Wells Fargo កំពុងពង្រីកអាជីវកម្មកម្ចីទិញផ្ទះរបស់ខ្លួន។

Wells Fargo & Co (NYSE: WFC) just revealed plans of trimming its footprint in home lending. Moving forward, it will offer home loans only to existing customers and “minority” borrowers.

Wells Fargo to cut its loan-servicing portfolio

The financial services behemoth also announced an end to its correspondent business and said it will resort to asset sales to shrink its loan-servicing portfolio.  

តើអ្នកកំពុងស្វែងរកព័ត៌មានរហ័សព័ត៌មានជំនួយក្តៅនិងការវិភាគទីផ្សារមែនទេ?

ចុះឈ្មោះសម្រាប់ព្រឹត្តិប័ត្រ Invezz ថ្ងៃនេះ។

Wells Fargo has been committed to simplifying its business over the past three years. According to Kleber Santos – its Head of Consumer Lending:

As part of that review, we determined that our home lending business was too large, both in terms of overall size and its scope.

នេះ ព័ត៌មានអំពីទីផ្សារភាគហ៊ុន is particularly significant considering Wells Fargo was once the United States’ biggest mortgage lender. Versus late November, shares of the multinational bank are currently down over 10%.

Rob Sechan reacts to the announcement

It is also noteworthy that peers JPMorgan and the Bank of America had made similar moves following the Global Financial Crisis. Reacting to the announcement, Rob Sechan (NewEdge Wealth) said on CNBC’s “Closing Bell: Overtime”:

“I think it shows the impact of rising rates, causing them to question if the juice is worth the squeeze. They’ve been incredibly focused on quality of their loan portfolio. So, no surprise there. It’s all about risk management.”

Just weeks ago, the Wall Street bank agreed to pay $3.70 billion over mismanagement of auto loans, mortgages, and deposit accounts (ប្រភព).

Wall Street អត្រាបច្ចុប្បន្ន the Wells Fargo stock an “overweight” on average.