Lower expenses and fewer bad loans helped lift Wells Fargo’s second-quarter profit by 20 percent, the company reported Friday.
The FBI and authorities were looking into whether it is tied to three other recent similar crimes in San Francisco and Millbrae.
The FBI and local authorities are asking for the public’s help in identifying three men who allegedly robbed two banks in San Francisco and Millbrae on Monday as well as another San Francisco bank in April.
More than 200,000 Californians will each receive checks worth nearly $1,500 this month as part of the national mortgage settlement, the state attorney general’s office said Tuesday.
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.