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Prospect News home > News index > List of issuers W > Headlines for Wells Fargo Bank NA > News item
Published on 10/4/2016 in the Prospect News Canadian Bonds Daily, Prospect News Convertibles Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch: Wells Fargo view to negative

Fitch Ratings said it affirmed Wells Fargo & Co.’s ratings at AA-/F1+ and Wells Fargo Bank, NA's ratings at AA/F1+ and revised the outlook to negative from stable.

Fitch said the affirmation reflects the company's superior earnings profile, strong liquidity, and still benign asset quality, while the outlook revision reflects potential damage to the firm's franchise and earnings profile following recent regulatory actions regarding improper unauthorized account openings.


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