WELLS FARGO & CO (WFC)
US9497461015 - Common Stock
Cramer's Lightning Round: Wells Fargo is a buy
"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. In the federal civil complaint, the Consumer Financial Protection Bureau asserts that the banks rushed to get the peer-to-peer payments platform to market without effective safeguards against fraud and then, after consumers complained about being defrauded on the service, largely denied them relief. The CFPB claims that the banks violated federal consumer financial laws governing electric funds transfers, which require banks conduct “reasonable investigations” when consumers report transaction errors, and the agency's prohibition on unfair acts or practices by failing to take steps to prevent and address fraud on Zelle.
JPMorgan, Bank of America, Wells Fargo Sued by CFPB Over Alleged Zelle Fraud
The US Consumer Financial Protection Bureau sued JPMorgan Chase (JPM), Bank of America (BAC), and We
Wells Fargo departs climate banking group in another high-profile exit after Goldman
GOP officials have been cracking down on companies they view as climate-friendly.
US consumer watchdog sues banks over alleged ‘widespread’ fraud on Zelle
Lawsuit is part of CFPB’s aggressive agenda in reported bid to advance protections before Trump overhauls agency
Wells Fargo departs climate banking group in another high-profile exit after Goldman
The bank has ended its membership in the Net-Zero Banking Alliance, a spokesperson said on Friday, two weeks after another notable exit by Goldman Sachs. Financial firms, which have long been criticized for their ties to the fossil fuel industry, have tried to integrate net-zero standards more prominently into their operations. Last month, asset management giants BlackRock, Vanguard and State Street were accused of violating antitrust law through climate activism in a lawsuit by Texas and 10 other Republican-led states.
Daily Digest: Oyster recall hits S.F.; Wells Fargo leaves climate group
CFPB sues Zelle operator, major banks over failure to counter fraud - UPI.com
Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by a federal government agency.
CFPB Sues JPMorgan, Bank of America Over Alleged Zelle Fraud
The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent company of Zelle alleging the firms rushed a peer-to-peer payment network to compete without first implementing adequate consumer protections.
CFPB Sues JPMorgan, Bank of America Over Alleged Zelle Fraud
(Bloomberg) -- The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent company of Zelle alleging the firms rushed a peer-to-peer payment network to compete without first implementing adequate consumer protections.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Desc
CFPB sues top US banks, says they allowed fraud on payment platform Zelle
The U.S. Consumer Financial Protection Bureau said on Friday it had filed a lawsuit against JPMorgan Chase , Bank of America, and Wells Fargo, accusing the banks of allowing "fraud to fester" on peer-to-peer payments platform Zelle. The CFPB in a statement said it was seeking to stop the alleged unlawful practices, secure redress and penalties, and obtain other relief.
JPMorgan Chase, Bank of America, and Wells Fargo are being sued for fraud on Zelle
Early Warning Services, a company owned by seven of the largest U.S. banks, founded Zelle in 2017
Wall Street Analysts Think Wells Fargo (WFC) Is a Good Investment: Is It?
According to the average brokerage recommendation (ABR), one should invest in Wells Fargo (WFC). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
Wells Fargo Says It’s Quitting Climate-Banking Group
Wells Fargo & Co. said it’s leaving the world’s biggest climate alliance for banks, in the latest sign that Wall Street is breaking away from such groups.
The Smartest Financial Stocks to Buy With $200 Right Now
U.S. Regulators Sue JPMorgan Chase, Bank Of America And Wells Fargo Over Alleged Fraud On Zelle
Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.
Wells Fargo is Hiring Leerink Health-Care Banker Michael Giaquinto
Wells Fargo & Co. has hired health-care banker Michael Giaquinto as a managing director focused on the medical technology sector from Leerink Partners, according to a person briefed on the matter.
Leveling the Playing Field for Asian American Women Entrepreneurs
Wells Fargo Bank Decreases Prime Rate to 7.50 Percent
Investors Await Fed Decision | Bloomberg: The Close 12/17/2024
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Bank of America CEO Brian Moynihan, Invesco's Stephanie Larosiliere, Telsey Advisory Group's Joseph Feldman, NFIB President Brad Close, Wells Fargo's Paul Christopher, Apollo Global Management's Torsten Slock, Starbucks Workers United bargaining delegate and barista Michelle Eisen, Crédit Agricole CIB's Olga Yangol. (Source: Bloomberg)
Stocks are not in a bubble, investors should keep buying, Wells Fargo says
The bank said investors should look for pullbacks in the market to find better entry points.
US Homebuilder Outlook Jumps on Optimism Trump Will Cut Red Tape
Home builders’ outlook for the next six months rose to the highest in more than 2 1/2 years on optimism that the upcoming Trump administration will help remove construction regulatory hurdles and boost sales.
Wells Fargo Jumps 46.3% YTD: Time to Add the Stock to Your Portfolio?
WFC's efforts to reduce costs and progress to fix compliance issues look encouraging. Let us find out whether the stock is worth investing in.