Wells Fargo & Co (NYSE:WFC)

$ 60.415 -0.515 (-0.85%) Market Cap: 210.63 Bil Enterprise Value: 171.61 Bil PE Ratio: 12.61 PB Ratio: 1.30 GF Score: 74/100

Wells Fargo & Co at Morgan Stanley Virtual US Financials Conference Transcript

Jun 10, 2020 / 01:30PM GMT

Release Date Price: $29.71 (-8.95%)

Transcript

Betsy Lynn Graseck

Morgan Stanley, Research Division - MD

Okay. Thanks, everybody, for joining us this morning at the Morgan Stanley Financials conference. I'm pleased to have with me this morning, John Shrewsberry, CFO of Wells Fargo. John, thanks so much for joining.

John Richard Shrewsberry

Wells Fargo & Company - Senior EVP & CFO

Good to be here, Betsy. Thanks for having me.

Questions & Answers

Betsy Lynn Graseck

Morgan Stanley, Research Division - MD

I wanted to just kick off a little bit on what you're hearing from clients in terms of how the economy is likely to evolve from here. From your consumer clients, from your corporate clients, what are you getting with regard to spend patterns and borrowing patterns that give you some insight as to how things are going?

John Richard Shrewsberry

Wells Fargo & Company - Senior EVP & CFO

Sure. There's a lot there. So on the corporate side, I would say that people are dealing with mixed signals.

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