Wells Fargo CFO Says Still Expects Deposits To Go Down During The Year
Portfolio Pulse from Bill Haddad
Wells Fargo's CFO has stated that the bank expects its deposits to decrease over the course of the year.
September 12, 2023 | 11:41 am
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NEGATIVE IMPACT
Wells Fargo's CFO expects the bank's deposits to decrease during the year, which could negatively impact its revenues and financial stability.
A decrease in deposits can lead to a decrease in the bank's lending capacity, which can negatively impact its revenues. This news is directly related to Wells Fargo and is of high importance to its investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100