Wells Fargo CFO Says Given We Are Modestly Asset Sensitive, We Expect Q4 Net Interest Income, Excluding Markets, To Benefit From The Higher Interest Rate Environment
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Why It Matters
Wells Fargo expects to make more money from interest rates in Q4. When interest rates stay high, banks earn more from loans they give out.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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