Key Takeaways o o o Wells Fargo & Co. warned of declining interest income this year on expected Federal Reserve interest rate cuts. Wells Fargo said it sees 2024 net interest income falling by 7% to 9%. In its fiscal 2023 fourth quarter, Wells Fargo beat profit and sales estimates on gains in corporate and investment banking and commercial banking. Shares of Wells Fargo & Co. (WFC) were down almost 4% Friday after the bank warned interest income could fall significantly in 2024 as borrowing costs decline. T ...