Wells Fargo lost $2.4 billion last quarter, setting the stage for its first dividend cut since the Great Recession - CNN 16-Jul-2020

on July 16, 2020

Wells Fargo lost $2.4 billion last quarter, setting the stage for its first dividend cut since the Great Recession - CNN

Wells Fargo swung to its first quarterly loss since the Great Recession, forcing the struggling bank to signal an 80% drop in its dividend.