Wells Fargo: It Might Be Time To Take Another Look
Wells Fargo: It Might Be Time To Take Another Look 3WFC missed the Street’s expectations for EPS by a wide margin. Revenues received a double-blow from shrinking margins, as well as the Fed-imposed balance sheet cap. Cost management remained another pain point. The adjusted cost base of $53.7 for the full year 2019 was higher than the management target of $52-53 billion. We find no reason to buy …
News story posted on 2020-01-17T20:41:00.0000000Z