Wells Fargo slides 8% after CFO warns more profits will be diverted to loan-loss provisions

Business Insider

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· *Wells Fargo stock slumped as much as 8.3% on Wednesday after the firm's chief financial officer warned it will divert more profits to loan-loss reserves in the second quarter.*
· *Net interest income will slide 11% year-over-year in the second quarter due to historically low rates, CFO John Shrewsberry added at a...

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