Closing The Banking Gap In Underserved Communities [Forbes]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Forbes
disproportionate amount of those individuals are Black and African American, Hispanic, and Native American/Alaska Native. The reasons for this vary. The most common reason cited was they don't have enough money to meet minimum balance requirements. Michael Martino Head of Diverse Customer Segments for Consumer Small and Business Banking at Wells Fargo, says there is also a deep-rooted distrust of banks among Native Indigenous and Black & African American unbanked consumers. This skepticism is rooted in systemic and cultural factors, as well as negative experiences with financial institutions. Native Indigenous consumers, in particular, have been taught to avoid banks and rely on alternative financial practices. He also finds that many make the deliberate choice to remain unbanked because they believe it is the best option to achieve their financial goals. Relying on a cash-based system allows them to control their spending and avoid overspending. They've found that they perceive
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WFC
News
- Federal Reserve not expected to budge on interest rates yet as inflation holds its grip [Yahoo! Finance]Yahoo! Finance
- Federal Reserve not expected to budge on interest rates yet as inflation holds its grip [MSNBC.com]MSNBC.com
- Wells Fargo & Company Announces Common Stock Dividend [Yahoo! Finance]Yahoo! Finance
- Wells Fargo & Company Announces Common Stock DividendBusiness Wire
- Wells Fargo Announces Preliminary Voting Results of 2024 Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- WFC's page on the SEC website