Wells Fargo earnings to highlight consumer lending, commercial real estate

  • 📰 startelegram
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Wells Fargo earnings are likely to focus on the costs tied to refilling the FDIC's insurance fund, as well as its exposure to commercial real estate and consumer lending.

shares slipped lower in pre-market trading heading into the bank's third quarter earnings report prior to Friday's opening bell.

The bank's profits will also be hit by the payment of $1.8 billion to the Federal Deposit Insurance Corporation in August as it helped replenish the government's deposit insurance fund, which was drained of around $16 billion following the collapse of Silicon Valley Bank and Signature Bank and the sale of First Republic.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 248. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Are High Rates Taking a Toll on Consumers? Bank Earnings Will Provide a ClueJPMorgan, Wells Fargo and Citigroup are set to kick off third-quarter bank results Friday
La source: WSJ - 🏆 98. / 63 Lire la suite »

Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loansHigher rates are expected to lead to a jump in losses on banks’ bond portfolios and contribute to funding pressures.
La source: nbcsandiego - 🏆 524. / 51 Lire la suite »

Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loansHigher rates are expected to lead to a jump in losses on banks’ bond portfolios and contribute to funding pressures.
La source: nbcchicago - 🏆 545. / 51 Lire la suite »

JPMorgan, Wells Fargo, Activision, Dollar General, Smart Global, and More Market MoversJPMorgan Chase, Wells Fargo, and Citigroup are scheduled to report quarterly earnings Friday, Microsoft's $75 billion acquisition of Activision Blizzard is...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Wells Fargo's stock up 2% as third-quarter earnings top estimates by a wide marginBank beats profit and revenue estimates in latest quarter
La source: MarketWatch - 🏆 3. / 97 Lire la suite »