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19 September 2021
13:27 hour

Key Words: Warren urges Fed to break up ‘irredeemable’ Wells Fargo, says customers still at risk

Market Watch

15/09/2021 - 01:57

Sen. Elizabeth Warren on Tuesday called for the Federal Reserve to break up Wells Fargo & Co., saying the bank continues to harm consumers.


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  1. Warren says Fed must break up 'repeat offender' Wells Fargo. The bank has paid over $5 billion in fines. "irredeemable repeat offender." Warren urged the central bank to revoke Wells Fargo's status as a financial holding co (14/09/2021 - Reddit Stock Market)
      submitted by   /u/Guy_PCS [link]   [comments]
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  2. Key Words: Elizabeth Warren blasts Wells Fargo for ending personal lines of credit — here’s why that decision could your hurt credit score (09/07/2021 - Market Watch)
    'Wells Fargo needs to make this right,' the senator tweeted.
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  3. Wells Fargo (15/02/2021 - Reddit Stock Market)
    Wells Fargo Advice Hi, I was looking to invest into Wells Fargo. My main reasoning was that the stock price has been low in the past year. It lost like 40% of the value and though I am not sure it will go complete back if the world becomes normal again I think the stock will have high upside potential with little to know risk. Additionally I saw that the fed put them under a stress test and the performed fairly well. I think the bank will be able to return to its former state though it may take a while. Pls tell me if there is any reason I shouldn’t invest in Wells Fargo as I am relatively new to stocks so a bit of insight might be helpful ,thanks.   submitted by   /u/Overseer123456 [link]   [comments]
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  4. NerdWallet: What to know if your Wells Fargo personal line of credit is canceled (09/07/2021 - Market Watch)
    Wells Fargo customers are being notified that their personal line of credit accounts will close. Here's how to protect your credit score and find another loan.
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  5. Wells Fargo tells customers it’s shuttering all personal lines of credit (08/07/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/07/08/wells-fargo-is-shutting-down-all-personal-line-of-credit-accounts-.html ​ Can't wrap my head around this. They can borrow at near 0% rates and lend it out for much higher. What reason do they have for shutting down?   submitted by   /u/SomeGuyInDeutschland [link]   [comments]
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  6. What happened to Wells Fargo Around May? It was rising with the market, and then stopped. The market dropped yesterday, Wells Fargo went up. (18/09/2021 - Reddit Stocks)
    I haven’t been able to understand the price action of Wells Fargo. They got fined 250M a few weeks ago, their price went up—A major political figure sends a formal letter to Powell last week requesting they be broken up and banned from some of their major money sources, their price raises—Yesterday, the whole Market dropped including JP Morgan, Bank of America, and Fidelity...Wells Fargo jumps. Something seems off. And I can’t put my finger on it. Sorry, had to cross post because the boterator thought I was sus.   submitted by   /u/houstoncouchguy [link]   [comments]
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  7. Elizabeth Warren asks Fed to end Wells Fargo's key operating license: NY Times (14/09/2021 - Seeking Alpha)

