The Wells Fargo CEO said the incoming administration signaled a "more business-friendly approach to policies and regulations."

Paul McLinko served as the bank’s executive audit director during its 2016 fake-accounts scandal. He called the penalty “arbitrary, capricious, an abuse of discretion, and otherwise not in accordance with law.

The megabank saw $5.1 billion in profits in its fourth quarter, as higher fees from investment banking and wealth management offset weaker interest income on loans.

Welcome, and thank you for joining the Wells Fargo Fourth Quarter 2024 Earnings Conference Call. (Operator Instructions) Please note that today's call is being recorded. I would now like to turn the call over to John Campbell, Director of Investor Relations. Sir, you may begin.

Every published analysis of Well Fargo’s Christmas-week decision to sell its longtime headquarters high-rise deep in San Francisco’s financial district has missed the entire point.

Presentation Operator Welcome, and thank you for joining the Wells Fargo Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions]. Please note that today's call is being recorded. I would now like to turn the call over to John Campbell,

Wells Fargo and other large wealth managers have been under scrutiny from plaintiffs' lawyers and regulators for the returns they pay on uninvested cash. It hardly mattered for Wells' bottom line last quarter.

Wells Fargo's quarterly earnings call included discussion of what the eventual lifting of the Fed-imposed asset cap would mean for the bank's growth strategy.

Wells Fargo on Wednesday posted better-than-expected earnings and said that it expects net interest income to be higher in the coming year. The San Francisco-based lender was among several banks that announced fourth-quarter results on Wednesday.

Wells Fargo's net interest income for the fourth quarter came in at $11.836 billion, down 7% from a year earlier, but ahead of the FactSet consensus of $11.741 billion. The bank reported a taxable equ

Under Scharf's leadership, Wells Fargo has sought to diversify its revenue by bolstering fee-based businesses, including investment banking and trading. Santomassimo also said losses would be ...

Under Scharf's leadership, Wells Fargo has sought to diversify its revenue by bolstering fee-based businesses, including investment banking and trading. Santomassimo also said losses would be lumpy in the office loan portfolio but it is not getting worse ...