Wells Fargo says 2019 net interest income to fall 6%

Credit: REUTERS/MIKE BLAKE

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;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.