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Wells Fargo is now trying to grow after being held back for 7 years, says an analyst.

OpinionRead the original at Benzinga
Good for WFC

Wells Fargo's sales, net interest income, and cost control improved, and profit beat estimates. A narrower interest margin, higher expenses, and RBC's lower price forecast temper the gains.

WFC · Wells Fargo & Company

AI read · Good for WFC

The AI's read

The end of years of limits gives Wells Fargo more room to grow. Profit, sales, and cost control also improved across its business. The narrower interest margin and higher expenses weigh against that progress, and RBC lowered its price forecast. Still, growth across all 4 business segments and profit above estimates support a favorable reading.

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