Wells Fargo Profits Down in Wake of Account Fraud Scandal
In this segment from the Motley Fool Money podcast, host Chris Hill, Million Dollar Portfolio's Jason Moser, Supernova and Rule Breakers' David Kretzmann, and Motley Fool Hidden Gems' Andy Cross consider the factors behind the wildly different results posted by Wells Fargo (NYSE: WFC) -- profits fell 18% -- versus other big banks. It's been about a year since the first revelations of Wells' massive fake account fraud, but the bank isn't losing accounts. So what gives?
A full transcript follows the video.
Source: Fool.com
Wells Fargo & Co. Stock
€52.86
1.410%
With 18 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 60 € there is a slightly positive potential of 13.51% for Wells Fargo & Co. compared to the current price of 52.86 €.
