Wells Fargo & Co at Barclays Global Financial Services Conference Transcript

Feb 11, 2024

Sep 13, 2022 / 12:15PM GMT
Jason Michael Goldberg - Barclays Bank PLC, Research Division - MD & Senior Equity Analyst

Moving right along, very pleased to have Wells Fargo up next. From the company, Mike Santomassimo, the Chief Financial Officer. Mike, welcome.

Michael P. Santomassimo - Wells Fargo & Company - Senior EVP & CFO

Thanks, Jason.

Questions and Answers:

Jason Michael Goldberg - Barclays Bank PLC, Research Division - MD & Senior Equity Analyst

Maybe just jump right in. Obviously, you have a very broad consumer customer base. On the earnings calls, you guys noted that certain cohorts of customers have seen average balances that have declined to pre-pandemic levels as kind of stimulus payments came to an end. You also kind of talked about potentially debit card spend also declining, while inflation appears to be impacting certain categories of spending. Maybe just kind of update us in terms of kind of your current lay of the land.

Michael P. Santomassimo - Wells Fargo & Company -

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