Wells Fargo, SEC and Bank of America

Wells Fargo and Bank of America Agree to Pay Combined $60 Million to Settle SEC Probe
In the enforcement actions announced Friday, the regulator said the two firms agreed to settle the charges without admitting or denying any wrongdoing.
Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges
Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges over compliance failures, the regulator said on Friday.
SEC Settles Charges Against Bank of America, Wells Fargo Units
The units charged by the SEC consented to the entry of orders without admitting or denying the SEC's findings. Wells Fargo Clearing Services agreed to pay a civil penalty of $28 million, Wells Fargo Advisors Financial Network agreed to pay $7 million, and Merrill Lynch, Pierce, Fenner & Smith agreed to pay $25 million.
Bank of America (BAC) Receives a Buy from Wells Fargo
In a report released yesterday, Mike Mayo from Wells Fargo maintained a Buy rating on Bank of America (BAC – Research Report), with a price
What to expect from Q4 earnings for Bank of America, Truist and Wells Fargo
Wells Fargo & Co. (NYSE: WFC), Bank of America Corp. (NYSE: BAC) and Truist Financial Corp. (NYSE: TFC) are scheduled to release their fourth-quarter 2024 earnings on Jan. 15, Jan. 16 and Jan. 17, respectively.
Wells Fargo, Merrill to Pay $60 Million Penalties Over Cash Sweep Accounts: SEC
Advisory clients’ uninvested dollars were automatically swept into bank accounts that paid paltry interest, but were profitable for the companies, the SEC said.
Bank of America Securities Remains a Buy on Wells Fargo (WFC)
In a report released yesterday, Ebrahim Poonawala from Bank of America Securities reiterated a Buy rating on Wells Fargo (WFC – Research
Wells Fargo, Merrill Cash-Sweep Accounts Shortchanged Clients, SEC Alleges
Investment adviser units of Wells Fargo & Co. and Bank of America Corp.’s Merrill shortchanged customers by funneling ...
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it ...
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Wells Fargo vs. Bank of America — which bank is better for you?
Broadly speaking, both Wells Fargo and Bank of America will cover your basic banking, but depending on the type of saver (or spender) you are, one could be a better match. What we'll cover ...
Bank of America, Morgan Stanley to Report Earnings After Rivals Set High Bar
Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report ...