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  8. Bank error in your favor! Wells Fargo can screw themselves and are doing just that. (23/06/2021 - Reddit Stocks)
    My biznas uses Wells Fargo. We are always having issues with them. An example: i went to get my biz checks cashed to replace petty cash. When I returned, as I started counting, I noticed they left out a dime. I continued counting and in the end they actually gave me $99.90 too much. I tried to call the branch and their automated system kept blocking me from getting to a human, and there were no options for bank error. After 25 minutes a human answered and I told her the story. She said, I can't really help you with that because I am at a call center for rerouted/unanswered phone calls. So we just sat there in silence for a minute, my blood boiling, my customers piling up and work needs to be worked. IM TRYING TO GIVE YOU YOUR MONEY!! And maybe have the branch call me. Then she was asking me what branch and the phone number there so she can call them. I hung up i don't work for Wells Fargo. I expect they will call me tonight when they count the drawers if they somehow figure out when the mistake happened. I have the money in an envelope and I hope they have the time to come pick it the fak up!! Shitty customer service. I once saw the berate an old lady for not rolling her coins. Puts on wells fargo.   submitted by   /u/xXRoboMurphyxX [link]   [comments]
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  9. Berkshire sells nearly all of its wells Fargo holding as Warren Buffet abandons a more than 31-year-old investment (18/05/2021 - Reddit Stock Market)
      submitted by   /u/Juliemylove [link]   [comments]
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  10. : The world’s fossil-fuel addiction has only gotten stronger — so here’s where to invest, says Wells Fargo’s LaForge (19/04/2021 - Market Watch)
    Since Earth Day was first celebrated decades ago, fossil fuels have become a larger percentage of global energy use, according to a Wells Fargo report.
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  11. : The world’s fossil-fuel addiction has only gotten stronger — so here’s where to invest, says Wells Fargo’s LaForge (19/04/2021 - Market Watch)
    Since Earth Day was first celebrated decades ago, fossil fuels have become a larger percentage of global energy use, according to a Wells Fargo report.
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  12. Wells Fargo & Company (WFC) Q2 2021 Earnings Call Transcript (14/07/2021 - AlphaStreet)
    Wells Fargo & Company (NYSE: WFC) Q2 2021 earnings call dated Jul. 14, 2021 Presentation: Operator Good morning. My name is Regina and I will be your conference operator today…. This content is for members only. Visit the site and log in/register to read.The post Wells Fargo & Company (WFC) Q2 2021 Earnings Call Transcript first appeared on AlphaStreet.
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  13. Earnings Infographic: Wells Fargo (WFC) Q1 earnings, revenue top expectations (14/04/2021 - AlphaStreet)
    Financial services provider Wells Fargo & Company (NYSE: WFC) Wednesday said its first-quarter 2021 profit increased from last year aided by higher revenues. The results also topped Wall Street’s projection. At $18.1 billion, first-quarter revenues were up 2% from the year-ago period and slightly above the consensus forecast. Net income increased to $4.7 billion or $1.05 per share from $653 million or $0.01 per share in the first quarter of 2020. Analysts were looking for slower growth. Shares of Wells Fargo closed the last trading session lower but made modest gains early Wednesday following the announcement. (this story will be updated shortly)The post Earnings Infographic: Wells Fargo (WFC) Q1 earnings, revenue top expectations first appeared on AlphaStreet.
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  14. Facing backlash, Wells Fargo allows some customers to keep their lines of credit (20/08/2021 - Reddit Stock Market)
      submitted by   /u/realplayer16 [link]   [comments]
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  15. The Ratings Game: Wall Street plays down latest Wells Fargo fine (13/09/2021 - Market Watch)
    Analysts at Height Capital and Raymond James mostly looked past a $250 million fine for Wells Fargo, and a cease-and-desist order from the Office of the Comptroller of the Currency related to a 2018 ruling on mortgage practices.
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  16. Pinnacle West downgraded at Wells Fargo on rate-case risk (11/05/2021 - Seeking Alpha)

