Wells Fargo Feels ‘No Pressure’ to Pursue Acquisitions, CEO Says

Core Viewpoint - Wells Fargo's CEO Charles Scharf emphasized that the company does not feel pressured to pursue mergers and acquisitions (M&A), citing confidence in the quality of its franchises and existing opportunities [1] Group 1: Company Strategy - The company has focused on cutting expenses and removing regulatory restrictions to enhance growth potential [1] - The Federal Reserve lifted an asset cap on Wells Fargo in June, which had been in place for seven years following a fake account scandal [1]