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Wells Fargo Now Says 3.5 Million Accounts May Have Been Unauthorized


Wells Fargo Now Says 3.5 Million Accounts May Have Been Unauthorized

The first step in addressing a problem is recognizing that there is one. That's a lesson Wells Fargo (NYSE: WFC) seems to have taken to heart.

On Thursday, the bank released the results of a third-party review of its sales practices dating back to 2009. The review found that as many as 3.5 million accounts may have been improperly opened by Wells Fargo branch employees from January 2009 through September 2016.

The Wells Fargo stagecoach has seen better days. Image source: Getty Images.

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Source: Fool.com

Wells Fargo & Co. Stock

€56.86
-0.590%
The price for the Wells Fargo & Co. stock decreased slightly today. Compared to yesterday there is a change of -€0.340 (-0.590%).
With 18 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 60 € there is a slightly positive potential of 5.52% for Wells Fargo & Co. compared to the current price of 56.86 €.
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