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Why Wells Fargo Is Struggling to Expand Loan Book

Robert Karr
Why Wells Fargo Is Struggling to Expand Loan Book

Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover? Other bankers (XLF) like JPMorgan (JPM) and Bank of America (BAC) have registered strong growth in credit offtake through commercial and consumer lending. Rising rates have also impacted the real estate market, resulting in lower mortgage banking revenues for Wells Fargo.