Wells Fargo analysts have expressed optimism about the recent decision by OPEC+ to extend its production cuts through the end of 2024, citing it as a positive signal for oil prices. The move, in response …
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Trump’s Return Could Boost US Rail Stocks: Wells Fargo
Wells Fargo analysts believe a potential return of former President Donald Trump to the White House could significantly benefit US rail stocks. The bank highlights that Trump’s economic and trade policies, which previously fueled transportation …
Continue readingWells Fargo Misses Interest Income Estimates as Deposit Costs Rise, Shares Plunge
Wells Fargo’s second-quarter earnings report revealed a mixed bag of results. While the bank exceeded profit expectations, it fell short of analysts’ estimates for interest income due to rising deposit costs. Net interest income (NII), …
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