Wells Fargo Reports Tuesday: Will Its Kraken Crypto Talks…
By Abdelaziz Fathi
AI summary of the source article
Wells Fargo is reporting third-quarter earnings amid reports that the bank discussed using Kraken parent Payward as a crypto trading liquidity provider. Neither company has confirmed an agreement, and no formal terms have been announced.
Why it matters
Tuesday's earnings call matters because it is the first obvious forum in which analysts can ask Wells Fargo management directly about the report.
Key facts
- Wells Fargo scheduled its third-quarter earnings release and call for October 13.
- Reports indicate Wells Fargo discussed using Kraken parent Payward as a liquidity provider for digital-asset trading, though no deal has been confirmed.
- Wells Fargo previously served as Nasdaq's exclusive capital-markets adviser when Nasdaq Ventures agreed to invest $100 million in Payward on September 10.
Source excerpt · FinanceFeeds
Wells Fargo reports third-quarter earnings Tuesday morning, and alongside the usual questions about interest income, loan growth and credit, investors have a new one to listen for: whether management says anything about its reported talks with Kraken parent Payward. The bank will release results at approximately 7:00 a.m. ET on October 13 and hold its earnings call at 10:00 a.m. ET, according to W…