The nation’s biggest U.S. mortgage lender, based in San Francisco, said Tuesday that its next dividend is payable June 1 to shareholders of record on May 10.
San Francisco-based Wells Fargo, the nation’s biggest mortgage lender, said its first-quarter profit surged 23 percent after the bank cut expenses.
The ‘button-down bandit’ is sought for two bank robberies in March.
Wells Fargo CEO John Stumpf got a pay package worth $19.3 million last year, 8 percent more than he received in 2011, when his compensation deal made him one of the highest paid CEOs in the U.S.
Police reopened streets around the Wells Fargo headquarters in San Francisco’s Financial District after investigating a suspicious package that was found there Monday morning.
Wells Fargo, the country’s biggest mortgage lender, said it earned a record $4.9 billion in the fourth quarter, up 25 percent from the same period a year before.
A group of active and retired San Francisco employees wants to stop their pension money from funding banks that have used questionable procedures to foreclose on delinquent home loans.
Wells Fargo posted record earnings in the third quarter as the bank increased mortgage lending and pocketed more fees.
The federal government has sued Wells Fargo Bank in New York, blaming the nation’s largest originator of home mortgages for thousands of loan defaults over the last decade.
Police have released more information about a bank robbery earlier this week that prompted lockdowns at several San Jose schools.