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Rising Interest Rates Lift Profits at Bank of America and Wells Fargo

by Kristel Haire January 14, 2023, 4:05 AM 13.2k Views

Rising Interest Rates Lift Profits at Bank of America and Wells Fargo

Rising Interest Rates Lift Profits at Bank of America and Wells Fargo

Both banks increased their reserves as protection against deteriorating economic conditions, but signaled optimism about consumer resilience.

Rising Interest Rates Lift Profits at Bank of America and Wells Fargo

America Bank Fargo interest lift Profits rates rising Wells

Written by Kristel Haire