Oil and gas losses increase Wells Fargo charge-offs

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Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

15 Jul, 2016 | 08:50

Author Nicole De Dios
Theme Banking

on July 15reported net income applicable to common stock of $5.17 billion or$1.01 per share. In the year-ago period, it was $5.36 billion, or $1.03 pershare.

TheS&P Capital IQ consensus normalized EPS estimate for the recent quarter was$1.01.

Wells noted its charge-offs totaled $924 million, up $274million from a year ago due to higher oil and gas loan losses.

Author
Nicole De Dios
Theme
Banking

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Oil and gas losses increase Wells Fargo charge-offs