ABU DHABI / AD MEDIA OFFICE The Sheikh Zayed Book Award (SZBA), organised by the ...
Read More »Wells Fargo misses estimates as rate hikes hit mortgage unit
Bloomberg Wells Fargo & Co. missed analysts’ earnings estimates as the Federal Reserve’s rate hikes started to cool the once-hot housing market, hurting the company’s mortgage-lendingbusiness. Mortgage-banking income falls 79% to $287 million in the quarter, according to a statement. That missed analysts’ $392.4 million estimate and helped bring second-quarter net income down to $3.12 billion, below the $3.19 ...
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