Wells Fargo continues to expect future reserve releases Chief Risk Officer Mike Loughlin said, “Credit performance was strong in the first quarter as losses remained at historically low levels, nonperforming assets continued to decrease and we continued to originate high quality loans...We continue to expect future reserve releases absent a significant deterioration in the economic environment.”
News For WFC From The Last 14 Days
Check below for free stories on WFC the last two weeks.
Wells Fargo downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Wells Fargo to Neutral citing the company's higher expenses in Q2 and the year-to-date outperformance of shares. The firm lowered its price target for the stock to $52 from $54.50.