Wells Fargo agrees to $65-million settlement with New York over unauthorized accounts scandal [Los Angeles Times (CA)]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
Check Earnings Report
US:NYSE Investor Relations:
wellsfargo.com/about/investor-relations
Company Research
Source: Los Angeles Times
Wells Fargo agrees to $65-million settlement with New York over unauthorized accounts scandal Wells Fargo & Co. will pay a $65-million penalty to New York state related to cross-selling practices that led employees to create millions of accounts without customer authorization. The bank failed to disclose to investors that the success of its cross-selling — the pitching of additional financial products to existing clients — was built on “sales practice misconduct at the bank,” state Atty. Gen. Barbara Underwood’s office said in a statement Monday. “The misconduct at Wells Fargo was widespread across the bank and at every level of management — impacting both customers and investors who were misled,” Underwood said in the statement. The settlement is the latest cost for Wells Fargo stemming from a consumer-banking scandal that erupted in September 2016 when the bank disclosed that it opened as many as 3.5 million accounts on behalf of customers who didn’t want them. The practice was firs
Show less
Read more
Impact Snapshot
Event Time:
WFC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WFC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WFC alerts
High impacting Wells Fargo & Company news events
Weekly update
A roundup of the hottest topics
WFC
News
- Federal Home Loan Bank of Dallas and Wells Fargo Bank Award $750K to CC Housing for Senior Affordable Housing Development [Yahoo! Finance]Yahoo! Finance
- Citigroup: Mediocre Fundamentals But Relatively Cheap [Seeking Alpha]Seeking Alpha
- Wells Fargo & Company (NYSE: WFC) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $62.00 price target on the stock, up previously from $56.00.MarketBeat
- Brookfield's Defaulted Los Angeles Office Tower Is Selling at Major Discount [BNN Bloomberg (Canada)]BNN Bloomberg
- The Future Is Open Finance [Yahoo! Finance]Yahoo! Finance
WFC
Earnings
- 1/12/24 - Miss
WFC
Sec Filings
- 3/26/24 - Form PX14A6G
- 3/25/24 - Form EFFECT
- 3/22/24 - Form 424B2
- WFC's page on the SEC website