TECHNICAL ANALYSIS | June 11, 2020
The Three Billion Dollar Fraud
In February 2020, Wells Fargo (WFC) agreed to pay $3 billion to settle criminal and civil charges which resulted from its fraudulent treatment of some bank customers over a 14-year period, from 2002 until 2016. Because of impossible sales targets set by senior executives, low-level staff opened millions of accounts in customers' names without their authorization. With the settlement behind them, is the worst over for this stock?
by Stella Osoba, CMT
Technical Analysis of STOCKS & COMMODITIES
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