Wells Fargo (WFC) CFO says credit metrics are good and there is no signs of systemic deterioration. Consumer spending continues to increase.
Importance
Level 1
- Mortgage business decline should moderate and be relatively flat throughout 2026.
- Markets revenue will grow Y/Y, strengthened by higher NII and lower fees.
- Co. feels no pressure to take up any acquisitions for growth, with focus more on organic growth.
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