Tag: Wells Fargo
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Big Bank Earnings are out, while Mainstream Media (Fake News) Provides Damage Control
Big Bank Earnings are out and the media is trying to put a pretty ribbon on the horrid results! In Sum YTD these banks are down: Wells Fargo – 15.5% Morgan Stanley – 22% CitiGroup – 32.4% PNC – 27.1% The winner of the Biggest Drop in this report (https://www.investors.com/news/bank-earnings-jpmorgan-wells-fargo-morgan-stanley-citi-pnc-set-to-report/) is: JPMorgan Chase – 34.6%…
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Wells Unexpectedly Shuts All Existing Personal Lines Of Credit, Hinting US Economy On The Edge
Wells Fargo just announced that it’s shutting down all of its existing personal lines of credit – a popular product offered by the retail-focused Wall Street giant – a move that will likely infuriate legions of customers. The revolving credit lines, which will be shut down in the coming weeks, typically allow users borrow $3K…