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Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

The current quarter included a 10-cent per share income tax expense. . Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. . The San Francisco-based bank had a total of 5,751 retail branches by the end of the second quarter, citing 114 branch consolidations during the first half.

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Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

That got regulator's attention in the form of a May 2011 Consent Order (CO). Actually, the Bank had a one-time after tax litigation settlement (from a 2002-04 event) of $6.2 Their non-performing loans (NPL)/total loans ratio peaked at 12.54% in 2010, and between 2009-12, the Bank charged off over 11% of its loan portfolio.