Wells Fargo First Quarterly Loss Since Great Recession #infographic

Wells Fargo First Quarterly Loss Since Great Recession #infographic

Wells Fargo released a disappointing earnings report on Tuesday that fell well behind expectations by many analysts, even with the factored in COVID-19. Overall, after April's first quarter report the company posted a net loss of over $2.4bn. That accounts for a loss of 66 per cent per share, smashing predictions that expected just a loss of 20 per cent per share. Wells Fargo 's stock has also plummeted by more than 20 per cent after last earnings.

Also Read: Why Anti-Money Laundering Should Be a Top Priority for Financial Institutions.

Wells Fargo First Quarterly Loss Since Great Recession #infographic

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Wells Fargo First Quarterly Loss Since Great Recession #infographic Wells Fargo First Quarterly Loss Since Great Recession #infographic Reviewed by Younglistan.com on July 15, 2020 Rating: 5

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