Wells Fargo Stock Dips Amid Consumer Lending Concerns
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Wells Fargo (NYSE:WFC) shares slipped in Tuesday afternoon trading as the bank signaled weak growth prospects in consumer lending—a Core revenue driver. CFO Mike Santomassimo projected "potentially even a net decline" for personal loans, though commercial lending remains uncertain amid tariff-related complexities.
Dealmaking operations offered a silver lining, with Santomassimo noting incremental share growth in transactions Wells Fargo previously wouldn''t have accessed. Yet the broader slowdown in mergers and acquisitions limits upside potential.
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