28056
Wells Fargo’s Earnings Up
World Economy

Wells Fargo’s Earnings Up

Wells Fargo reported a slight gain in third-quarter earnings on Wednesday, helped by an increase in borrowing from consumers and businesses, ABC reported. The San Francisco-based bank earned $5.44 billion after payments to preferred shareholders, or $1.05 a share, for the three-month period ending in September. That compares with a $5.41 billion, or $1.02 a share, in the same period a year earlier. Wells Fargo reported loan growth across all of its major businesses, from commercial and industrial loans to residential mortgages. Wells is often seen as a bellwether for the housing market because it is the largest mortgage lender in the US The bank originated $55 billion in mortgages in the last quarter.

 

Short URL : https://goo.gl/JpaFQy
  1. https://goo.gl/hhhGPM
  • https://goo.gl/W1SLd1
  • https://goo.gl/1lFqh3
  • https://goo.gl/fRwbQ9
  • https://goo.gl/eFQiDl

You can also read ...

Automation is eroding jobs.
As workers struggle with the uneven fruits of globalization...
Danish CCI Falls
Denmark’s consumer confidence weakened for the third straight...
Gold Hits Two-Week Low
Gold hit its lowest in over two weeks on Monday, as the dollar...
Kobe Steel Faces Key Debt Test
As Kobe Steel Ltd becomes increasingly embroiled in a data...
Taiwan Jobless Rate Down
The unemployment rate for Taiwan in September moved lower as...
The GDP growth rate would hover around 3% a year.
World Bank’s projection for Kazahstan’s 2017 growth has been...
Brazil Watchdog to Reject Oi Plan
Brazil’s telecoms regulator Anatel on Monday is set to reject...
Pedestrians are reflected on a window displaying share prices of the Tokyo Stock Exchange in Tokyo on October 23, 2017.
Asian stocks ended broadly higher on Monday after the US...

Trending

Googleplus