bearish

WFC - Net Interest Income +8% YoY Vs +29% | CRE Non-Accruals +54% QoQ, +4.5x YoY | NIM -17bps in 6M

457 Views15 Oct 2023 23:01
Net interest income is slowing dramatically and could turn negative in 4Q23. NIM pressure is worsening and CRE nonaccrual loans are soaring. Most profit delta QoQ is due to less credit costs QoQ.
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