Wells Fargo Beats Profit Estimates Though Struggles on Expen

Wells Fargo Beats Profit Estimates Though Struggles on Expenses


Wells Fargo beats profit estimates though struggles on expenses
Hannah Levitt and Kevin Orland, Bloomberg News
McCreath: 40% of S&P earnings per share growth due to U.S. banks
VIDEO SIGN OUT
Wells Fargo & Co. posted profit that topped analysts’ estimates, though the lender still struggled to rein in expenses, providing another reminder of the bank’s long road to getting costs under control.
Net income rose to US$4.74 billion, boosted by a larger-than-expected release of loan-loss reserves, the San Francisco-based company said Wednesday. Non-interest expenses were US$14 billion, up from a year earlier and a touch higher than analysts forecast, while net interest income was lower than expected.

Related Keywords

New York , United States , Charlie Scharf , Bloomberg , Bloomberg Wells Fargo Co , Wells Fargo , Executive Officer Charlie Scharf , Federal Reserve Imposed , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , சார்லி ஸ்கார்ஃப் , ப்ளூம்பெர்க் , ப்ளூம்பெர்க் கிணறுகள் ஃபார்கோ இணை , கிணறுகள் ஃபார்கோ , நிர்வாகி அதிகாரி சார்லி ஸ்கார்ஃப் ,

© 2025 Vimarsana