Can Wells Fargo's (WFC) Q4 Earnings Brave Mortgage Weakness?
Zacks Investment Research | Jan 11, 2019 07:07AM ET
Wells Fargo (NYSE:WFC) is scheduled to report fourth quarter and 2018 earnings, before the opening bell on Jan 15.
Troubles kept mounting for the bank since the revelation of the sales scandal in 2016, which was followed by disclosure of issues in its auto insurance business, online bill pay services, wholesale banking unit and the Wealth and Investment Management segment. With the ongoing review process of business practices, more wrongdoings may be reported, consequently straining the top line.
However, during the to-be-reported quarter, Wells Fargo was able to enter into an agreement with attorneys general from about 50 states to settle the fake account scandal in which the firm's employees opened accounts for customers without their knowledge.
Here are the other factors influencing Wells Fargo’s fourth-quarter results:
Soft Loan Growth: Per the Fed’s latest Zacks Investment Research
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