Wells Fargo Blasted On Social Media Following Fraud Settlement

The latest data from TickerTags indicates that Wells Fargo & Co WFC 1.28%’s reputation has taken quite a hit on social media in the wake of its fraud settlement.

Wells Fargo recently agreed to a $185 million fraud settlement with the Consumer Financial Protection Bureau (CFPB), the Office of the Comptroller of the Currency (OCC) and the city of Los Angeles related to opening unauthorized customer accounts and charging customers unjustified fees to meet sales quotas.

TickerTags monitors social media sites to identify trends by searching for words and phrases that appear together in social media content, such as tweets.

Overnight, social media sentiment toward Wells Fargo switched from a daily average of 24 percent positive and 31 percent negative to only 3 percent positive and 74 percent negative. These statistics confirm…

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