A month ago, we published an article titled "Commercial Real Estate May Cause The Next Financial Crisis," in which we mentioned that CRE lending is one of the major issues for the stability of the U.S. banking system, and, importantly, this issue is often underestimated by mainstream financial media, rating agencies, and research departments of large banks. We said that CRE lending, together with consumer loans and C&I credit, would be in the spotlight when banks start reporting their 3Q numbers.
In this article, we would like to discuss Wells Fargo's (NYSE:WFC) Q3 numbers.
by Avi Gilburt -
11 months ago