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Protesters crowd around Wells Fargo. Oakland Downtown Protest blocks Wells Fargo HQ entrance. SF Downtown Wells Fargo's income rises 51% Wells Fargo reports record profit Unexpected 4Q profit for Wells Wells Fargo repay TARP Chairman Kovacevich to step down Wells said to need $15 billion State sues Wells for $1.5 billion Record 1Q Profit For Wells Wells has more branches than any bank  Wells Fargo & Co., which began in 1852 as a 'Express and Banking House' serving gold miners, now controls more branches than any U.S. bank Feds approve merger with Wachovia Wells gets green light for Wachovia Wells Fargo To Buy Wachovia  Wachovia agreed to be acquired in a $15.1 billion all-stock deal. Citigroup demands that Wachovia abide by the terms of its earlier deal Longtime CEO Kovacevich Steps Down
Wells Fargo profit up, faces possible $1 billion settlement  Profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to settle a host of inves... Fed imposes new penalties on Wells Fargo Wells Fargo’s earnings take yet another big litigation hit Wells Fargo third-quarter results fell short WF $5.8 billion profit tops forecasts, but revenue falls shy Wells Fargo will pay $110 million to settle a class-action lawsuit   Wells Fargo CEO gives up some pay as Labor Dept. starts probe  John Stumpf will forfeit $41 million of stock, plus some salary, as the bank’s board investigates the company’s bogus-account scandal Wells Fargo fined $185 million for unauthorized account openings
Apr. 13
Feb.2
Jan.12


year 2017
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Oct.14
Jul.16
Mar.28


year 2016
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Sep.27
Sep.8
  WF has agreed to pay to customers, federal,and local agencies after employees opened accounts, moved money without customers' consent


year 2011
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Nov.5
Oct.12
Apr.20


year 2010
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Oct.21
Jan.20


year 2009
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Dec.23
Sep.22
May.6
Apr.23
Apr.9
Jan.11


year 2008
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Oct.13
Oct.9
Oct.3


year 2007
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Jun.27



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Wells Fargo profit up, faces possible $1 billion settlement


April 2018 ... more > Top ^
Apr. 13
  Profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to settle a host of investigations


February 2018 ... more > Top ^
Feb.2 Fed imposes new penalties on Wells Fargo
  The Federal Reserve has imposed harsh penalties, punishing for years of misconduct and barring it from future growth until the bank fixes problems

January 2018 ... more > Top ^
Jan.12 Wells Fargo’s earnings take yet another big litigation hit
  The $3.25 billion hit to earnings comes after the bank took a $1 billion charge toward a potential settlement over precrisis mortgage sales

year 2017 Top ^

Oct.14 Wells Fargo third-quarter results fell short  The bank's third-quarter results fell short of Wall Street estimates as its legal costs grew. Wells Fargo & Co., down $1.52 to $53.69 Jul.16 WF $5.8 billion profit tops forecasts, but revenue falls shy  Wells Fargo posted second-quarter profits that topped Wall Street’s expectations. It's possible Wells Fargo is beginning to turn the corner May.11  Wells Fargo will slash $2 billion more in expenses, shut branches Mar.28 Wells Fargo will pay $110 million to settle a class-action lawsuit  Wells Fargo will pay $110 million to settle a class-action lawsuit over unauthorized accounts

year 2016 Top ^

Sep.27   Wells Fargo CEO gives up some pay as Labor Dept. starts probe
  John Stumpf will forfeit $41 million of stock, plus some salary, as the bank’s board investigates the company’s bogus-account scandal
Sep.8 Wells Fargo fined $185 million for unauthorized account openings
  WF has agreed to pay to customers, federal,and local agencies after employees opened accounts, moved money without customers' consent
Mar.29  Buffett's company now owns 10 percent of Wells Fargo's stock

year 2015 Top ^

Oct.14 Wells Fargo's earnings edge up 1 percent to $5.4 billion

year 2014 Top ^

Oct.14 Wells Fargo profit matches estimates
Aug.28  Wells Fargo big winner when LendingClub goes public Apr.29  Wells Fargo blasted for 'predatory lending'

year 2013 Top ^

Aug.22  Wells Fargo to lay off 2,300 mortgage workers Jan.11 Wells Fargo posts record earnings


