Wells Fargo misses guidance post-earnings due to interest rate uncertainty.

From CNBC: 2024-07-12 15:06:01

Wells Fargo experiences a guidance miss due to bank interest income estimates relying on interest rates. The bank has no control over interest rates, impacting its financial results. Wells Fargo’s guidance could fluctuate depending on the unpredictability of interest rates in the future.



Read more at CNBC:: We are upgrading our rating on Wells Fargo as investors dump stock post-earnings