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Wells Fargo misses interest income estimates as deposit costs bite, shares slump
StreetInsider· 4 days ago"At this point in the year, we expect that to be in the upper half of that range, or approximately down 8% to 9%," Wells Fargo's finance chief, Michael Santomassimo, told ...
Private credit is growing into a $3.5 trillion industry: Meet 9 execs leading the way
Fortune via Yahoo Finance Canada· 6 hours agoIt was at Goldman, where he ran the direct lending business, that he realized the opportunity...
Fargoans find safety, community in homeless encampment under First Avenue bridge
MPR News· 7 days agoSeveral people have found shelter and community in a tiny tent city under a bustling bridge...
Wells Fargo’s Stock Drops As Net Interest Income Misses Target
Baystreet· 4 days agoShares of Wells Fargo & Co. (WFC) are down 6% after the U.S. bank reported a steep decline in its net interest income for this year’s second quarter. The San Francisco-based ...
Inflation Weighs on Nation’s Largest Banks
New York Times· 4 days agoJPMorgan and Wells Fargo reported that overall deposits dropped. At Citi, losses piled up from credit. Stubborn inflation is taking a toll on the...
Equity traders fuel US bank profits as stock markets rally
Reuters via Yahoo Finance Canada· 3 hours ago(Reuters) -Equity traders rode high in the second quarter, propelling earnings across Wall Street...
Q2 earnings preview: Wells Fargo warns consensus estimates 'are a bit optimistic'
Investing.com via Yahoo Finance Canada· 5 days agoAs the second quarter earnings season kicks off, Wells Fargo analysts caution that consensus expectations may be overly optimistic. The bank states that historically, 65% ...
Why Veterans Make Great Hires
telegraphherald.com· 1 day agoShining a light on how military skills transfer to corporate America is Brian Armstrong, a Marine Corps veteran who now serves as Wells Fargo’s head of...
Wells Fargo Is the Worst Performing Stock in the S&P 500 Friday
Barrons.com· 4 days agoWells Fargo stock was falling as investors digested an update on the bank's net interest income...
On This Day, July 14: Bastille Day attack kills 86 in Nice, France
United Press International via Yahoo Canada News· 2 days agoOn July 14, 2009, within months after repaying bailout money supplied by the U.S. government, New...