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  17. The Tell: Here’s the stock market’s ‘wall of worry’ as the S&P 500 trades near a peak, says Wells Fargo (18/08/2021 - Market Watch)
    'It is often said that bull markets climb a wall of worry, and today, there are many bricks stacked in that wall,' says Darrell Cronk, CIO of Wells Fargo & Co.’s wealth and investment management division.
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  18. The Ratings Game: FuelCell stock drops to new low for the year after Wells Fargo analyst Satish’s bearish call (20/04/2021 - Market Watch)
    Shares of FuelCell Energy Inc. slumped toward a four-month low, after Wells Fargo analyst Praneeth Satish started coverage of the fuel cell technology company with the equivalent of a sell rating, citing relative concerns regarding commercialization and valuation.
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  19. Earnings: Wells Fargo (WFC) turns to profit in Q2; results beat estimates (14/07/2021 - AlphaStreet)
    Wells Fargo & Company (NYSE: WFC), a leading investment bank, Wednesday reported a profit for the second quarter of 2021, compared to a loss last year, amid strong revenue growth. The results also exceeded Wall Street’s projection. Second-quarter profit increased to $60.4 billion or $1.38 per share from a loss of $3.85 billion or $1.01 per share in the same period of last year. Analysts were looking for a smaller bottom-line number for the latest quarter. At $20.3 billion, revenues were up 11% from the year-ago period and well above the consensus forecast. Read management/analysts’ comments on Wells Fargo’s Q2 earnings The bank’s stock closed Tuesday’s session lower, after gaining 55% in the last six months. (this story will be updated shortly)The post Earnings: Wells Fargo (WFC) turns to profit in Q2; results beat estimates first appeared on AlphaStreet.
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  20. The Ratings Game: Tesla initiated at Wells Fargo, and there are 3 reasons analyst Colin Langan isn’t bullish (24/05/2021 - Market Watch)
    Wells Fargo analyst Colin Langan said Tesla Inc. should keep beating deliveries expectations over the near term, but there are "three notable concerns" for him to not recommend investors buy the stock at current prices.
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  21. : Energy infrastructure may be more vulnerable to cyberattacks in next decade, warns Wells Fargo’s John LaForge (19/05/2021 - Market Watch)
    Fossil fuel companies may become increasingly vulnerable to cyberattacks over the next decade, as investors turn away from traditional energy producers in favor of renewables, according to John LaForge, head of real asset strategy at Wells Fargo Investment Institute.
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  22. : Energy infrastructure may be more vulnerable to cyberattacks in next decade, warns Wells Fargo’s John LaForge (19/05/2021 - Market Watch)
    Fossil fuel companies may become increasingly vulnerable to cyberattacks over the next decade, as investors turn away from traditional energy producers in favor of renewables, according to John LaForge, head of real asset strategy at Wells Fargo Investment Institute.
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  23. NerdWallet: Wells Fargo backs off on closing personal lines of credit (23/08/2021 - Market Watch)
    Feedback from customers who didn’t want to see their lines of credit closed prompted the reversal.
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  24. The Ratings Game: Wells Fargo stock extends surge after Wall Street’s lone bear said it’s no longer a sell (18/02/2021 - Market Watch)
    Shares of Wells Fargo & Co. rose Thursday, putting them on track for a fourth-straight gain, after Wall Street's lone bear, J.P. Morgan analyst Vivek Juneja, said the bank was no longer a sell, citing growing optimism that the bank is working toward getting the Federal Reserve to lift the asset cap.
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  25. Bitcoin backtracks after Senator Warren urges more regulation on cryptocurrency (28/07/2021 - Seeking Alpha)

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  26. Elizabeth Warren urges Janet Yellen to boost oversight of big asset managers (24/03/2021 - Seeking Alpha)

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  27. Wells Fargo Fined $250 Million for Problems in Its Mortgage Business. Two main areas: charging improper fees for rate-lock extensions in mortgage lending and selling unnecessary insurance coverage to auto-loan customers. Overcharges typically over $1,000 a (10/09/2021 - Reddit Stock Market)
      submitted by   /u/Guy_PCS [link]   [comments]
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  28. Wells Fargo declares $0.10 dividend (27/04/2021 - Seeking Alpha)

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  29. Wells Fargo doubles dividend to $0.20 (27/07/2021 - Seeking Alpha)

