De winst van Wells Fargo valt 56% in Q3 tot £1,57 miljard. De financiële dienstverlener om zijn jaarlijkse uitgaven met 7,71 miljard pond te verlagen.

Wells Fargo: Stock Remains Disconnected (NYSE:WFC)

04:42pm, Wednesday, 14'th Oct 2020
Wells Fargo generated a large $3.1 billion non-GAAP profit despite low interest rates. The large bank saw the CET1 ratio rise to 11.4%.
Wells Fargo meddelade idag att resultatet för räkenskapsårets tredje kvartal var 56% lägre än förra året. Trots det var det en förbättring jämfört med Q2.
The bank reported a year-over-year decline of 815 advisers, according to its earnings report released Wednesday morning.
La banque américaine voit son bénéfice net chuter de moitié à 2 milliards de dollars au troisième trimestre.
Wells Fargo's stock was down in early morning trading after the bank reported disappointing third-quarter earnings.
Wells Fargo & Co. profit slumped 56 per cent as Chief Executive Officer Charlie Scharf took charges to address old scandals and begin his job-cutting push.
Wells Fargo’s profit tanks 56% in the fiscal third quarter to £1.57 billion. The U.S. bank sets aside £578.78 million to cover for loan losses in Q3.
Interest income was down because interest rates are falling. The housing market, however, remains strong.
Wells Fargo says it earned $2 billion in the third quarter, less than half of what it made in the same period last year but a significant improvement from this year’s second quarter, when it posted
The San Francisco-based bank takes customer remediation and restructuring charges to address its old consumer banking scandal.

Wells Fargo posts profit as pandemic hit eases

12:41pm, Wednesday, 14'th Oct 2020
Wells Fargo & Co. said Wednesday that its third-quarter profit fell 56%. The San Francisco-based lender said it made $2.04 billion in the third quarter, down...
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