Wells Fargo & Co | Beijing 2022 Winter Games

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 22, 2021. Asian shares have rebounded from their retreat a day earlier, tracking Wall Street's recovery from the Federal Reserve's reminder it will eventually provide less support to markets. (AP Photo/Kin Cheung)

Asian shares track rebound on Wall Street

By Yuri Kageyama Jun. 20, 2021 11:44 PM EDT

This image from video provided by the House Financial Services Committee shows Wells Fargo CEO Charles Scharf testifying virtually to the House Financial Services Committee Thursday, May 27, 2021. (House Financial Services Committee via AP)

Bank CEOs tell Congress they'll work to avoid foreclosures

By Ken Sweet May. 27, 2021 01:12 PM EDT

This image from video provided by the Senate Banking Committee shows Citigroup CEO Jane Fraser testifying virtually to the Senate Banking Committee Wednesday, May 26, 2021. (Senate Banking Committee via AP)

Bank CEOs outline pandemic support; senators split on issues

By Ken Sweet And Marcy Gordon May. 26, 2021 10:27 AM EDT

Bank of America signage is shown Wednesday, Feb. 10, 2021, in Atlanta. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again(AP Photo/John Bazemore)

Bank of America profit doubles in 1Q to $8.1 billion

By Ken Sweet Apr. 15, 2021 07:03 AM EDT

Wells Fargo earned $4.74 billion in Q1, topping estimates

By Matt Ott Apr. 14, 2021 08:46 AM EDT
SILVER SPRING, Md. (AP) — Wells Fargo had its best quarter in a year and a half, posting a profit of $4.74 billion and freeing up more than a billion dollars...

Wells Fargo profit jumps to $4.74 billion in first quarter

By The Associated Press Apr. 14, 2021 08:13 AM EDT
Wells Fargo & Co. says first-quarter net income jumped to $4.74 billion from $653 million a year earlier, when the pandemic struck the global economy. ...

An employee of a bank walks near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, April 15, 2021. Asian stock markets were mixed Thursday after Wall Street retreated from a record high as major banks reported strong profits at the start of U.S. earnings season. (AP Photo/Lee Jin-man)

Asian stock markets mixed after Wall St retreats from record

By Joe Mcdonald Apr. 14, 2021 01:43 AM EDT

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, April 13, 2021. Asian shares were mostly higher on Tuesday with hopes growing for a global economic rebound despite worries over renewed surges in coronavirus cases. (AP Photo/Vincent Yu)

Asian shares gain despite virus worries; China exports rise

By Yuri Kageyama Apr. 12, 2021 02:53 AM EDT

People walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, April 12, 2021. Asian shares were lower on Monday, as investors grew wary over the recent surge in coronavirus cases in many places while vaccinations are making scant headway. (AP Photo/Vincent Yu)

Asian shares decline on vaccine, virus worries

By Elaine Kurtenbach Apr. 12, 2021 12:03 AM EDT

In this photo provided by the New York Stock Exchange, Adam Logan, foreground, works with a fellow trader on the floor, Friday, April 9, 2021. Technology companies helped lift stocks higher on Wall Street in afternoon trading Friday, placing the market within striking distance of more record highs. (Colin Ziemer/New York Stock Exchange via AP)

Tech company gains help push S&P 500 to record high

By Damian J. Troise And Alex Veiga Apr. 09, 2021 02:49 AM EDT

FILE - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building. Banks and energy stocks are leading major U.S. indexes mostly lower in the early going on Wall Street, while gains for some Big Tech companies like Microsoft nudged the Nasdaq slightly higher. (AP Photo/Mark Lennihan, File)

Asia stocks follow Wall Street down on renewed virus worries

By Joe Mcdonald Mar. 23, 2021 02:05 AM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to shore up the financial system during the early days of the pandemic. The Fed said it will not extend the relief from the supplementary leverage ratio past March 31, 2021. (AP Photo/Susan Walsh, Pool)

Fed to end relaxed capital requirements for large banks

Mar. 19, 2021 09:47 AM EDT

A man wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, March 19, 2021, in Tokyo. Asian stock markets followed Wall Street lower on Friday after rising U.S. bond yields pulled stocks lower, dampening enthusiasm driven by the Federal Reserve's promise of low interest rates. (AP Photo/Eugene Hoshiko)

Asian markets follow Wall St lower after Fed bump

By Joe Mcdonald Mar. 18, 2021 01:58 AM EDT

FILE - In this Nov. 23, 2020 file photo, a street sign is displayed at the New York Stock Exchange in New York. Stocks were mixed in early trading on Monday, March 15, 2021, as investors sifted a mixed bag of data from China. Wall Street continues to eye the bond market, where yields gave back some of last week's gains. (AP Photo/Seth Wenig, File)

Asia shares mostly higher after US stocks gain for fifth day

By Yuri Kageyama Mar. 15, 2021 05:13 AM EDT

Goldman Sachs' profits more than double, despite pandemic

By Ken Sweet Jan. 19, 2021 08:57 AM EST

A Wells Fargo office is shown, Wednesday, Jan. 13, 2021 in New York. Wells Fargo & Co. says its profit rose 4% to $2.99 billion in the fourth quarter of 2020. The bank, based in San Francisco, said Friday that it had earnings of 64 cents per share, compared with earnings of 60 cents a year earlier. (AP Photo/Mark Lennihan)

Optimistic banks start moving 'bad' loans back to 'good'

By Ken Sweet Jan. 15, 2021 01:41 PM EST

A Wells Fargo office is shown, Wednesday, Jan. 13, 2021 in New York. Wells Fargo & Co. says its profit rose 4% to $2.99 billion in the fourth quarter of 2020. The bank, based in San Francisco, said Friday that it had earnings of 64 cents per share, compared with earnings of 60 cents a year earlier. (AP Photo/Mark Lennihan)

Wells Fargo 4Q profit rose 4%, tops Street estimates

By Matt Ott Jan. 15, 2021 08:52 AM EST

FILE - This Monday, Nov. 16, 2020 file photo shows the Federal Reserve in Washington. The Federal Reserve said Friday, Dec. 18, 2020 that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock. (AP Photo/J. Scott Applewhite, File)

Fed finds big US banks in solid shape; keeps dividend limits

By Marcy Gordon Dec. 18, 2020 04:42 PM EST

Specialist Patrick King works at the New York Stock Exchange on Monday, Nov. 23, 2020. Stocks rose in early trading Monday after investors received several pieces of encouraging news on COVID-19 vaccines and treatments, tempering concerns over rising virus cases and business restrictions. (Nicole Pereira/New York Stock Exchange via AP)

Asian shares mostly rise on virus vaccine, Yellen hopes

By Yuri Kageyama Nov. 23, 2020 12:08 AM EST

FILE - In this July 10, 2019, photo a Wells Fargo building is shown in downtown Minneapolis. Wells Fargo reported earnings of $2 billion on Wednesday, Oct. 14, 2020, less than half it made in the same period last year but a significant recovery from last quarter, when it lost $2.4 billion. (AP Photo/Jim Mone, File)

Wells Fargo posts $2 billion profit in 3Q, reversing 2Q loss

By Matt Ott Oct. 14, 2020 09:04 AM EDT