The bank will lower its dividend payment in the interest of maintaining capital levels.
News & Analysis: Wells Fargo
JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, and Goldman Sachs all say they plan to maintain dividends in Q3, despite the Fed's restrictions.
The Federal Reserve gave the financial industry some bad news, and it's making investors nervous.
Yes, it would: The giant bank revealed Thursday that it had passed its recently conducted stress test.
Both Wells Fargo and Simon Property Group have bigger headaches than their dividend-paying competitors.
Not all money managers were adding to their investment portfolios during the stock market crash.
Even after the strong recovery, there are still great bargains to be found.
The bank will set aside even more money in anticipation of defaults this quarter than it did in the first.
The financial sector is under pressure for a few reasons.
Comments by the bank's CFO are worrying investors.