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Wells Fargo's earning estimate cut at Citi on home equity loan exposure (Sharewatch)
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LONDON (Thomson Financial) - Wells Fargo & Co could come under pressure Wednesday after Citi cut its earnings estimates on the bank because of its exposure to home equity loan losses. |
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More items about Home Equity Loan similar to this News
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LONDON (Thomson Financial) - Wells Fargo & Co could come under pressure Wednesday after Citi cut its earnings estimates on the bank because of its exposure to home equity loan losses. Citi said it was particularly concerned by its home ... |
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LONDON (Thomson Financial) - Wells Fargo & Co could come under pressure Wednesday after Citi cut its earnings estimates on the bank because of its exposure to home equity loan losses. |
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Wells Fargo & Co , the No. 2 U.S. mortgage lender, said on Wednesday fourth-quarter profit fell 38 percent, the first decline in more than six years, as more people missed payments on mortgages and home equity loans. |
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Wells Fargo & Co. posted a steep drop in fourth-quarter earnings after setting aside $1.4 billion in loan-loss reserves for expected future losses in its home equity portfolio. |
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