Wells Fargo's Future Looks Brighter Under New Management
Wells Fargo (NYSE: WFC) has issues. Its brand reputation was marred from the fake accounts scandal in 2016 thus starting a contentious relationship with regulators. For the last seven months they've been without a CEO. The long-term future was looking bleak until October 21, when Charles Scharf was named CEO.
Mr. Scharf's tenures at Bank of New York Mellon, Visa, and J.P. Morgan Chase bodes well for Wells Fargo's future. He's not wasting any time turning around America's fourth largest bank.
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Source Fool.com