year 2012 Top ^

Oct.9  U.S. sues Wells Fargo over mortgage fraud Aug.30  Bank worker fired for crime long ago Jul.13  Wells Fargo's profit jumps 17% Apr.24 20 arrested protesting Wells Fargo meeting in SF
. SF Downtown Apr.13  Wells Fargo profit up as mortgage results improve Jan.17 Wells Fargo: 4Q profit up 20%

year 2011 Top ^

Nov.5 Protesters crowd around Wells Fargo  Oakland Downtown: A branch is not letting customers in as protesters crowd the entrance to condemn what they're calling investments in immigrant detention cen... Oct.17  Wells Fargo 3Q profit up 21% Oct.12   Protest blocks Wells Fargo HQ entrance
Map of Montgomery and California street San Francisco  SF Downtown: Nearly 200 activists are blocking the front door in a protest that slowed downtown traffic and forced workers to use a side entrance Jul.19 Wells Fargo 2Q profit leaps 30% Apr.20 Wells Fargo's income rises 51%  The first quarter as more people opened accounts with the bank and business customers took out more loans Apr.8 Wells eliminates 1,900 mortgage jobs Jan.19  Wells Fargo 4Q profit rises

year 2010 Top ^

Dec.20  Wells to modify 15K option-ARM loans Oct.21 Wells Fargo reports record profit  The largest U.S. home lender, reported record third-quarter profit that beat most analysts' estimates as credit conditions improved Aug.25  Wells buys into mortgage market Aug.11 Wells Fargo loses debit card suit
Jul.30  Wells: Customers will pay, too Jul.21 Wells 2Q Profit Rises; Bad Loans Ease Jul.8 Wells Fargo to cut consumer unit, jobs Apr.21 Wells Fargo earns $2.4B, credit improving Jan.20 Unexpected 4Q profit for Wells  Wells Fargo & Co. took a more optimistic view than other banks as it reported a surprise $394 million profit for the fourth quarter

year 2009 Top ^

Dec.23 Wells Fargo repay TARP  Wells Fargo & Co. and Citigroup Inc. said that they repaid $45 billion they received from the Troubled Asset Relief Program Dec.15 Wells Fargo to repay TARP money
Dec.1 Wells to close or rename Wachovia outlets Nov.18 Wells to repay $1.4B to investors Sep.22 Chairman Kovacevich to step down  Dick Kovacevich will step down as chairman at the end of 2009, after staying in the post an extra year to help navigate the financial crisis Jul.22 Wells Posts 2Q Profit, Surpasses Forecast May.6 Wells said to need $15 billion  Wells Fargo, the 4th-largest U.S. bank by assets, requires about $15 billion in new capital as a result of regulators' stress test on the lender May.4 Wells asked to raise money Apr.27 Industry analysts downgrade bank rating Apr.23 State sues Wells for $1.5 billion  Attorney General Jerry Brown is accusing the bank of deceptively marketing a type of financial instrument Apr.9 Record 1Q Profit For Wells
  Wells Fargo expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates Mar.5 Wells shares fall on possible downgrade Feb.3 Wells Fargo cancels Vegas junket Feb.2 $371.5 million Dividend To U.S. Treasury Jan.28 Wells lost $2.83 billion in 4th quarter Jan.11 Wells has more branches than any bank
  Wells Fargo & Co., which began in 1852 as a 'Express and Banking House' serving gold miners, now controls more branches than any U.S. bank


year 2008 Top ^

Oct.13 Feds approve merger with Wachovia  The Federal Reserve approves the merger of Wells Fargo and Wachovia after Citigroup withdraws the legal case in a New York federal court Oct.9 Wells gets green light for Wachovia  Wells Fargo is proceeding with plans to acquire Wachovia Corp. for $11.7 billion. Citigroup wouldn't pursue legal actions to halt the takeov... Oct.3 Wells Fargo To Buy Wachovia
  Wachovia agreed to be acquired in a $15.1 billion all-stock deal. Citigroup demands that Wachovia abide by the terms of its earlier deal
 The Citigroup deal would have been done with the help of the Federal Deposit Insurance Corp. Wells deal without it
Jul.16 Wells Fargo Boosts Payout


