Wells Fargo lowers expected earnings hit from regulatory cap on assets

May 10, 2018 admin Business News Comments Off on Wells Fargo lowers expected earnings hit from regulatory cap on assets

BOSTON (Reuters) – Wells Fargo & Co on Thursday said a cap on asset growth imposed by regulators after various sales practices scandals would hurt earnings less that it expected this year, and forecast 2019 expenses below Wall Street expectations.

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Source:: Reuters – Business News