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Wells Fargo profit rises as higher rates bolster income

Wells Fargo & Co's profit rose in the first quarter as it earned more from interest rate payments, helped by the US Federal Reserve's tighter monetary policy, the lender said today.
Business • 14 Apr 23

US banks get ready for shrinking profits and recession

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking.
Business • 10 Jan 23

Wells Fargo profit falls on higher loan loss reserves

Wells Fargo & Co has today reported a decline in profit for the third quarter as the bank set aside more money in preparation for a hit from a potential economic slowdown.
Business • 14 Oct 22

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