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Wells Fargo CFO says there will be stress as economy slows

14 Tháng Chín 2022
Wells Fargo CFO says there will be stress as economy slows © Reuters. FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith
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NEW YORK (Reuters) - Wells Fargo (NYSE:WFC) & Co is seeing loan growth moderating after strong growth so far this year and witnessing downward pressure on mortgage revenue as consumers feel the effect of higher interest rates, its chief financial officer said on Tuesday.

"There will be stress right as the economy slows. So that's going to come in terms of some of these portfolios, it's just so far it is weathering quite well," said Mike Santomassimo at the Barclays (LON:BARC) investor conference.

Hopes of a landing soft enough to avoid recession is waning as the US central bank remains steadfast in its decision to keep raising rates until data shows a pullback in consumer prices.

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29-09-2022 22:30:44 (UTC+7)

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    EUR/USD 0.9772 Neutral  
    GBP/USD 1.1026 Sell  
    USD/JPY 144.49 ↑ Sell  
    AUD/USD 0.6482 Sell  
    USD/CAD 1.3711 ↑ Buy  
    EUR/JPY 141.24 Neutral  
    EUR/CHF 0.9575 ↑ Buy  
    Gold 1,665.70 Neutral  
    Silver 18.707 Sell  
    Copper 3.4120 ↑ Buy  
    Crude Oil WTI 81.80 Neutral  
    Brent Oil 87.45 Neutral  
    Natural Gas 6.746 ↑ Buy  
    US Coffee C 226.18 ↑ Sell  
    Euro Stoxx 50 3,273.55 Sell  
    S&P 500 3,638.50 ↑ Sell  
    DAX 11,961.98 Sell  
    FTSE 100 6,865.80 Sell  
    Hang Seng 17,165.87 ↑ Buy  
    Small Cap 2000 1,665.00 Neutral  
    IBEX 35 7,293.76 Neutral  
    BASF 38.733 Neutral  
    Bayer 47.61 Neutral  
    Allianz 159.32 Neutral  
    Adidas 124.08 ↑ Sell  
    Lufthansa 5.824 Sell  
    Siemens AG 98.03 Neutral  
    Deutsche Bank AG 7.580 Sell  
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# So hôm qua # Chênh TG
SJC Eximbank6,450/ 6,550
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Cập nhật lúc 17:59:34 29/09/2022
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