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Wells Fargo says 2019 net interest income to fall 6%

Credit: REUTERS/MIKE BLAKE

Wells Fargo said on Monday it expects full year 2019 net interest income to fall 6% from a year earlier due to lower interest rates, a flatter yield curve and asset sales.

Sept 9 (Reuters) - Wells Fargo WFC.N said on Monday it expects full year 2019 net interest income to fall 6% from a year earlier due to lower interest rates, a flatter yield curve and asset sales.

The fourth largest U.S. lender said it also expects net interest income in the second half to be down by about $1.8 billion from first half. (https://bit.ly/2k2RwMy)

(Reporting by C Nivedita in Bengaluru; Editing by Arun Koyyur)

((C.Nivedita@thomsonreuters.com; within the U.S. +1 646 223 8780, outside the U.S. +91 80 6749 9246;))

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