Wells Fargo's commercial banking revenue down 6%
Wells Fargo's commercial banking revenue fell 6% to $3.171 billion in the fourth quarter, as middle-market banking was down 2% and asset-based lending and leasing was down 12%. Average loans fell 1% ...
Wells Fargo Pins Decline in Net Interest Income on Lower Rates
Wells Fargo said fourth-quarter net interest income, a key metric for banks, fell 7% to $11.8 billion in the quarter from $12 ...
Wells Fargo starting to generate growth in consumer and business banking unit
CEO Charlie Scharf says Wells is starting to generate growth in the consumer and business banking unit after years of little to no growth.
devdiscourse15h
Wells Fargo's Optimistic Surge: Banking on Future Growth
Wells Fargo's profits exceeded expectations due to a rebound in dealmaking. The bank forecasts growth in interest income by 2025, driven by lower deposit costs and recovering loan demand. CEO Charlie ...
Wells Fargo Taps JPMorgan Executive to Lead Its Credit-Card Business
Wells Fargo WFC -0.03% has hired JPMorgan JPM -0.02% Chase executive Ed Olebe to lead its credit-card business, people ...