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Wells Fargo's (WFC) Still an Attractive Investment Opportunity for Evercore; 'Buy' Rating Affirmed

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Independent Directors of Wells Fargo Conducting Investigation of Retail Banking Sales Practices and Related Matters

September 27, 2016 6:57 PM EDT

Independent Directors Have Retained Shearman & Sterling to Assist in the Investigation

John Stumpf to Forfeit Unvested Equity Awards Valued at Approximately $41 Million; Will Forgo Salary During Investigation

Carrie Tolstedt Has Left the Company; Will Receive No Severance; Has Forfeited Unvested Equity Awards Valued at Approximately $19 Million; Will Not Exercise Outstanding Options During Investigation

Neither Executive Will Receive a Bonus for 2016

NEW YORK--(BUSINESS WIRE)-- The Independent Directors of the Board of Directors of Wells Fargo & Company (NYSE:... More