Wells Fargo CFO says trading to be bigger driver of NII

June 11, 2025 06:35 AM PDT | By EODHD

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Wells Fargo CFO says trading to be bigger driver of NII — Image source: Kalkine Media

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Wells Fargo (WFC) CFO Mike Santomassimo, at the Morgan Stanley US Financials, Payments & CRE Conference 2025, says it is “hard to get too excited” on loan growth changes. The CFO says the bank is not seeing any deterioration in the consumer portfolios and wouldn’t expect too much commercial loan growth for the rest of the year. The executive adds that Wells is seeing a lot of green shoots in the deal business. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on WFC: Disclaimer & DisclosureReport an Issue Wells Fargo management to meet virtually with Truist Wells Fargo Predicts Double-Digit Upside for Shopify Stock Wells Fargo considering using balance sheet for direct lending, WSJ reports Senator Warren calls lifting Wells Fargo asset cap ‘grave mistake’ Trump says Fed ‘must now’ lower rates after ADP payrolls report: Morning Buzz

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