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From Meme Stock to Winner? Bed, Bath and Beyond Raises Sales Expectations
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Bed, Bath & Beyond Shares Rip Higher After Q1 Earnings: What Do Analysts Think?
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WATCH LIVE: CBS 58 Congratulates the Class of 2021 Primetime Special ðŸŽ
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Three Hot Homebuilder Stocks
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Recovering U.S. Economy Boosts Wells Fargo To $4.7B In 1Q Profit
Winston-Salem Journal (NC)
Wells Fargo & Co. benefited from an improving U.S. economy - particularly more customers being able to pay their bills on time during the pandemic - in posting Wednesday $4.74 billion in first-quarter net income.
By comparison, Wells Fargo had just $653 million in net income for the first quarter of 2020. That quarter included the first two weeks of the economic impact of the COVID-19 pandemic.
A loan-loss provision has a direct impact on a bank s bottom lines because it is setting aside money for individual customer and business loans that it projects won t be repaid as scheduled.