Rising Commercial Loans At Wells Fargo Augur Well For The EconomyVW Staff
Second quarter earnings per share of $1.01 at Wells Fargo & Co (NYSE:WFC) were in line with market consensus and a whisker ahead of the $1.00 estimated by Credit Suisse analysts Moshe Orenbuch, Jill Glaser Shea and Lesley Robertshaw.
“Net interest income was slightly higher than our forecasts given less NIM pressure than expected (down 5 bps in the quarter) and better growth in earning assets . . .
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