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Show me the money, cynical advisers say about Wells Fargo re-brand
Advisers are likely to welcome Wells Fargo Securities LLC's plans to build up its investment-banking business, but they are likely to have a “show me the money” attitude when management promises such changes, according to recruiters and analysts.
Wells Fargo re-brands investment banking business
Wells Fargo & Co. said today it has renamed its investment banking and capital markets businesses as Wells Fargo Securities.
Wells Fargo expects record $3B profit in first quarter
Wells Fargo & Co. said today it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and providing an encouraging sign for the banking industry.
Wells Fargo’s record profit: Good omen or anomaly?
No big bank was supposed to utter the words "record" and "profit" in the same sentence this year. But Wells Fargo said today it earned about $3 billion for the first quarter — its highest income ever, and twice what analysts predicted. If more banks see a similar burst in business, the panic over the fate of the banking industry could dissipate
