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Wells Fargo Profit Down as Loan Provisions Soar

April 14, 2016 By Troi Freelan Leave a Comment

Wells Fargo Profit Down as Loan Provisions Soar

Wells Fargo & Co profit for the quarter was down 7% as the third largest U.S. bank in terms of assets had to set aside over $1 billion to cover its bad loans. The San Francisco-based lender said its energy industry portfolio was under substantial stress due to the plunge in oil prices. Shares at […]

Filed Under: Business Tagged With: Wells Fargo, Wells Fargo Earnings

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