Buying into Charlie Scharf’s 5-year plan for Wells Fargo got cheaper
When Charlie Scharf took the reins at Wells Fargo five years ago, the bank was in turmoil. A series of scandals landed it in the regulatory doghouse — dealing a …
KBW Bank Index
It’s been a year since SVB’s failure. Where our bank stocks stands now
It’s been a year this week since the collapse of Silicon Valley Bank sent shockwaves through the banking sector. While the crisis most directly affected the regionals, major U.S. financial …
How Wells Fargo stock reacted to 6 regulatory orders being lifted
Since taking over as CEO of Wells Fargo in 2019, Charlie Scharf has been cleaning up the bank. He’s cleared six consent orders tied to past misdeeds there that predated …
These banks are solid and cheap. But investors should be cautious
With the banking sector facing a myriad of headwinds — including stricter regulations, high interest rates and scrutiny from U.S. rating agencies — financial stocks are looking cheap. But the …
Fitch warns it may be forced to downgrade dozens of banks
A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks …