BRIEF-Wells Fargo CFO Mike Santomassimo Says Year-Over-Year Average Loan Growth In Fourth Quarter Will Likely Be Higher

Wells Fargo & Company

Wells Fargo & Company

WFC

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July 14 (Reuters) - Wells Fargo & Co WFC.N:

  • WELLS FARGO CEO CHARLIE SCHARF SAYS BROAD SET OF PRODUCTS, INCLUDING CREDIT CARDS, INVESTMENTS, AND MORTGAGES, SHOULD DRIVE LOW-COST DEPOSITS HIGHER OVER TIME

  • WELLS FARGO CEO SCHARF SPEAKING ON CONFERENCE CALL

  • WELLS FARGO CFO MIKE SANTOMASSIMO SAYS YEAR-OVER-YEAR AVERAGE LOAN GROWTH IN FOURTH QUARTER WILL LIKELY BE HIGHER

  • WELLS FARGO'S SANTOMASSIMO: EXPECT SECOND HALF REVENUE-RELATED EXPENSES TO BE SOMEWHAT HIGHER THAN EXPECTED AT THE BEGINNING OF THE YEAR

  • WELLS FARGO'S SANTOMASSIMO: DON'T EXPECT TO SEE THE MARKET BALANCE SHEET TO GROW AT THE SAME PACE

  • WELLS FARGO'S SANTOMASSIMO: INVESTMENT BANKING PIPELINE QUITE STRONG

Further company coverage: WFC.N


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