Wells Fargo CFO Mike Santomassimo discusses the bank s quarterly results, buoyed by trading revenues and commissions. In commercial real estate, the bank expects multi-year weakness. .
Credit card debt is rising and while American consumers' spending shows confidence in their finances, high credit card interest rates loom as a threat if the economy slow.
Operator: Welcome, and thank you for joining the Wells Fargo Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Wells Fargo & Company (NYSE:WFC) Q2 2023 Earnings Call Transcript July 14, 2023 Wells Fargo & Company beats earnings expectations. Reported EPS is $1.25, expectations were $1.17. Operator: Welcome, and thank you for joining the Wells Fargo Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. […]