Wells Fargo's stock fell about 2% after the Department of Housing and Urban Development (HUD) announced an investigation into the bank's mortgage programs designed to increase homeownership among Black and minority borrowers. Housing Secretary Scott Turner criticized the race-based approach as "immoral" and "un-American," signaling a shift in federal policy under the Trump administration against race-conscious lending initiatives. The probe examines whether Wells Fargo's Special Purpose Credit Programs, which offered refinancing assistance and grants to minority homeowners, violated fair-lending laws. This investigation could impact similar programs at other banks and force lenders to reconsider race-based eligibility criteria amid changing federal regulations.
Wells Fargo shares are trading at USD 80.25 on Pluang as of Oct 08, 2026 02:41 WIB, down 1.55% in the last day. The stock's market capitalization stands at $246.49 billion, reflecting its significant presence in the financial sector. Pluang users show a strong selling sentiment with 87% of order activity on Wells Fargo shares being sell orders at this time.
Wells Fargo currently pays a higher dividend yield of about 2.49% compared to JPMorgan's 2.02%, but JPMorgan has a stronger record of maintaining dividends during financial stress, notably holding steady through the 2020 pandemic while Wells Fargo cu...
Wells Fargo has introduced a new feature in its mobile banking app allowing customers to personalize their debit cards by uploading photos or choosing from a design gallery. This move aims to make debit cards more meaningful and appealing, especially...
Both Wells Fargo and Bank of America raised dividends recently and trade at similar valuations, but Bank of America is the better choice for retirees seeking reliable income. Wells Fargo offers a slightly higher yield, but Bank of America maintained ...
The article reviews the best cash back credit cards available in October 2026, highlighting the Wells Fargo Active Cash® Card as the top pick for its unlimited 2% cash rewards and no annual fee. Other notable cards include the Bank of America® Custom...
