Wells Fargo & Co (NYSE:WFC)
$ 61.89 0.61 (1%) Market Cap: 215.77 Bil Enterprise Value: 176.75 Bil PE Ratio: 12.92 PB Ratio: 1.34 GF Score: 77/100

Wells Fargo & Co at Morgan Stanley US Financials, Payments & CRE Conference Transcript

Jun 14, 2022 / 12:45PM GMT
Release Date Price: $37.43 (-4.00%)
Betsy Lynn Graseck
Morgan Stanley, Research Division - MD

All right. Thanks, everybody, for joining us this morning. We are delighted to have with us today Mike Santomassimo, CFO of Wells Fargo. Thanks so much, Mike.

Michael P. Santomassimo
Wells Fargo & Company - Senior EVP & CFO

Yes. Thanks for having me. Great to be in person.

Questions & Answers

Betsy Lynn Graseck
Morgan Stanley, Research Division - MD

So we had a couple of themes we wanted to address, no surprise, loan growth, credit, deposits, the usual aspects. But I thought I'd kick off by just asking a few questions on loan growth. To follow up on what Charlie was mentioning last week, we suggested that loan growth is decelerating a bit in 2Q. And I wanted to understand what you're seeing on the ground, what's driving that and where the opportunities are.

Michael P. Santomassimo
Wells Fargo & Company - Senior EVP & CFO

Yes. And thanks again for having us. Look, I think we are seeing

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