Wells Fargo CFO: "Not really seeing robust loan growth come through" in Q2

Bank of America joined JPMorgan (if not Wells Fargo) in reporting Q2 earnings that beat on the top and bottom line, reporting Q2 Net Income of $6.8 BN, up 33% .....»»

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Wells Fargo & Co expects its net interest income, a key measure of bank profitability, to be up or down 2 percent for the year in 2019, depending on deposit pricing and loan growth......»»

Most banks talk about all they're doing for customers. Wells Fargo's CEO talks a.....»»

A bank based in Berks County with just $18 billion in assets churned out more PPP loans than Chase, Wells Fargo or Bank of America......»»

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Wells Fargo & Co. posted stronger-than-expected profit and revenue for the first quarter, boosted by the release of $1.6 billion in its reserv.....»»

Beauty company Estée Lauder Companies Inc (NYSE: EL) offers investors a compelling and underappreciated growth story, according to Wells Fa.....»»

Consumer spending growth in the second half could be the strongest in 70 years......»»

Consumer spending growth in the second half could be the strongest in 70 years......»»

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Wells Fargo stock climbed after a Bloomberg report the lender is moving closer to the Fed taking away an asset cap that has hurt the lender's growth. A Wells Fargo ATM machine sits in Los Angeles. Reuters Wells Fargo stock hit a high.....»»

Wells Fargo announced equity investments in six African American Minority Depository Institutions as part of its $50 million commitment last year to support economic growth in Black communities. .....»»

Wells Fargo & Co (NYSE: WFC) seems poised to benefit from the estimated 19% growth in the Federal Reserve’s balance sheet in 2021, which is driving deposit growth in the banking sector, according to BofA Securities. Latest .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

San Francisco banking giant Wells Fargo & Co. has sold off its $10 billion private student loan portfolio as it looks to shed costs amid a directive under CEO Charlie Scharf to cut billions of dollars in expenses and retrench the lender into its .....»»

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Wells Fargo & Co. s.....»»

The bank is building up its loan loss reserves to weather harsh economic conditionsRelated Stocks: WFC,.....»»