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 Barclays Global Financial Services Conference Transcript

Sep 13, 2022 / 12:15PM GMT

Release Date Price: $43.22 (-5.07%)

Transcript

Jason Michael Goldberg

Barclays Bank PLC, Research Division - MD & Senior Equity Analyst

Moving right along, very pleased to have Wells Fargo up next. From the company, Mike Santomassimo, the Chief Financial Officer. Mike, welcome.

Michael P. Santomassimo

Wells Fargo & Company - Senior EVP & CFO

Thanks, Jason.

Questions & Answers

Jason Michael Goldberg;Michael P. Santomassimo

Barclays Bank PLC, Research Division - MD & Senior Equity Analyst;Wells Fargo & Company -

Maybe just jump right in. Obviously, you have a very broad consumer customer base. On the earnings calls, you guys noted that certain cohorts of customers have seen average balances that have declined to pre-pandemic levels as kind of stimulus payments came to an end. You also kind of talked about potentially debit card spend also declining, while inflation appears to be impacting certain categories of spending. Maybe just kind of update us in terms of kind of your current lay of the land.

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us ETF Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.