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John Stumpf

  • NEW YORK, Aug 6- Wells Fargo& Co has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat an industry-wide drop in mortgage volumes.

  • July 11- Wells Fargo& Co, the fourth-largest U.S. bank, reported a 39 percent drop in mortgage revenue for the second quarter as lending volume dropped, underscoring the urgency for the bank to find other sources of income growth. Meanwhile, the pressure on Wells Fargo's mortgage business, one of its largest sources of revenue for years, is continuing and intense.

  • July 11- Wells Fargo& Co, the largest U.S. mortgage lender, reported a 3 percent rise in quarterly profit and said it was seeing a number of signs that the U.S. economy was improving. Wells Fargo shares were down 1 percent at $51.25 before the opening bell on Friday.

  • April 11- Wells Fargo& Co, the biggest U.S. mortgage lender, reported a better-than-expected 14 percent rise in first-quarter net profit as it set aside less money to cover bad loans. Wells Fargo's shares, which had risen about 8 percent since the start of the year to Thursday's close, were up 1 percent at $48.25 in trading before the bell.

  • April 1- Wells Fargo& Co on Tuesday named a new chief financial officer and wholesale banking leader, in a shake-up of its top ranks. Dave Hoyt, Wells Fargo's current head of wholesale banking, will leave the bank at the end of June after a 32- year career.

  • 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.