The penalties add to nearly $2 billion in record-keeping fines last year for the improper policing of employee communications on private messaging services.
Reports of a processing error began to surface on Thursday and continued through Friday. Wells Fargo said on Saturday that the issue had been resolved.
The bank's economists said that given recent data, they now see a so-called soft landing. The Fed's staff has backed away from a recession forecast as well.
Both Microsoft and Alphabet report better-than-expected earnings and highlight their investments in artificial intelligence, free cash flow at AT&T beats.