Wells Fargo & Company (NYSE:WFC) Morgan Stanley US Financials, Payments and CRE Conference Call June 13, 2023 8:00 AM ET Company Participants Mike Santomassimo - Chief Financial Officer Conference Call Participants Unidentified Analyst Okay, great. Thanks everyone. I have a disclosure to read and then we'll get started. For important disclosures, please see Morgan Stanley Research disclosure website at morganstanley.com/researchdisclosures. The taking a photograph and use of recording devices is also not al ...

Wells Fargo & Company (NYSE:WFC) Bernstein 39th Annual Strategic Decisions Conference May 31, 2023 8:00 AM ET Company Participants Charlie Scharf - CEO Conference Call Participants John McDonald - Bernstein John McDonald We're ready to go. Thanks, everyone, for joining us today. We're happy to kick off the conference in this room today with Wells Fargo. We have CEO, Charlie Scharf, joining us. Charlie, thanks for coming back this year. Charlie Scharf Thanks, John. Great to be here. Question-and-Answer Sessi ...

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 March 31, 2023 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) Q1 2023 Earnings Conference Call April 14, 2023 10:00 AM ET Company Participants John Campbell - Director, IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference Call Participants Scott Siefers - Piper Sandler Steven Chubak - Wolfe Research John McDonald - Autonomous Research Ken Usdin - Jefferies Ebrahim Poonawala - Bank of America John Pancari - Evercore ISI Betsy Graseck - Morgan Stanley Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Capital Markets David Long - R ...

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 ...