The plans for the closures could change with consumer demand, Wells said. IBD'S TAKE: Banks are among the few stocks in the S&P 500 to benefit from the Federal Reserve's signaling that a more aggressive approach to raising rates could come this year. Since the scandal emerged, Wells has announced pay increases for low-paid staff and overhauled its compensation program for bank-branch sales reps to eliminate product sales goals and focus more on team efforts and customer service. The company said Friday that it was too early to tell how the scandal has ultimately affected profits derived from its primary customers. New account openings and credit card applications have plunged since news of the bank's sales practices surfaced. An outside review of the bank's sales practices could take up much of the year, management said on the call. Shares were up 1.5% to 55.31 on the stock market today. JPMorgan ( JPM ) climbed 0.5% and Bank of America ( BAC ), which also reported earnings today, rose 0.4%.