year 2007 Top ^

Jun.27 Longtime CEO Kovacevich Steps Down
  Chairman Richard Kovacevich has turned over the reins to his top lieutenant, John Stumpf

year 2006 Top ^

Jul.18 Wells Fargo Reports Record Profits


year 2004 Top ^

Oct.19 Earnings rise 12%, but miss estimates
Jan.20 4th-quarter earnings rise by 10%

year 2003 Top ^

Nov.21 Customer Data Stolen at Wells Fargo
. Concord Jan.21  Profits continued in the fourth quarter

year 2000 Top ^

Apr.18 Wells Fargo posts record profits
Apr.11  Wells Fargo to buy Utah's biggest bank Jan.19  Earnings Climb 26%


State sues Wells for $1.5 billion  Attorney General Jerry Brown is accusing the bank of deceptively marketing a type of financial instrument Fed imposes new penalties on Wells Fargo  The Federal Reserve has imposed harsh penalties, punishing for years of misconduct and barring it from future growth until the bank fixes problems Wells Fargo will pay $110 million to settle a class-action lawsuit  Wells Fargo will pay $110 million to settle a class-action lawsuit over unauthorized accounts   Wells Fargo CEO gives up some pay as Labor Dept. starts probe




Wells Fargo, Financial Business Lawsuit Timeline ... See Bay Area Business Lawsuit timeline, World Business Lawsuit timeline Top ^
2009
Apr.23




Wells Fargo, Financial Financial Timeline ... See Bay Area Financial timeline, World Financial timeline Top ^
2018
Feb.2
2017
May.11  Wells Fargo will slash $2 billion more in expenses, shut branches
Mar.28
2016
Sep.27
  John Stumpf will forfeit $41 million of stock, plus some salary, as the bank’s board investigates the company’s bogus-account scandal
Sep.8 Wells Fargo fined $185 million for unauthorized account openings
  WF has agreed to pay to customers, federal,and local agencies after employees opened accounts, moved money without customers' consent
2014 Aug.28  Wells Fargo big winner when LendingClub goes public Apr.29  Wells Fargo blasted for 'predatory lending' 2013 Aug.22  Wells Fargo to lay off 2,300 mortgage workers Jan.11 Wells Fargo posts record earnings 2012 Oct.9  U.S. sues Wells Fargo over mortgage fraud Aug.30  Bank worker fired for crime long ago Jul.13  Wells Fargo's profit jumps 17% Apr.24 20 arrested protesting Wells Fargo meeting in SF. SF Downtown Jan.17 Wells Fargo: 4Q profit up 20% 2011 Nov.5 Protesters crowd around Wells Fargo  Oakland Downtown: A branch is not letting customers in as protesters crowd the entrance to condemn what they're calling investments in immigrant detention cen... Oct.17  Wells Fargo 3Q profit up 21% Oct.12   Protest blocks Wells Fargo HQ entrance
Map of Montgomery and California street San Francisco  SF Downtown: Nearly 200 activists are blocking the front door in a protest that slowed downtown traffic and forced workers to use a side entrance Jul.19 Wells Fargo 2Q profit leaps 30% Apr.20 Wells Fargo's income rises 51%  The first quarter as more people opened accounts with the bank and business customers took out more loans Jan.19  Wells Fargo 4Q profit rises 2010 Dec.20  Wells to modify 15K option-ARM loans Oct.21 Wells Fargo reports record profit  The largest U.S. home lender, reported record third-quarter profit that beat most analysts' estimates as credit conditions improved Aug.25  Wells buys into mortgage market Aug.11 Wells Fargo loses debit card suit Jul.30  Wells: Customers will pay, too Jul.21 Wells 2Q Profit Rises; Bad Loans Ease Apr.21 Wells Fargo earns $2.4B, credit improving Jan.20 Unexpected 4Q profit for Wells  Wells Fargo & Co. took a more optimistic view than other banks as it reported a surprise $394 million profit for the fourth quarter 2009 Dec.23 Wells Fargo repay TARP  Wells Fargo & Co. and Citigroup Inc. said that they repaid $45 billion they received from the Troubled Asset Relief Program Dec.15 Wells Fargo to repay TARP money Dec.1 Wells to close or rename Wachovia outlets Nov.18 Wells to repay $1.4B to investors May.6 Wells said to need $15 billion
  Wells Fargo, the 4th-largest U.S. bank by assets, requires about $15 billion in new capital as a result of regulators' stress test on the lender May.4 Wells asked to raise money Apr.27 Industry analysts downgrade bank rating Mar.5 Wells shares fall on possible downgrade Feb.3 Wells Fargo cancels Vegas junket Feb.2 $371.5 million Dividend To U.S. Treasury Jan.11 Wells has more branches than any bank
  Wells Fargo & Co., which began in 1852 as a 'Express and Banking House' serving gold miners, now controls more branches than any U.S. bank
2008 Jul.16 Wells Fargo Boosts Payout
2004 Oct.19 Earnings rise 12%, but miss estimates Jan.20 4th-quarter earnings rise by 10% 2003 Nov.21 Customer Data Stolen at Wells Fargo. Concord Jan.21  Profits continued in the fourth quarter



