Wells Fargo Hires New Head of Cards

Wells Fargo hires JPMorgan executive as head of cards and merchant services
Wells Fargo hires former Chase exec as it chases credit card growth
Wells Fargo Hires New Head of Cards From JPMorgan
Wells Fargo has hired JPMorgan Chase's former president of branded cards to lead its cards business. The bank said Tuesday that Ed Olebe has been named head of cards and merchant services, effective immediately. Olebe succeeds Ray Fischer, who notified the company last year of his intention to retire. Olebe joined Wells Fargo in 2019.
All It Takes Is $3,500 Invested in JPMorgan Chase and 3 Other Dividend Stocks to Help Generate Over $300 in Passive Income a Year
Wells Fargo blasted 6.7% higher on Jan. 15 thanks to solid results, including 11% higher diluted earnings per share and 15% growth in fee-based revenue. JPMorgan Chase popped 2% on Jan. 15 and reached an all-time high on Jan. 17 in response to excellent results and another year of record revenue and net income.
Wells Fargo: Likely Fairly Valued (Rating Upgrade)
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance. Read why I upgrade WFC stock from sell to hold.
Lawsuit against Zelle no help to Southlake man who loses $1,987 in online theft via Chase
Zelle is a major embarrassment to the big bank community. If you don’t know, it’s an app used to send money to a person or institution at no charge. The lawsuit argues that Zelle has cost Americans $870 million in lost money due to theft. But the banks are adamant when they say that number is overblown.
Chase calls workers back to office 5 days a week. What’s BofA and Wells doing?
JPMorgan Chase told employees Friday that it will require most of them to return to the office five days a week, starting in March. Chase, the Bay Area’s third-largest bank based on deposits in the region, said more than half the company’s employees have already returned to their offices full time.
Bank earnings: JPMorgan, Wells Fargo, Goldman Sachs post beats, and Citi swings to a profit
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
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Chase, Wells Fargo among banks offering 90-day grace period on mortgages to LA wildfire victims
According to Gov. Gavin Newsom's office, Bank of America, Citi, JPMorgan Chase, U.S. Bank, and Wells Fargo are offering a 90-day forbearance of their mortgage payments, without reporting the payments to credit reporting agencies.
Wells Fargo Keeps Their Buy Rating on JPMorgan Chase & Co. (JPM)
In a report released yesterday, Mike Mayo from Wells Fargo maintained a Buy rating on JPMorgan Chase & Co. (JPM – Research Report). The
Wells Fargo Stock: Good Times Ahead
Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.
Wells Fargo, Merrill Cash-Sweep Accounts Shortchanged Clients, SEC Alleges
Investment adviser units of Wells Fargo & Co. and Bank of America Corp.’s Merrill shortchanged customers by funneling uninvested cash into sweep accounts that benefited the banks but not their clients,
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.
Why investors seem giddy about once-troubled Wells Fargo
Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." But he said executives "don't want to get ahead of ourselves."