Wells Fargo CEO sees better commercial loans in fourth quarter

Jimmy 3x3 | 7 Views | 2017-12-05T14:45:42+00:00

(Reuters) - Wells Fargo & Co will likely see improved commercial loan performance when it reports fourth-quarter results in January, Chief Executive Officer Tim Sloan said at an investor presentation Tuesday.

Tim Sloan speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Mike Blake

Sloan said he sees the residential mortgage business slowing in the fourth quarter, however. Wells Fargo is the third largest U.S. bank by assets and the leading U.S. mortgage lender.

Reporting by Dan Freed in New York; Editing by Jeffrey Benkoe

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