From Yahoo Finance: 2025-06-14 14:04:00

Wells Fargo (WFC) predicts slow or declining consumer loan growth in 2025. CFO Mike Santomassimo cites uncertainty around US tariffs as a challenge for commercial growth. The Federal Reserve recently lifted a $1.95 trillion asset cap placed on WFC after a fake accounts scandal, allowing the bank to expand into credit cards, investment banking, and wealth management.

Santomassimo notes that investment banking is gaining traction, with Wells Fargo securing deals it previously would not have. Despite a sluggish dealmaking environment due to economic uncertainty, banks are optimistic about future prospects. Wells Fargo (WFC) offers a range of financial services, including banking, lending, investment, and wealth management.

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Read more: Wells Fargo & Company (WFC) Warns of Soft or Falling Consumer Loan Growth this Year