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'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 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.
devdiscourse13h
Wells Fargo's Surpassing Profit: A Sign of Optimism in Banking Industry
Wells Fargo reported a better-than-expected profit for the fourth quarter, driven by increased dealmaking and a forecast for higher interest earnings. Despite a fall in net interest income, the bank ...
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 ...