Wells Fargo Pins Decline in Net Interest Income on Lower Rates
Wells Fargo said fourth-quarter net interest income, a key metric for banks, fell 7% to $11.8 billion in the quarter from $12.8 billion for the same period last year. The bank said net interest income declined due to the impact of lower rates on floating rate assets and lower loan balances.
Wells Fargo's profit climbed in the fourth quarter, buoyed by stronger investment banking earnings, it said on Wednesday.
JPMorgan Chase on Wednesday reported fourth-quarter net interest income of $23.5 billion, down 3% from a year ago. That just ...
Bank of New York Mellon (NYSE:BK) shares jumped 6.5% in Wednesday morning trading after delivering stronger-than-expected Q4 ...
The Treasurer’s Office did not properly move the interest earnings to CT’s General Fund until a few weeks ago, Lamont’s ...
JPMorgan Chase said its fourth-quarter net interest income dropped by 3% of $23.35 billion. The consolidated bank's interest rate spread narrowed to 1.95% in the fourth quarter from 2.03% a year ...
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Wells Fargo (WFC) reported that its fourth quarter earnings per share increased 11% from a year ago. Net interest income decreased ...
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