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Stock impact report

Bank of America says 85,000 small businesses have asked for $22.2 billion in loans since 9 a.m. [CNBC]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: CNBC
Bank of AmericaThe bank was the first major lender to get its web portal for the Paycheck tection gram up and running, and it was soon inundated with requests."That is an astounding number of applications to take in such a short period of time and considering we just launched the site this morning at 8:45 a.m.," a Bank of America manager told staff in an email.As of mid-afternoon Friday, among the largest U.S. lenders, only Bank of America andJPMorgan ChaseannouncedThe chaotic launchheightened fears among business ownersSteven Mnuchinrequest more moneyThe U.S. government has asked banks to help it dole out at least $350 billion in loans to small businesses, part of the $2 trillion coronavirus stimulus bill signed last week. But banks and industry groups havecomplained that they lacked the guidance"Having just received guidance outlining how to implement a $349 billion program literally hours before it starts, we would ask for everyone to be patient," Richard Hunt, head of the Consumer Show less Read more
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