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WFC

Wells Fargo

$45.86 /

+0.17 (+0.37%)

17:27
06/05/19
06/05
17:27
06/05/19
17:27

Wells Fargo board mulls keeping Allen Parker as CEO, Reuters says

Wells Fargo board members are weighing keeping interim CEO Allen Parker in his current role permanently even after saying they would look for an outsider to fill the position, Reuters' Imani Moise and Jessica DiNapoli report, citing two sources familiar with the board's thinking. Parker assumed the role in March when former CEO Tim Sloan abruptly resigned, saying pressure from politicians and regulators had become a distraction in running the lender, the authors note. The external search for a new boss has been complicated by concerns that the bank could not pay the big dollars necessary to lure talent from competing banks, and whichever person they choose would also be subject to an unusual vetting by U.S. regulators, the authors note. Sources told Moise and DiNapoli that board member started warming up to the idea of keeping Parker after he made a good impression on shareholders, noting that Parker has not been tainted by the fake accounts scandal since he joined in 2017. Reference Link

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WFC Wells Fargo
$45.86 /

+0.17 (+0.37%)

05/21/19 Deutsche Bank
Wells Fargo price target lowered to $46 from $48 at Deutsche Bank
04/15/19
Fly Intel: Top five analyst downgrades
04/15/19
Wells Fargo downgraded to Neutral at BofA/Merrill
04/15/19 Deutsche Bank
Wells Fargo price target lowered to $48 from $54 at Deutsche Bank

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AMD

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KLA Corp.

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cbdMD

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Kratos Defense

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Pfizer

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Equifax

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Parkland Fuel

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Woodward, Hexcel mutually terminate merger agreement due to COVID-19 impact » 07:32
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Woodward, Hexcel mutually terminate merger agreement due to COVID-19 impact  07:31
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Owens Corning price target lowered to $38 from $55 at Nomura Instinet » 07:31
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OC

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