Thread regarding Wells Fargo & Co. layoffs

Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting

Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year.

https://www.cnbc.com/2024/01/12/wells-fargo-wfc-earnings-4q-2023.html

by Anonymous
| 1095 views | | 2 replies (last January 16, 2024) | Reply
Post ID: @OP+1qydJ13i
Comment! It's anonymous!

2 replies (most recent on top)

you missed the most important part. nearly 1 billion severance expenses reserved for planed actions

by Anonymous
| | Reply
Post ID: @3vkj+1qydJ13i

"helped by cost cutting" - of course that's the only way WFC can increase profits. No surprises there.

by Anonymous
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Post ID: @2egn+1qydJ13i

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