4 ms·
> payments/interchange made up 64% of WF's total public Net Income. This is wrong and not possible. WF is a public company so you can look up their financials:
by Shindi 4y ago
> payments/interchange made up 64% of WF's total public Net Income.
This is wrong and not possible. WF is a public company so you can look up their financials: https://finance.yahoo.com/quote/WFC/financials/ https://finance.yahoo.com/quote/WFC/financials/
You can see that interest revenue > non interest revenue always so there is no way interchange can account for 64% of their revenue.