Wells Fargo announced on Wednesday that the company agreed to pay $1.2 billion in a faulty mortgage lawsuit settlement with the US government. The lawsuit originated in 2012 when the US accused Wells Fargo of reckless lending practices. The two entities have been in settlement talks for more than three years. Shares of Wells Fargo were down more than 3% during trading hours Wednesday.
See the following visualizations which highlight the current day, 90-day, and 1-year vs. the S&P 500 stock performance of Wells Fargo, as well as an overview of banking regulatory fines for 2008-2015.
Wells Fargo & Company (WFC) Stock Price – Current Day
Wells Fargo & Company (WFC) Stock Price – 90 Days
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Wells Fargo & Company (WFC) vs. S&P 500 Percent Change Over Time – 1 Year
Growth in Banking Regulatory Fines (2008 – 2015)
