Reported 1 day ago
Wells Fargo forecasts that U.S. consumer loan growth will remain subdued or may even decrease this year, according to Chief Financial Officer Mike Santomassimo. He expressed uncertainty about commercial loan growth due to fluctuating U.S. tariff policies. Following the lifting of a cap on its assets owing to past scandals, Wells Fargo aims to enhance various sectors such as credit cards and investment banking. Despite a decline in deal-making this year, executives express optimism about future opportunities.
Source: YAHOO