John Shrewsberry – Chief Financial Officer Optimism has faded a bit and confidence is lower “we saw in the wake of the election and going through the fourth quarter a lot of optimism. It felt like it was going to produce … Continued
John Shrewsberry – Chief Financial Officer There was a lot of optimism but that has diminished as there’s been little progress on the policy front “Well, we saw in the wake of the election and going through the fourth quarter … Continued
Tim Sloan Became concerned about used car values starting last year “We saw and became concerned about where used car values and where competitive pressures were going back to the middle of last year. We have been very transparent about … Continued
Wells Fargo’s (WFC) CEO Tim Sloan on Q4 2016 Results Results for 2016 “But first I want to summarize our financial performance for the past year. We generated earning of $21.9 billion and EPS of $3.99 a share. We grew … Continued
Neal Blinde – Treasurer Benefit from rising interest rate environment “the result that we just had in the US Election where we had some really significant short-term increases in the yield curve, which are a real positive and because we … Continued
Wells Fargo & Company’s (WFC) CEO Timothy Sloan on Q3 2016 Results Stumpf “retiring” “This week, John Stumpf announced that he was retiring from Wells Fargo and the Board. He made this decision because he believed his leadership had become … Continued
John Shrewsberry – CFO Context around account opening scandal “We commissioned a third-party consulting firm to conduct a review of all of the deposit and credit card accounts open since 2011 which included 82 million deposit accounts, and nearly 11 … Continued
Wells Fargo (WFC) CEO John Stumpf said the bank remains consistently profitable in the face of massive macro headwinds “Our diversified business model and continued focus on meeting our customer’s financial needs drove our performance in the second quarter, our … Continued
Wells Fargo & Co.’s (WFC) CEO John Stumpf on Q2 2016 Results Average loans grew 9% vs last year “Average loans grew over $80 billion or 9% from a year ago. Average deposits increased $51.4 billion or 4% from year … Continued
John Shrewsberry – Senior EVP & CFO Enormous growth potential in card “We have talked about the card business and the fact that there is an enormous amount of growth space for us there. We have — a lot of … Continued