Tag: Wells Fargo

Big Bank Earnings are out, while Mainstream Media (Fake News) Provides Damage Control

Oct 14, 2022

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by

Aaron

in Economy

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%…
Wells Unexpectedly Shuts All Existing Personal Lines Of Credit, Hinting US Economy On The Edge

Jul 9, 2021

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by

Aaron

in Economy

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…