Wells Fargo wholesale banking income stutters
Wells Fargo finished 2014 slightly up on 2013 with a pre-tax pre-provision profit of $35.3bn, up 1% for the full year. But its wholesale banking unit, which includes its capital markets arm, reported net income of $1.97bn, down $141m, or 7% compared to the fourth quarter of 2013.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts