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Company Research27 Apr 2023
Earnings Season Recap #22
Bank Week: Citi, BofA, WF, MS, GS, and last but not least, Tesla
Wells Fargo & Company (WFC) investor relations material
Wells Fargo & Company Goldman Sachs U.S. Financial Services Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Goldman Sachs U.S. Financial Services Conference summary9 Dec, 2025
Conference overview
Attendance reached 1,000 clients and 125 companies, with a combined market cap near $6 trillion, marking a 10% increase in participation from the previous year.
Macro environment and outlook
Consumer spending remains strong and resilient, with stable deposit and investment balances.
Affluent and less affluent spending divergence persists but is stable; spend patterns are consistent across demographics.
Middle market customers face short-term pressure from tariffs, impacting hiring and investment, but credit quality remains strong.
Future consumer health hinges on employment and wage growth, which currently outpaces inflation.
Lower rates in the coming year are expected to support increased commercial borrowing and investment.
Strategic priorities and performance
Return on tangible common equity (ROTCE) improved from 8% to 14-15% over six years, with a new target of 17-18%.
Lifting of the asset cap enables more competitive growth in deposits and lending.
All business segments, except home lending, are positioned for best-in-class returns and growth.
Consumer bank returns are strong; home lending and credit card businesses are transitioning to higher profitability.
AI's impact on future headcount and efficiency
Strategy to regain deposit market share
CIB market share ambition and growth path
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Next Wells Fargo & Company earnings date
Q4 202514 Jan, 2026
Next Wells Fargo & Company earnings date
Q4 202514 Jan, 2026
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Leroy DaleyApp Store
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Eferix Drawings Google Play
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Frequently asked questions
A financial services provider with over 150 years of experience
Wells Fargo, founded in 1852, is a leading financial services provider with a reputation for innovation and quality. With a strong presence in both domestic and international markets, the company has been able to generate significant revenue through various business segments.
The consumer banking operations
Consumer banking is the primary revenue stream for Wells Fargo. The company offers a wide range of banking services, including checking and savings accounts, credit cards, mortgages, and personal loans. Wells Fargo also has a large network of branches and ATMs across the United States, which has helped it attract a large customer base. Other public companies in the banking industry include JPMorgan Chase, Bank of America, and Citigroup.
Investment banking services
Wells Fargo's investment banking division has become a growing revenue stream for the company. With a focus on providing investment banking services, including mergers and acquisitions, debt and equity financing, and advisory services, Wells Fargo has been able to attract a large customer base.
Tapping into the growing wealth management market
Wells Fargo's wealth management division has become an emerging revenue driver for the company. With a focus on providing investment advisory services, including financial planning and asset management, Wells Fargo has been able to tap into the growing wealth management market.
Interesting facts about Wells Fargo
Wells Fargo has a long history of innovation and quality. The company was the first to offer online banking in 1995, revolutionizing the banking industry.
Wells Fargo is one of the largest banks in the world, with assets of over $1.9 trillion as of 2020.
The company has a large presence in the United States, with over 7,200 branch locations and 13,000 ATMs.
Wells Fargo has a strong reputation for customer service, with a focus on providing personalized and responsive service to its customers.
The company has a strong commitment to diversity and inclusion, with a focus on creating a culture of belonging for its employees and customers.
Wells Fargo has a long history of philanthropy, with a focus on supporting education, community development, and environmental sustainability.
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