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.
Comment on Bank of America Is Now More Efficient Than Wells Fargo
newsfeedback@fool.com (John Maxfield), The Motley Fool
Tue, 07/25/2017 - 6:08am
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