Wells Fargo & Company reported strong Q4 results, with CEO Charles Scharf optimistic about an even better 2025 under the incoming Trump administration. “We are predominantly a U.S. bank, we succeed when the country succeeds.

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.

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.

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.

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.

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.

Wells Fargo CEO Charlie Scharf has been quite vocal about expanding the bank's credit card business. Wells Fargo has hired former JPMorgan Chase executive Ed Olebe to lead its credit card ...

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 ...

Expectations for a pro-business climate under the incoming Trump administration has lifted the spirits of major bank executives.