 72 Read more »
Warren Buffett has weighed in on what kind of CEO Wells Fargo should hireWarren Buffett, Wells Fargo's largest and most powerful shareholder, doesn't want the troubled bank to hire a CEO from Wall Street. Leonardo won't like this news. ..the “troubled bank”... 😂😂😂 see what angry boys have caused Finally somebody with some sense. Wall Street is a fraud. Pure greed...
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Wells Fargo Sells Institutional Retirement and Trust Arm for $1.2 BillionWells Fargo is selling off its retirement and trust business to Principal Financial Group for $1.2 billion, the companies said. If anyone shouldn't be selling Trust, it's Wells Fargo. Wells Fargo should be dissolved, its Assets transferred to other Banks. Wells Fargo is unethical bank. It DNA is cheat and deceit. Great! They can use it to pay off the billions they stole for Check Deposit Manipulation what all there smaller manufactured scams have really been covering up this whole time. Plus the new Uber scam that hasn't come out yet. The PayPal echeck scams. The Automatic Bill Pay scams.
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This Veteran Managed Air Force Systems Before Managing $500M At Wells FargoBefore he managed finances, Steve Viets was responsible for managing something completely different: command management systems for the U.S. Air Force
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Wells Fargo downgrades Harley-Davidson on weak market and tariff worriesIconic American bike motorcycle manufacturer Harley-Davidson has embarked on an ambitious plan to revamp its product line and attract new riders, but investors still think it has a lot of work ahead of it. downgraded but it goes up - buy everything 💰 That’s OK harleydavidson. Nobody’s gonna take advice from the criminals at WellsFargo anyways.
Source: CNBC - 🏆 12. / 72 Read more »