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Wells Fargo 2Q Net Interest Income Misses Estimates
Wells Fargo & Co. posted $11.7 billion in net interest income in the second quarter, falling just short of analysts’ estimates of $11.8 billion. That prompted Wells Fargo to lower its full-year NII growth target to little changed from last year,
Wells Fargo reported earnings per share of $1.60 on total revenue of roughly $20.8 billion. EPS beat FactSet estimates easily, while revenue came in slightly higher than estimates.
By Nupur Anand, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -Large U.S. banks expressed optimism about the investment banking outlook for the rest of the year after dealmaking rebounded in the ...
On June 4, Wells Fargo analyst Jason Haas reaffirmed his Buy rating on Moody’s Corporation (NYSE:MCO) with a price target of $572. He sees structural changes in the credit market as a long-term ...
This has been a demanding place to work,” Wells Fargo CEO Charlie Scharf said in discussing higher compensation for the bank's workers.
Shares of the San Francisco, California-based bank fell 2.7% in premarket trading. Last month, the U.S. Federal Reserve ...
(Reuters) - Moody’s on Monday downgraded the long-term ratings of top American lenders such as JPMorgan Chase (NYSE: JPM), Bank of America and Wells Fargo, after pushing the U.S. out of top ...
Moody's Ratings on Monday downgraded the deposit ratings at some units of megabanks JPMorgan Chase (JPM), Wells Fargo (WFC) and Bank of America (BAC), owing to the bond grader's recent cut to ...
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