Wells Fargo earnings to highlight consumer lending, commercial real estate

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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.

 

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