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Calamos Wealth Management raised its stake in Wells Fargo by 2% during Q1, now holding 198,112 shares worth $14.2 million.

He noted that lower-income consumers are still the most stretched as a result of higher inflation the past few years. The bank said credit-card balances rose in the quarter from a year ago.

The bank maintained its prior guidance that it would see about a 3.4% net charge-off rate for its credit card business. That is the percentage of loan balances it believes won’t get repaid.

Wells Fargo & Co. has increased from 150 to 194 the number of employees affected by the pending closing of its West End Center in downtown Winston-Salem.

Wells Fargo & Co. is shuttering its West End Center in downtown Winston-Salem, eliminating 150 jobs. Operations in the 379,000-square-foot center at 809 West 4½ St. are expected to cease as early ...

Find the latest Wells Fargo & Company (WFC-PC) stock quote, history, news and other vital information to help you with your stock trading and investing.

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NEW YORK (Reuters) -Wells Fargo has hired a senior banker from Citigroup to lead its activism defense practice, as corporations scramble to build out business units to help clients facing pressure ...