RE: Citi Bank up 14%16 Jul 2022 08:54
Suff
Wells Fargo share price is down almost 20% this year in line with the rest of the US Banking Index.
Profits actually fell as the Bank sets aside funds for loan impairments, second Q2 mortgage revenue fell almost 50% from Q1 as sharply higher interest rates curtailed purchase and refinance activity, despite more jobs being added to US economy recently, it is still teetering on the edge of a recession.
Enjoy your day.