Wells
The
The current quarter's results included
Analysts polled by FactSet predicted a profit of
Wells is still under growth restrictions by regulators after years of missteps, beginning in 2016 with the uncovering of millions of fake checking accounts its employees opened to meet sales quotas. In 2018 the
Last year
“Wells Fargo is a wonderful and important franchise that has made some serious mistakes, and my mandate is to make the fundamental changes necessary to regain the full trust and respect of all stakeholders,” Scharf said in a statement on Tuesday.
Net interest income declined from the third quarter to
The biggest
Shares fell 3.5% before the market open.
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