CORRECTED-Wells Fargo sees net interest income at low end of guidance

(Reuters) – Wells Fargo & Co’s annual net interest income will likely come in at the lower range of its expectations, a bank executive said. Speaking at an investor conference on Wednesday, Treasurer Neal Blinde said the current rate environment was already baked into the bank’s guidance of a 2 to 5% decline, but downward pressure on interest rates moves sentiment to the lower end of the range. (Corrects headline of this story to say net interest income, not revenue, will be down.)

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