Relevant:
- Wells Fargo profit falls after sales scandal
- Wells Fargo Profit Falls as Energy Loans Sour, Costs Climb (AND ZIRP HURTS)
- Wells Fargo CEO rebuffs Elizabeth Warren's calls for his firing
- Wells Fargo charge boosts fourth quarter loss
- Wells Fargo Earnings Miss on Mortgage Rate Rise, Ending 17-Quarter Run
2012-09-11 — reuters.com
``In the second quarter, Wells, the fourth largest U.S. bank, reported a net interest margin of 3.91 percent, unchanged from the previous quarter. Sloan attributed the estimated decline to lower variable income than in the previous quarter, the running off of higher yielding loans and securities, and strong deposit inflows.
Wells executives in July had said the bank's net interest margin would remain under pressure. Sloan, as he has said in the past, said the bank does not focus on managing its margin, concentrating instead on increasing earnings.''
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