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Wells' management still expects consumer loan growth

Published 02/13/2018, 01:26 PM
Updated 02/13/2018, 01:26 PM
© Reuters.  Wells' management still expects consumer loan growth
  • Wells Fargo (NYSE:WFC) is aiming to fix and grow in 2018, in the wake of the devastating fake accounts scandal last year.
  • Speaking to Bloomberg, CFO John Shrewsberry says he expects consumer loan balances to be higher one year from now.
  • Management is sticking to a strategy that continues to work by returning to growth once internal oversight has improved as ordered by the Fed, as The CEO Tim Sloan was quoted while speaking at a Credit Suisse (SIX:CSGN) conference that, "The customer impact has been really nonexistent." and also said. "We don’t feel like we have to do anything new, other than to make sure our customers understand we’re out there"


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