Wells Fargo CFO: Don't See Credit Trends Deteriorating
Market Intelligence Analysis
AI-PoweredWells Fargo's CFO, Mike Santomassimo, expressed optimism about the bank's loan momentum, but warned that the president's proposal could negatively impact credit access for consumers.
Market impact analysis based on neutral sentiment with 70% confidence.
Article Context
Mike Santomassimo, Wells Fargo CFO, says the bank saw strong loan momentum this quarter. He tells Romaine Bostick and David Gura on “The Close” that the president’s proposal would pull credit at a critical time, reducing access for consumers across the credit card spectrum. (Source: Bloomberg)
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