Friday, October 13, 2017

Wells Fargo legal headaches are hurting profits

Wells Fargo's pre-crisis subprime mortgage troubles are coming back to haunt the bank a decade later. The big bank said on Friday that third-quarter profits tumbled by 18% because it set aside $1 billion for legal expenses
CNNMoney Markets Now
 
Dow Nasdaq S&P
+30.71   +14.29   +2.24
22,871.72   6,605.80   2,553.17
+0.13%   +0.22%   +0.09%
YTD +15.73%   YTD +22.71%   YTD +14.04%
 
Biggest Winners
HP Inc +6.42%
 
Everest Re Group Ltd +6.04%
 
Viacom Inc +5.82%
 
Alliance Data Systems Corp +4.87%
Biggest Losers
PG&E Corp -10.51%
 
J B Hunt Transport Services Inc -4.01%
 
Centene Corp -3.33%
 
Anthem Inc -3.11%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $51.39 -0.06 / -0.12%
Gold $1,305.50 +0.90 / +0.07%
10-yr 2.28% -0.04 / -1.85%
Euro $1.18 -0.00 / -0.12%
News: What you need to know about the markets
 
 
Wells Fargo legal headaches are hurting profits
Wells Fargo's pre-crisis subprime mortgage troubles are coming back to haunt the bank a decade later. The big bank said on Friday that third-quarter profits tumbled by 18% because it set aside $1 billion for legal expenses Read more »
 
With or without Obamacare, insurers are thriving
Most health care insurers have reported a big jump in sales, profits and their stock price in the past seven years, despite all the turmoil surrounding the Affordable Care Act and President Trump's plans to try and replace it. Read more »
 
Quest: It's the IMF vs. Donald Trump
Read Richard Quest's weekly Profitable Moment. Read more »
 
Oil giant Shell bets on electric cars
Royal Dutch Shell revealed a deal on Thursday to acquire NewMotion, one of Europe's largest electric vehicle charging providers. Read more »
 
JPMorgan earns $6.7 billion thanks to Main Street
JPMorgan Chase, the nation's largest bank by deposits, reported a solid increase in earnings thanks to strong demand for credit cards, auto loans and mortgages. Consumer lending picked up the slack for weak trading revenues. Read more »
 
London luxury property is still glitzy for Middle East investors
The weak pound and falling prices are encouraging Middle East investors to continue to pour millions into London luxury real estate despite concerns about Brexit. Read more »
 
 
 
 
Hi, let us know what you
think of this newsletter!
 
Tell us what you want to read more of... and less of.
Email your tips and feedback to MarketsNowFeedback@turner.com
Sign up for
Quest's Profitable Moment
newsletter
  Sign up for
Before the Bell
newsletter
CNNMoney Investing App
 
Tips, thoughts or questions are always welcome at
MarketsNowFeedback@turner.com
 
® © 2016 Cable News Network Inc.
A Time Warner Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNNMoney's "Markets Now" newsletter.

Our Mailing address is:
Cable News Network, Inc.
Attention: Privacy Policy Coordinator
One CNN Center, 13 North
Atlanta, GA 30303
 
                                                 






This email was sent to Reed791.worldnews@blogger.com
why did I get this?    unsubscribe from this list    update subscription preferences
Cable News Network, Inc. · Attention: Privacy Policy Coordinator · One CNN Center, 13 North · Atlanta, GA 30303 · USA

No comments:

Post a Comment