WELLS FARGO: We're seeing slower lending in autos and commercial real estate (WFC)

wells fargoJustin Sullivan/Getty Images

Sept 12 (Reuters) - Wells Fargo & Co third quarter lending will be slowed by reduced lending in autos, commercial real estate and the runoff of its junior lien mortgage portfolio, according to a company presentation Tuesday.

The third largest U.S. bank said those declines would be partially offset by increased non-conforming residential first mortgage lending. (Reporting by Dan Freed in New York)

NOW WATCH: 6 details you might have missed on season 7 episode 6 of 'Game of Thrones'

No comments:

Powered by Blogger.