Wells Fargo's CFO Says We Are Likely To See Some Losses In Commercial Real Estate Portfolio
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo's CFO spoke at the Morgan Stanley US Financials, Payments & CRE Conference, stating that the bank is likely to see some losses in its commercial real estate portfolio.
June 13, 2023 | 12:28 pm
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Wells Fargo's CFO warns of potential losses in the bank's commercial real estate portfolio, which may negatively impact its stock price.
The CFO's statement about potential losses in Wells Fargo's commercial real estate portfolio indicates increased risk for the bank. This news may cause investors to be more cautious, leading to a negative impact on the stock price in the short term.
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