Wells Fargo is Falling After Provisioning Higher Loan Losses, But the Stock is Still a Buy: 3 Reasons Why

By |2024-01-12T17:21:55+00:00January 12th, 2024|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , , |

Wells Fargo (WFC) reported 4th quarter results this Friday morning that sent the share price slightly lower, as there is concern regarding a big jump in credit loss provisions.  The California-based bank bolstered its reserves by 34%, specifically increasing the allowances for credit losses in credit card and commercial real estate loans. This was [...]