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Wells Fargo does well after lower overall costs

WorldNews Tuesday, 16 July 2019
Wells Fargo does well after lower overall costsNew YorkWells Fargo reported higher quarterly profit on Tuesday despite flat revenue, as the bank benefited from lower costs. Revenue fell at Wells’s community bank and wholesale bank as net interest income was squeezed by lower interest rates and higher deposit costs. But profit in those segments jumped 26% and 6%, respectively, due to lower overall costs. Total expenses...
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Wells Fargo posts higher profit on cost controls, rise in loans

Wells Fargo & Co reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from lower costs.
Reuters

Wells Fargo NII falls on higher deposit costs, lower rate environment


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