Charlie Scharf News

31.07 / 17:31

UPS Waves CEO JPMorgan Platform Exodus Turnover More turnover at top of Wells Fargo brokerage group

Last year, two former heads of Wells Fargo Advisors left the firm. The exodus of senior wealth management executives with decades of experience at Wells Fargo and its numerous predecessor firms continues, with John Peluso, the head of its brokerage clearing operations, First Clearing, retiring at the end of September.

25.07 / 21:13

CEO pop Buyback Wells Fargo announces $30 billion buyback, shares rise

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14.07 / 16:21

COST UPS CEO JPMorgan Chase JPMorgan, Wells Fargo prepare for losses on office loans

JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from commercial real estate loans, in the latest sign that stress is building up in the sector. Lenders' exposure to commercial real estate has come under growing scrutiny this year, as the sector globally — particularly office buildings — has been pressured by high interest rates and workers continuing to stay at home. Wells Fargo reported higher losses in CRE due to its office loan portfolio.

14.07 / 15:17

COST UPS JPMorgan Citigroup Chase Wells Fargo shares jump after Q2 results exceed estimates

Wells Fargo & Co. earned more net interest income than analysts expected in the second quarter and lifted its guidance for the full year as big U.S. banks continue to benefit from the Federal Reserve’s rate hikes.

14.07 / 11:07

Wells Fargo rises 3% on solid Q2 earnings

Wells Fargo (NYSE:WFC) shares jumped 3% in pre-market Friday after the company reported better-than-expected Q2 numbers.

14.04 / 11:45

UPS Progressive CEO Wells Fargo shares rise after bank's first quarter profit and revenue top the Street

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23.02 / 02:07

Provident Maxim CEO JPMorgan Strategy Chase Wells Fargo lays off mortgage bankers days after rewarding some with California retreat

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22.02 / 16:27

Provident Digital Progressive CEO Platform Mobile Wells Fargo seeks to catch faster-growing rivals by boosting engagement with rich clients

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14.10 / 21:25

JPMorgan Chase Tesla Delta Stocks making the biggest moves midday: JPMorgan Chase, Albertsons, Tesla, Beyond Meat, Delta and more

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14.10 / 14:21

UPS Lowe's Fighting reserves Wells Fargo profit falls as bank boosts loan loss reserves; shares rise

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21.09 / 17:55

JPMorgan Watch JPMorgan Chase CEO Jamie Dimon and six other bank leaders get grilled by Congress

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15.07 / 14:37

Progressive CEO JPMorgan Fighting Drop Wells Fargo profit falls as the bank sets aside funds for bad loans, company's shares drop 3%

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17.05 / 21:41

COST UPS CEO U.S. Economy Is Headed for a Downturn, Wells Fargo CEO Says

Wells Fargo & Co. CEO Charlie Scharf said Tuesday there was “no question” that the U.S. is headed for an economic downturn.

14.04 / 14:33

Lowe's JPMorgan Fighting fall Wells Fargo shares fall as quarterly revenue misses estimates, bank says credit losses to increase

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18.01 / 19:24

UPS Lowe's CEO Wells Fargo's fourth-quarter revenue tops estimate, profit jumps

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