Wells Fargo’s cost cuts fuel profit rise, but deposits fall

Wells Fargo’s cost cuts fuel profit rise, but deposits fall

Wells Fargo shares fell on Friday after the bank dialed back its net interest income outlook for this year and reported a decline in total quarterly revenue. The lowered outlook comes at a time of uncertainty for the lender following the abrupt departure of former CEO Tim Sloan last month. Wells Fargo expects net interest income to fall 2 per cent to 5 per cent this year.

KCooper
KCooper
Miles O'Brien
Miles O'Brien 1 year

LOL! American justice! The real crooks and thieves make disgusting profits a the expense of the same customers they continue to rob and cheat while some kid selling a joint gets 20 years in prison. Congress doesn't even slap their hands. No federal judicial entity brings charges against them. Multimillion dollar bonuses. Disgusting.

LCmcpherson
LCmcpherson 1 year

Good ty God

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