Was Wells Fargo’s Negative Loan Growth Last Quarter the Canary in the Coal Mine?
One of the most concerning trends over the past year involves the trend in loan growth at banks, which seems to be decelerating. You can see this in the results of the large banks that have reported third-quarter earnings thus far, with Wells Fargo (NYSE: WFC) serving as an especially notable example.
Total loans at Wells Fargo fell 1% in the three months ended September 30, 2017 compared to the year-ago quarter. It was the only one of the nation's four megabanks to see its loan portfolio contract over the past 12 months.
Bank
Source: Fool.com
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