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  30. Wells Fargo & Co (WFC) Q1 2021 Earnings Call (21/04/2021 - AlphaStreet)
    Wells Fargo & Co (NYSE: WFC) Q1 2021 earnings call dated Apr. 14, 2021. Corporate Participants: John M. Campbell — Director, Investor Relations Charles W. Scharf — Chief Executive Officer and President Michael P. Santomassimo — Senior Executive Vice President, Chief Financial Officer Analysts: Scott Siefers — Piper Sandler — Analyst Ken Usdin — Jefferies — Analyst Erika Najarian — Bank of America — Analyst Betsy Graseck — Morgan Stanley — Analyst John Pancari — Evercore ISI — Analyst David Long — Raymond James — Analyst Matt O’Connor — Deutsche Bank — Analyst Steven Chubak — Wolfe Research — Analyst Saul Martinez — UBS — Analyst John McDonald — Autonomous Research — Analyst Vivek Juneja — JPMorgan — Analyst Charles W. Peabody — Portales — Analyst _________ To read the full earnings call transcript, click hereThe post Wells Fargo & Co (WFC) Q1 2021 Earnings Call first appeared on AlphaStreet.
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  31. Wells Fargo & Company (WFC) Q2 2021 Earnings Call (15/07/2021 - AlphaStreet)
    Wells Fargo & Company (NYSE: WFC) Q2 2021 earnings call dated Jul. 14, 2021 Corporate Participants: John M. Campbell — Director of Investor Relations Charles W. Scharf — Chief Executive Officer and President Michael P. Santomassimo — Senior Executive Vice President, Chief Financial Officer Analysts: Betsy Graseck — Morgan Stanley & Co. LLC — Analyst Steve Chubak — Wolfe Research LLC — Analyst Ken Usdin — Jefferies LLC — Analyst John Pancari — Evercore ISI — Analyst Gerard Cassidy — RBC Capital Markets — Analyst Matt O’Connor — Deutsche Bank — Analyst Vivek Juneja — J.P. Morgan Securities LLC — Analyst David Long — Raymond James & Associates, Inc. — Analyst Ebrahim Poonawala — Bank of America Merrill Lynch — Analyst John McDonald — Autonomous Research — Analyst _________ To read the full earnings call transcript, click here The post Wells Fargo & Company (WFC) Q2 2021 Earnings Call first appeared on AlphaStreet.
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  32. Wells Fargo to allow qualified investors to get into cryptocurrencies (19/05/2021 - Seeking Alpha)

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  33. Wells Fargo says no losses from Archegos downfall (30/03/2021 - Investing.com)

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  34. Wells Fargo names new CEO of Commercial Banking (03/09/2021 - Seeking Alpha)

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  35. Wells Fargo Q1 2021 Earnings Preview (13/04/2021 - Seeking Alpha)

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  36. Wells Fargo upgraded to Buy at BofA as cycle and 'self-help' likely to kick in (04/06/2021 - Seeking Alpha)

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  37. Wells Fargo targets net zero greenhouse gas emissions by 2050 (08/03/2021 - Seeking Alpha)

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  38. Caesars Entertainment is set up for huge gains - Wells Fargo (14/09/2021 - Seeking Alpha)

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  39. Wells Fargo upgraded to Buy at CFRA as it's poised for turnaround (14/07/2021 - Seeking Alpha)

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  40. Wells Fargo & Company DP PF CL A SR Z declares $0.2969 dividend (14/05/2021 - Seeking Alpha)

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  41. Wells Fargo mortgage originations stay strong in Q1, CFO says (24/02/2021 - Seeking Alpha)

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  42. Fox loses Wells Fargo bear after NFL rights deal (07/04/2021 - Seeking Alpha)

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  43. Wells Fargo may have more ViacomCBS shares to sell, CNBC says (29/03/2021 - Seeking Alpha)

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  44. AMC Networks downgraded at Wells Fargo after 'rare but brief opportunity' (26/03/2021 - Seeking Alpha)

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  45. Ford and BorgWarner are called out as value plays by Wells Fargo (10/09/2021 - Seeking Alpha)

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  46. WEC, PG&E, Brookfield upgraded in Wells Fargo utilities reshuffle (04/03/2021 - Seeking Alpha)

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  47. Wells Fargo & Company DP PF CL A SR Z declares $0.2969 dividend (20/08/2021 - Seeking Alpha)

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  48. Dow upgraded at Wells Fargo on winter storm impact (02/03/2021 - Seeking Alpha)

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  49. Wells Fargo invests in five more Black-owned banks (13/04/2021 - Seeking Alpha)

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