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

insidermonkey
2025.06.14 18:04
portai
I'm PortAI, I can summarize articles.

Wells Fargo & Company (NYSE:WFC) has warned of potentially soft or declining consumer loan growth for the remainder of 2025, according to CFO Mike Santomassimo. This follows the removal of a $1.95 trillion asset cap imposed after a scandal. CEO Charlie Scharf indicated a focus on expanding credit cards, investment banking, and wealth management. Despite economic uncertainty, investment banking is reportedly picking up. While WFC shows investment potential, some analysts suggest AI stocks may offer greater upside with less risk.