We're upgrading our rating on Wells Fargo as the stock's pullback offers a nice entry point
Wells Fargo's third-quarter results were not perfect, but CEO Charlie Scharf's turnaround should bear more fruit ahead.
CNBC reports: Wells Fargo's third-quarter results were not perfect, but CEO Charlie Scharf's turnaround should bear more fruit ahead.
This business story centres on the United States. Names and organisations mentioned in the coverage include Wells Fargo and CEO Charlie Scharf.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- Wells Fargo, CEO Charlie Scharf
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at CNBCSpotted an error? Request a correction · How this summary was produced
Related Stories
Sources: NFL expected to suspend Rams LT Jackson two games for punch
The NFL is expected to suspend Rams left tackle Alaric Jackson for two games without pay, sources told ESPN's Adam Schefter.
Bills' Brady warns RB Cook of 'consequences' for costly fumbles
Bills coach Joe Brady says RB James Cook has done a lot of "good things" this season, but warned his star runner about the "consequences" of his…
Rams player suspended for punch & kicker cut by club
The fallout from the Los Angeles Rams' defeat by the Buffalo Bills continues as offensive lineman Alaric Jackson is suspended for punching an…
Chuck Lorre Tells All: His 10 Years in Scientology, Clashes With Stars Like Roseanne and Brett Butler, and How ‘The Big Bang Theory’ Cast Shocked Him
Chuck Lorre has been entangled with some of the most notoriously difficult TV comedy stars in modern memory: Roseanne Barr, Brett Butler, Cybill…
Don't let inflation bite — how to hedge with TIPS, commodities and infrastructure funds
TIPS are looking attractive but they aren't the only way to get inflation protection.
Bank of America fined $1.2 billion over money-laundering violations
The action by the Treasury Department was announced less than a day before Bank of America reports quarterly earnings.
Judge says Musk engaged in intimidation of ex-FEMA CFO Mary Comans, clears her name
Ex-FEMA CFO Mary Comans' name was cleared by a federal judge after Elon Musk and other government officials falsely accused her of criminal actions…
Licube wants to be the fuel provider to the fusion power industry
Fusion power plants will need a lot of lithium, and Licube is preparing to be a key supplier.

