From Yahoo Finance: 2025-06-10 10:34:00

Wells Fargo’s CFO, Mike Santomassimo, predicts minimal consumer loan growth and potential decline for the rest of the year. Uncertainty over U.S. tariff policies makes predicting commercial loan growth challenging. The bank plans to focus on expanding credit cards, investment banking, wealth management, and commercial banking. Signs of improvement in dealmaking are emerging.

After being released from a seven-year, $1.95 trillion asset cap by the Federal Reserve, Wells Fargo aims to grow its various businesses, including investment banking. The bank is experiencing growth in investment banking and is optimistic about participating in more deals. Despite market volatility from Trump’s policies, executives are optimistic about dealmaking resurgence.

Citigroup’s head of banking, Vis Raghavan, reports that discussions for mergers and acquisitions remain active, indicating a positive outlook for dealmaking. Despite economic uncertainty due to tariff and fiscal policies, banks see potential for growth in the M&A sector. Optimism remains high for a resurgence in dealmaking activity.



Read more at Yahoo Finance: Wells Fargo says consumer loan growth to stay muted or drop this year