Wells Fargo says in­ter­est in­come to miss es­ti­mates

The Daily Telegraph - Business - - Business -

Wells Fargo boss Tim Sloan has warned in­vestors that the firm’s net in­ter­est in­come would be less than an­a­lysts are pre­dict­ing. Fourth-quar­ter NII will be flat com­pared with the pre­vi­ous three months, when the bank col­lected $12.6bn (£9.9bn) in in­ter­est, the chief ex­ec­u­tive said at an in­vestor con­fer­ence.

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