Wells Fargo's New Profit Target: Catching Up to Rivals

Wells Fargo aims to join Wall Street's elite with a bold new profitability target, signaling a major comeback after emerging from regulatory constraints. Despite slightly missing net interest income expectations, the bank is betting big on investment banking and wealth management to boost shareholder earnings and catch up with rivals like JPMorgan Chase. Is this the start of a new era for the banking giant?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.