Wells Fargo rises as CFO signals upbeat annual loan growth
BUZZ-Wells Fargo rises as CFO signals upbeat annual loan growth ** Shares of lender Wells Fargo WFC.N rise 1.45% to $90 in premarket trading
** Annual loan growth will likely be better than guided, CFO Mike Santomassimo says at Barclays Financial Services Conference
** Expects net interest margin to be better than guidance in the third quarter
** Wall Street is closely watching the industry conference for commentary on deal pipelines and updates on consumer health from major U.S. banks
** 17 of 26 analysts rate stock "strong buy" or "buy" and nine "hold"; their median PT is $102 - data compiled by LSEG
** As of last close, stock down 4.8% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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