Harlem Wells Fargo branch says it's helped hundreds take control of finances through Operation HOPE [CBS News]
Wells Fargo & Company (WFC)
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Source: CBS News
Since it started offering free financial coaching services, the program has seen tangible results bankers hope can be expanded to benefit the entire community. Clients increase credit score and savings, decrease debt "We are incredibly focused on the unbanked and the underserved, and providing financial literacy and financial education, so we can take them from striving to thriving," said Michael Martino, Wells Fargo's Head of Diverse Customer Segments for Consumer, Small and Business Banking. A stone's throw from Striver's Row, the team at Wells Fargo works well alongside Operation HOPE Coach Terry Peña, who has helped more than 500 clients take control of their finances so far. "They can get ready to have their kids go off to college," Martino said. "They can save for their retirement. They can really make their dreams come true." With an average income of just under $50,000 a year, three-quarters of Peña's clients increased their credit score by an average 17 points, and 4
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WFC
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- 7/12/24 - Beat
WFC
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- 9/20/24 - Form 424B2
- 9/19/24 - Form 424B2
- 9/19/24 - Form 424B2
- WFC's page on the SEC website