Renewable Energy

Wells Fargo sees revenue at low end of guidance

Credit: REUTERS/MIKE BLAKE

Wells Fargo & Co's annual revenue will likely come in at the lower range of its expectations, a bank executive said.

June 12 (Reuters) - Wells Fargo & Co's WFC.N annual revenue will likely come in at the lower range of its expectations, a bank executive said.

Speaking at an investor conference on Wednesday, Treasurer Neal Blinde said the current rate environment was already baked into the bank's guidance of a 2 to 5% decline, but downward pressure on interest rates moves sentiment to the lower end of the range.

(Reporting by Imani Moise Editing by Chizu Nomiyama)

((Imani.Moise@thomsonreuters.com; 646-223-6335;))

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