UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022 Commission File Number 001-2979 WELLS FARGO & COMPANY (Exact name of registrant as specified in its charter) Delaware No. 41-0449260 (State of incorporation) (I.R.S. Employer Identification No.) 420 Montgomery Street, San Francisco, California 94104 (Address of principal executive offices) (Zip code) ...

Summary of Wells Fargo & Company Conference Call Company Overview - **Company**: Wells Fargo & Company (NYSE: WFC) - **Event**: 24th Annual Financial Services Forum - **Date**: February 14, 2023 - **Participants**: Mike Santomassimo (CFO), Susan Katzke (Credit Suisse) Key Points Macro Environment - The macroeconomic data is mixed, with a strong job market but weaknesses in industrial and consumer sectors [4][5] - CPI data was slightly higher than expected, indicating potential inflationary pressures [4] - Anticipation of continued economic slowdown throughout the year, with preparations for various scenarios [5][12] Consumer and Commercial Behavior - Consumer spending remains healthy, with debit card spending up 3% year-over-year in January [7] - Credit card spending increased nearly 20% year-over-year, driven by new product offerings [8] - Commercial banking line utilization has stabilized, with new customer growth but limited changes in utilization [9] Deposit and Loan Dynamics - Deposit balances are tracking in line with industry trends, with a slight decline of less than 2% [14] - Non-interest-bearing deposits are expected to decrease from 34% to around 25% over time due to spending patterns [18][19] - Loan growth demand has moderated, with some sectors experiencing shrinkage, particularly in auto loans [25][26] Interest Income and Efficiency - Guidance for net interest income (NII) remains positive, with a projected increase of 10% for the year [31] - The efficiency ratio is a focus, with ongoing efforts to reduce costs and improve operational efficiency [38][40] - The company aims to achieve a lower efficiency ratio over time, which is crucial for sustaining a 15% return on tangible common equity (ROTCE) [41][42] Capital Management - Wells Fargo has begun stock buybacks, supported by a strong capital position [58] - The company maintains a CET1 capital buffer of around 100 basis points above the required 9.2% [60] - Ongoing uncertainties related to CCAR and Basel IV regulations are being monitored [63][64] Credit Risk and Portfolio Management - Incremental risks are being observed in commercial real estate, particularly in the office segment [66] - Consumer credit performance is gradually deteriorating, with slight increases in delinquencies and charge-offs [67] - The non-bank financial lending portfolio is performing well, with a focus on asset managers and investment-grade loans [73] Future Outlook - The path to achieving a sustainable 15% ROTCE involves a combination of growth, operating leverage, and efficiency improvements [76][79] - Continued focus on optimizing the balance sheet and enhancing product offerings in the credit card and investment banking sectors [78][79] Additional Insights - The company is committed to addressing legacy issues and regulatory compliance as a top priority [50] - Simplification of operations is ongoing, with a focus on core client segments [48] - The management team is optimistic about the medium-term outlook, despite current economic uncertainties [79]

Wells Fargo & Company (NYSE:WFC) Q4 2022 Earnings Conference Call January 13, 2023 12:00 PM ET Company Participants John Campbell - Director, Investor Relations Charles Scharf - Chief Executive Officer Mike Santomassimo - Chief Financial Officer Conference Call Participants Kenneth Usdin - Jefferies Scott Siefers - Piper Sandler John McDonald - Autonomous Research Steven Chubak - Wolfe Research John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Erika Najarian - UBS Betsy Graseck - Morgan St ...

Summary of Wells Fargo & Company Conference Call Company Overview - **Company**: Wells Fargo & Company (NYSE: WFC) - **Event**: Goldman Sachs 2022 US Financial Services Conference Call - **Date**: December 6, 2022 - **Participants**: Charlie Scharf (President and CEO), Unidentified Analyst Macroeconomic Outlook - **Economic Growth**: Anticipation of a significant slowdown in 2023, with a mild recession expected over a couple of quarters [3][4] - **Credit Concerns**: Credit quality is a primary focus, with attention to consumer and business customer health [4][10] - **Consumer Spending**: Shift from goods to services like travel and entertainment noted, with overall consumer spending growth slowing [7][8] Company Performance and Strategy - **Management Changes**: Significant changes in the management team, with a focus on collaboration and unified operations across the company [12][21] - **Cultural Shift**: Emphasis on a cohesive culture where success is tied to overall company performance rather than individual business units [22][23] - **Franchise Growth**: Initiatives to leverage the entire franchise for growth, particularly in wealth management and corporate investment banking [14][24][39] Financial Performance - **Net Interest Income (NII)**: Expected to increase in 2023, with deposit betas anticipated to rise as rates increase [30][27] - **Loan Growth**: Loan growth of 6% year-to-date, with expectations of moderation in demand, particularly in corporate loans [31][33] - **Fee-Based Business**: Opportunities identified in corporate investment banking and wealth management, with a focus on increasing fee income [36][39] Risk Management - **Credit Losses**: Credit losses at historical lows, with ongoing monitoring of specific portfolios, particularly in commercial real estate [49][51] - **Capital Management**: Strong capital levels with a conservative approach to redeploying excess capital, focusing on maintaining buffers against potential regulatory changes [53][56] Operational Efficiency - **Expense Management**: Commitment to improving efficiency ratios while investing in risk and control infrastructure [44][46] - **Technology Investments**: Focus on leveraging technology for long-term efficiency gains, while maintaining current operational capabilities [45][48] Conclusion - **Outlook**: The company is positioned to navigate the anticipated economic slowdown while focusing on growth opportunities and improving operational efficiency [48][56]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-2979 WELLS FARGO & COMPANY (Exact name of registrant as specified in its charter) Delaware No. 41-0449 ...

Wells Fargo & Company (NYSE:WFC) Q3 2022 Earnings Conference Call October 14, 2022 10:00 AM ET Company Participants John Campbell - Director, Investor Relations Charlie Scharf - Chief Executive Officer Mike Santomassimo - Chief Financial Officer Conference Call Participants John McDonald - Autonomous Research Scott Siefers - Piper Sandler Ken Usdin - Jefferies Ebrahim Poonawala - Bank of America John Pancari - Evercore ISI Erika Najarian - UBS Matt O’Connor - Deutsche Bank Betsy Graseck - Morgan Stanley Cha ...

Wells Fargo & Company (NYSE:WFC) Barclays Global Financial Services Conference September 13, 2022 8:15 AM ET Company Participants Mike Santomassimo - Chief Financial Officer Conference Call Participants Jason Goldberg - Barclays Jason Goldberg Moving right along very pleased to have Wells Fargo up next. From the company, Mike Santomassimo, the Chief Financial Officer. Mike, welcome. Mike Santomassimo Thanks Jason. Question-and-Answer Session Q - Jason Goldberg Maybe just jump right in. Obviously, you have ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-2979 WELLS FARGO & COMPANY (Exact name of registrant as specified in its charter) Delaware No. 41-0449260 ( ...

Wells Fargo & Company (NYSE:WFC) Q2 2022 Earnings Conference Call July 15, 2022 10:00 AM ET Company Participants John Campbell - Director, Investor Relations Charlie Scharf - Chief Executive Officer Mike Santomassimo - Chief Financial Officer Conference Call Participants Ken Usdin - Jefferies John McDonald - Autonomous Research Steven Chubak - Wolfe Research Scott Siefers - Piper Sandler John Pancari - Evercore ISI Erika Najarian - UBS Ebrahim Poonawala - Bank of America Gerard Cassidy - RBC Capital Markets ...