Wells Fargo shares are trading higher after CFO Mike Santomassimo said consumers and commercial clients are doing well and overall deposits are performing well.
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo shares rise as CFO Mike Santomassimo reports positive performance in consumer and commercial sectors, with strong overall deposits.
September 10, 2024 | 12:21 pm
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Wells Fargo shares are trading higher following positive remarks from CFO Mike Santomassimo about the bank's consumer and commercial client performance and strong deposit levels.
The positive comments from the CFO about the bank's performance in key areas such as consumer and commercial sectors, as well as strong deposit levels, are likely to boost investor confidence, leading to a short-term increase in stock price.
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