Closing Bell: Wells Fargo Higher, Fannie and Freddie Decline, Walmart Rises on ChatGPT Partnership
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Matt Miller, Katie Greifeld, Isabelle Lee and Carol Massar. On this episode of Stock Movers: - Wells Fargo (WFC) closed higher, soaring in their biggest gain since Trump's election win. The bank raised a key profitability metric, aiming to achieve return on tangible common equity of 17% to 18% in the medium term. The lender reported net interest income of $11.95 billion in the third quarter, slightly missing analysts' estimates of $12.01 billion. -…
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