Wells Fargo CFO Says Momentum To Build Investment Banking Business Will Continue
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo's CFO has stated that the company will continue to build its investment banking business. This comes as part of the bank's strategy to diversify its revenue streams.
September 12, 2023 | 11:54 am
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Wells Fargo's announcement to continue building its investment banking business could potentially attract more investors, leading to a positive impact on its stock price.
The announcement by Wells Fargo's CFO indicates a strategic move to diversify the bank's revenue streams. This could potentially attract more investors who are looking for diversified investments, leading to an increase in demand for the bank's stock and subsequently, a rise in its stock price.
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