In 2016, Wells Fargo gave Mack a critical task: fixing its scandal-plagued community banking division. With that mission still a work in progress, CEO Timothy Sloan handed her yet another troubled segment in December: consumer lending, which had just been hit by fines for unfair loan charges. But while management seems to trust Mack’s ability to lead a turnaround, Wells Fargo’s reputation remains on the ropes, with investors wondering whether the bank will ever manage to clean up the mess.
Company Financials (2017, Or Most Recently Completed Fiscal Year)
Revenues ($M) | 977,410 |
Profits ($M) | 221,830 |
Market Value as of 09/18/18 ($M) | 262,479.5 |