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VisitWells Fargo stock performance post-termination news by end of 2024
Outperforms S&P 500 • 33%
Performs on par with S&P 500 • 33%
Underperforms S&P 500 • 34%
Stock market performance data from credible financial sources
Wells Fargo Fires Over a Dozen Employees in May for Faking Work with Keyboard Simulators
Jun 14, 2024, 12:56 AM
Wells Fargo has terminated more than a dozen employees following an investigation into allegations of falsified work activity. The employees were reportedly using tools such as mouse movers and keyboard simulators to create the illusion of active work while working remotely. The terminations occurred last month in May and involved staff primarily from the bank's wealth and investment management divisions. This action, detailed in a Finra filing and reported by Bloomberg, underscores the bank's commitment to maintaining productivity and integrity among its remote workforce.
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Outperform S&P 500 • 33%
Match S&P 500 • 33%
Underperform S&P 500 • 33%
Outperforms S&P 500 • 33%
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Performs in line with S&P 500 • 34%
Gold outperforms S&P 500 • 50%
S&P 500 outperforms gold • 50%
Improved profitability • 33%
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Worsened losses • 33%
Outperforms major banks • 33%
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Outperforms peers • 33%
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Outperform S&P 500 • 33%
Match S&P 500 performance • 33%
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Outperform S&P 500 • 33%
Match S&P 500 • 33%
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Outperforms sector • 33%
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Related to financial misconduct • 33%
Related to remote work practices • 33%
Other reasons • 34%