With Changes To Home Lending Business, Wells Fargo Expects Profitability To Improve
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With Changes To Home Lending Business, Wells Fargo Expects Profitability To Improve

ByTMN Editor Reading Time: 2 minutes

By KIMBERLEY HAAS Wells Fargo released its fourth quarter 2023 financial results on Jan. 12 and leaders there say as they continue to streamline their home lending business profitability will improve. The company reported a net income of $3.4 billion, or $0.86 per diluted share. CEO Charlie Scharf said in his comments that the continued…

Wells Fargo Bouncing Back
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Wells Fargo Bouncing Back

ByTMN Editor Reading Time: 3 minutes

By SCOTT KIMBLER There are signs that Wells Fargo is recovering and will continue to be a key player in the banking industry. Formerly the nation’s largest mortgage lender, leaders there announced in January strategic plans to create a more focused home lending business aimed at serving bank customers and minority communities. Those plans included…

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