2 days ago
Wells Fargo CFO says trading to be bigger driver of NII
Wells Fargo (WFC) CFO Mike Santomassimo, at the Morgan Stanley US Financials, Payments & CRE Conference 2025, says it is 'hard to get too excited' on loan growth changes. The CFO says the bank is not seeing any deterioration in the consumer portfolios and wouldn't expect too much commercial loan growth for the rest of the year. The executive adds that Wells is seeing a lot of green shoots in the deal business.
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