Wells Fargo earnings jump as turnaround effort shows progress
CEO Charlie Scharf says first-quarter results reflect stronger US economy and ongoing focused streamlining of operations
14 April 2021 - 20:40
Wells Fargo jumped the most in almost two months on Wednesday after profit soared sevenfold, giving scandal-weary investors something to cheer as CEO Charlie Scharf’s turnaround effort shows signs of progress.
Shares of the company advanced 5.2% after the first-quarter earnings report and comments from Scharf, who said the company is anxious to raise its “quite low” dividend...
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