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Wells Fargo Sees NII Drop as Pressure From Depositors Mounts

Wells Fargo Sees NII Drop as Pressure From Depositors Mounts
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

United statesNew yorkCharlie scharfMike santomassimoJpmorgan chase coWells fargoMorgan stanleyDeposit insurance corpBloomberg wells fargo coAmerica corpGoldman sachs group incCitigroup incExecutive officer charlie scharfSan francisco basedFinancial officer mike santomassimoFederal deposit insurance

Wells Fargo s NII drops as pressure from depositors mounts

Wells Fargo s NII drops as pressure from depositors mounts
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesCharlie scharfCiti van zandtMike santomassimoMorgan stanleyWells fargoGoldman sachs groupDeposit insurance corpVan zandtExecutive charlie scharfSan francisco basedFinancial officer mike santomassimoFederal deposit insurance

Wells Fargo Q4 Results: Profit beats estimates; bank warns of lower interest income in 2024

Rising borrowing costs have benefited banks that charged borrowers more on interest, but with market participants expecting rate cuts by the Federal Reserve this year, their interest income could start to erode.

United statesMike santomassimoCharlie scharfWells fargoDeposit insurance corporationFederal reserveExecutive officer charlie scharfFinancial officer mike santomassimoFederal deposit insurance corporationWells fargo q4 earnings updateNet interest incomeCost cutsBorrowing costs

Wells Fargo warns over interest rate cuts despite boost in profits

Wells Fargo topped expectations for the fourth-quarter of the year today but warned that predicted interest rate cuts could dampen profits.

New yorkUnited statesMike santomassimoCharlie scharfJp morganNa wells fargo bankWells fargoCharlie conchieWells fargo bankFinancial officer mike santomassimo

US Banks Brace For Tough Times Even After Quarter s Windfall

US Banks Brace For Tough Times Even After Quarter s Windfall
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Mike santomassimoJeremy barnumMark masonJamie dimonCitigroup incWells fargo coWells fargoWayfair incMacy incJpmorgan chase coWall streetChief executive officer jamie dimonFor citigroupChief financial officer mark masonChief financial officer jeremy barnumDouble cash