Wells Fargo & Co reported a quarterly profit on Friday that beat Wall Street estimates, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the COVID-19 pandemic.
Indonesia's soon-to-be launched sovereign wealth fund (SWF) is targeting $20 billion in investment in the next few months, President Joko Widodo said, a larger sum than previously announced after positive responses from several firms.
Wells Fargo & Co posted a small rise in quarterly profit on Friday that beat Wall Street estimates, as stabilizing credit costs helped buffer historic near-zero interest rates meant to prop up the ailing economy during the COVID-19 pandemic.
Wells Fargo & Co reported a quarterly profit on Friday that beat Wall Street estimates, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the COVID-19 pandemic.