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John Stumpf

  • April 14- Wells Fargo& Co, the largest U.S. mortgage lender, reported a better-than-expected quarterly profit as revenue from mortgage banking rose after four quarters of decline. "Our mortgage business was able to serve more customers by refinancing their mortgage loans with lower rates," Wells Fargo Chief Executive John Stumpf said in a statement on Tuesday.

  • NEW YORK— Wells Fargo, the third-biggest U.S. bank by assets, said Tuesday that its first-quarter earnings fell slightly from the same period a year earlier. THE QUOTE: Wells Fargo CEO John Stumpf said on a conference call that he believed the economic recovery in the U.S. remained "on track," bolstered by low interest rates, improving consumer and business...

  • NEW YORK, Jan 14- Wells Fargo& Co, one of the biggest lenders to U.S. energy companies, is reviewing each of its loans to the sector in the wake of oil prices tumbling 60 percent since last summer, executives said Wednesday. The bank did not think its energy loan portfolio was at risk enough to justify setting aside any money in the fourth quarter to cover possible...

  • Fined billions, JPMorgan gives Dimon sizable raise Friday, 24 Jan 2014 | 6:53 AM ET
    JPMorgan Chase CEO Jamie Dimon

    JPMorgan Chase’s board voted to give Jamie Dimon a new pay package worth about $20 million after his pay was cut in half last year, to $11.5 million.

  • This part of Wells Fargo's business is taking off Thursday, 9 Jan 2014 | 7:02 AM ET

    More than five years after Wells Fargo purchased Wachovia, one of its key businesses—investment banking—is finally beginning to pay off.

  • Wall Street CEOs sound alarms on fiscal problems Wednesday, 2 Oct 2013 | 1:08 PM ET
    Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc. and Brian Moynihan, president and chief executive officer of Bank of America Corp., speak to the media after a meeting with U.S. President Barack Obama at the White House in Washington, D.C.

    CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.

  • Profits soar at 2 largest mortgage lenders Friday, 12 Oct 2012 | 5:03 PM ET

    The country's two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported Friday that a surge in home lending pushed them to record profits. JPMorgan CEO Jamie Dimon declared that the housing market "has turned the corner." JPMorgan wrote $47 billion in mortgages, compared with $37 billion last year.

  • On the Call: Wells Fargo CEO John Stumpf Friday, 12 Oct 2012 | 4:21 PM ET

    Wells Fargo said Friday that its third-quarter net income and revenue rose as the bank increased consumer lending and collected more fees. In a call with analysts, Wells Fargo Chairman, President and CEO John Stumpf explained why interest income might not be such a grave threat.

  • By Rick Rothacker and Jed Horowitz. Oct 12- Wells Fargo& Co's. The No. 4 U.S. bank by assets has expanded in mortgage lending while others such as Bank of America Corp.

  • Oct 12- Wells Fargo& Co:. *CEO john stumpf says bank's credit quality reflects improving U.S. housing. *CFO sloan says bank decided to retain $9.8 b in conforming mortgages because.

  • Wells Fargo earnings rise in 3Q as loan book grows Friday, 12 Oct 2012 | 8:32 AM ET

    Wells Fargo posted record earnings in the third quarter as the bank increased mortgage lending and pocketed more fees. "Real estate is getting better," Wells Fargo chairman, CEO John Stumpf said on a call with analysts. " Wells' net income in the quarter ended Sept. 30 rose 23 percent, to $4.72 billion from $3.84 billion in the same period last year.

  • Oct 12- Low interest rates both hurt and helped third-quarter earnings at Wells Fargo& Co, boosting mortgage lending but squeezing core profitability more than analysts expected.

  • Wells Fargo CEO Cheers Wachovia Integration Thursday, 1 Dec 2011 | 11:47 AM ET
    Wells Fargo bank

    Three years after a deal that transformed Wells Fargo, CEO John Stumpf has come to Charlotte, NC to retire the Wachovia brand and rally employees whose future looked considerably less bright in 2008.