Says credit performance continued to improve and remained strong in Q2. Says has capacity to continue to purchase shares. Says debit card spending ‘remains strong’. Says mortgage market ‘continued to be weak’ compared with historical levels.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFC:
- Wells Fargo says continues to see ‘good momentum’ from Wells Fargo Premier
- Morning Movers: Wells Fargo falls following second quarter results
- Video: Nvidia, AMD jump as shipments to China expected to resume
- WFC Earnings: Wells Fargo Stock Falls as Net Interest Income Misses Expectations
- Wells Fargo sees FY25 net interest income ‘roughly in line’ with FY24