Bank Of America Is Now More Efficient Than Wells Fargo

There are few banks in the United States as consistently efficient through the years as Wells Fargo (NYSE: WFC). But this reputation is now taking a hit.Wells Fargo's second-quarter efficiency ratio, which measures the percent of revenue consumed by a bank's operating expenses, came in at 61.1% in the three months ended June 30.

Topics:  united states   wells fargo nyse   wfc    wells fargo   june   motley   fool   bank   efficient   quarter   
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