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Wells Fargo profit falls as bank boosts loan loss reserves; shares rise

Por: CNBC Business October 14, 2022

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In this articlePedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022.Victor J. Blue Bloomberg Getty Images said Friday that it is still seeing historically low loan delinquencies, but it made a decision to build up reserves as the economy slows, cutting into its third-quarter profits.Wells Fargo shares were up more than 1% in premarket trading, as its results topped expectations.Here's how the bank did... + full article



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