Tumbles as Revenues Plunge, Nim Hits Record Low, Warns on Payment Deferrals, Wells Fargo Has Been in Numerous Corruption Scandal, and Who’s Going to Pay the Price, the Working Man and Woman, Get Out of That Bank Why You Can… If there is one constant during earnings season, it is that no matter what the other banks do, Wells Fargo will always shit the bed, and this time was no different, with the stock sliding after reporting that Q3 earnings missed again as its Net Interest Margin dropped to a fresh all time low, while issuing an ominous warning that customer payment deferrals in the wake of the pandemic may delay the recognition of net charge-offs and delinquencies. Wells reported Q3 EPS of just $0.42, down more than 50% from the 0.92 a year ago, and missing expectations of $0.45 … Continue reading Death Angel Has Her Sights on Corrupt Banks: Banks Are in Trouble: Wells