Tim Sloan – President and Chief Executive Officer The scandal continues to have an impact “There is a little bit of impact on some municipalities they have put us on probation or just said they are not going to use … Continued
Tim Sloan – Chief Executive Officer Loan losses are the lowest I’ve seen in my career “As I mentioned, our loan losses in the second quarter were 27 basis points, it is the lowest that I have seen in my … Continued
Timothy Sloan – President and Chief Executive Officer Don’t really know what’s going to happen “I mean the Fed has never had a balance sheet of this size. We’ve never been through a situation where they’re talking about reducing a … Continued
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