Wells Fargo, Financial Merger and Acquisition Timeline ... See Bay Area Merger and Acquisition timeline, World Merger and Acquisition timeline Top ^
2008 Oct.13 Feds approve merger with Wachovia  The Federal Reserve approves the merger of Wells Fargo and Wachovia after Citigroup withdraws the legal case in a New York federal court Oct.9 Wells gets green light for Wachovia  Wells Fargo is proceeding with plans to acquire Wachovia Corp. for $11.7 billion. Citigroup wouldn't pursue legal actions to halt the takeov... Oct.3 Wells Fargo To Buy Wachovia
  Wachovia agreed to be acquired in a $15.1 billion all-stock deal. Citigroup demands that Wachovia abide by the terms of its earlier deal
 The Citigroup deal would have been done with the help of the Federal Deposit Insurance Corp. Wells deal without it
2000 Apr.11  Wells Fargo to buy Utah's biggest bank



Wells Fargo, Financial Business Leaders Timeline ... See Bay Area Business Leaders timeline, World Business Leaders timeline Top ^
2009 Sep.22 Chairman Kovacevich to step down  Dick Kovacevich will step down as chairman at the end of 2009, after staying in the post an extra year to help navigate the financial crisis 2007 Jun.27 Longtime CEO Kovacevich Steps Down
  Chairman Richard Kovacevich has turned over the reins to his top lieutenant, John Stumpf



Wells Fargo, Financial Stocks Timeline ... See Bay Area Stocks timeline, World Stocks timeline Top ^
2016 Mar.29  Buffett's company now owns 10 percent of Wells Fargo's stock



Wells Fargo, Financial Earnings Timeline ... See Bay Area Earnings timeline, World Earnings timeline Top ^
2018 Apr. 13 Wells Fargo profit up, faces possible $1 billion settlement
  Profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to settle a host of investigations
Jan.12 Wells Fargo’s earnings take yet another big litigation hit
  The $3.25 billion hit to earnings comes after the bank took a $1 billion charge toward a potential settlement over precrisis mortgage sales 2017 Oct.14 Wells Fargo third-quarter results fell short  The bank's third-quarter results fell short of Wall Street estimates as its legal costs grew. Wells Fargo & Co., down $1.52 to $53.69 Jul.16 WF $5.8 billion profit tops forecasts, but revenue falls shy  Wells Fargo posted second-quarter profits that topped Wall Street’s expectations. It's possible Wells Fargo is beginning to turn the corner 2015 Oct.14 Wells Fargo's earnings edge up 1 percent to $5.4 billion 2014 Oct.14 Wells Fargo profit matches estimates 2012 Apr.13  Wells Fargo profit up as mortgage results improve 2009 Jul.22 Wells Posts 2Q Profit, Surpasses Forecast Apr.9 Record 1Q Profit For Wells  Wells Fargo expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates Jan.28 Wells lost $2.83 billion in 4th quarter 2006 Jul.18 Wells Fargo Reports Record Profits 2000 Apr.18 Wells Fargo posts record profits Jan.19  Earnings Climb 26%



Wells Fargo, Financial Job Cut Timeline ... See Bay Area Job Cut timeline, World Job Cut timeline Top ^
2011 Apr.8 Wells eliminates 1,900 mortgage jobs
2010 Jul.8 Wells Fargo to cut consumer unit, jobs