Wells Fargo News

Wells Fargo Halts Employee Travel to China Amid Mysterious Exit Ban on Staff Member

Wells Fargo has suspended all staff travel to China after an employee, Chenyue Mao, was barred from leaving the country by Beijing. The reasons for the exit ban remain unclear, wit...

Wells Fargo Reports Modest Q2 Revenue Growth Amid Slight Net Income Dip

Wells Fargo announced a 1% revenue increase to $20.8 billion in Q2 2025, with a slight net income dip to $5.5 billion. EPS rose by 20.3% to $1.60. CEO Scharf emphasized progress in...

Wells Fargo Unveils Massive $40 Billion Stock Buyback Plan Amid Strategic Growth Investments

Wells Fargo announces a $40 billion stock repurchase program and a $0.40 per share quarterly dividend, emphasizing strategic growth investments and shareholder returns under CEO Ch...

Wells Fargo Unveils Massive $40 Billion Stock Buyback and Announces Quarterly Dividend

Wells Fargo announces a $40 billion stock repurchase program and a $0.40 per share quarterly dividend, reflecting its strong financial health and commitment to shareholder returns.

Wells Fargo Unveils Massive $40 Billion Stock Buyback Plan and Announces Dividend

Wells Fargo & Company announces a $40 billion stock repurchase program and a $0.40 per share quarterly dividend, signaling strong financial health and commitment to shareholder ret...

Wells Fargo Unveils Massive $40 Billion Stock Buyback Program and Announces Dividend

Wells Fargo announces a $40 billion stock repurchase program and a $0.40 per share quarterly dividend, emphasizing strategic growth and shareholder returns.

Wells Fargo Reports a 3% Dip in Q1 Revenue to $20.15 Billion Amid Rising Net Income

Wells Fargo announced a 3% decrease in Q1 revenue to $20.15 billion but reported a 6% rise in net income and a 16% increase in EPS. CEO Charlie Scharf highlighted the company's str...

Wells Fargo Reports a Staggering 47% Surge in Q4 Net Income to $5 Billion

Wells Fargo & Co. announced a 47% surge in Q4 2024 net income to $5 billion, with stable revenue at $20.4 billion. The full-year revenue fell by 9% to $47.7 billion, but net income...

Wells Fargo Secures Top Talent: JPMorgan Executive Joins to Lead Credit Card Division

Wells Fargo & Co. has hired Ed Olebe, a former JPMorgan Chase & Co. executive, to lead its credit card business. Olebe replaces retiring executive Ray Fischer, while JPMorgan promo...