Here's Why Wells Fargo Profit Fell

The video discusses Wells Fargo's financial performance, focusing on its exposure to the oil and gas industry. The bank has significant loans in this sector, leading to increased provisions and a decline in profits. The net interest margin has also been pressured by low interest rates. Despite these challenges, Wells Fargo remains a major player in mortgage lending, with a slight increase in income from this area.

What was the approximate amount of Wells Fargo's outstanding loans to the oil and gas industry at the end of the first quarter?

• $10 billion

• $18 billion

• $5 billion

• $25 billion

By what percentage did Wells Fargo increase its provisions for potential energy loan defaults compared to the previous year?

• 80%

• 100%

• 60%

• 50%

What was Wells Fargo's net income in the recent quarter compared to the previous year?

• $5.5 billion

• $6 billion

• $5.8 billion

• $5 billion

What is the significance of the net interest margin (NIM) for Wells Fargo?

• It reflects the bank's market share.

• It shows the bank's total revenue.

• It indicates the profit made on extending loans.

• It measures the bank's loan origination volume.

What percentage of all home loans did Wells Fargo originate at the end of last year?

• 8%

• 12%

• 10%

• 15%