Wells Fargo & Co Q2 2023 Earnings Call Summary - Thomson StreetEvents

Wells Fargo & Co Q2 2023 Earnings Call Summary

Wells Fargo & Co Q2 2023 Earnings Call Summary - Thomson StreetEvents
Wells Fargo & Co Q2 2023 Earnings Call Summary
Published Jul 14, 2023
18 pages (10535 words) — Published Jul 14, 2023
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About This Report

  
Abstract:

Edited Brief of WFC.N earnings conference call or presentation 14-Jul-23 2:00pm GMT

  
Brief Excerpt:

...A. We had solid results in the quarter with revenue, pretax pre-provision profit, diluted earnings per share and ROTCE all higher than a year ago. B. The revenue growth reflected strong net interest income growth as well as higher non-interest income....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Co
Ticker
WFC.N
Time
2:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : I wanted to ask a question on how you're interpreting the OCC and Fed joint statement that they put out on June 29, encouraging lenders to find short-term or temporary loan accommodation solutions for their borrowers. Is that really anything new? Is that just standard operating procedure that they're reiterating? Or can this sort of help provide solutions that would allow you to work with your borrowers and perhaps delay classification, deterioration of classification or classification to TDR?

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Got it. And just a follow-up question here. Thank you for the disclosure again on Slide 6. With $22 billion of your loans in CIB, I think investors are wondering what is the average loan size there.

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Got it. And just squeezing in one more question. And before I ask this expense question. Charlie, I think your investors very much appreciate it that you're not just doing whatever you can to hit an expense number and you're reinvesting back into the company. So to that end, I'm wondering if -- have you disclosed how much of the $800 million increase in the outlook for this year has to do with the severance? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 14, 2023 / 2:00PM, WFC.N - Q2 2023 Wells Fargo & Co Earnings Call

Table Of Contents

Wells Fargo & Co at BancAnalysts Association Of Boston Conference Summary – 2023-11-02 – US$ 54.00 – Edited Brief of WFC.N presentation 2-Nov-23 12:55pm GMT

Wells Fargo & Co Q3 2023 Earnings Call Summary – 2023-10-13 – US$ 54.00 – Edited Brief of WFC.N earnings conference call or presentation 13-Oct-23 2:00pm GMT

Wells Fargo & Co Q3 2023 Earnings Call Transcript – 2023-10-13 – US$ 54.00 – Edited Transcript of WFC.N earnings conference call or presentation 13-Oct-23 2:00pm GMT

Wells Fargo & Co at Barclays Global Financial Services Conference Transcript – 2023-09-12 – US$ 54.00 – Edited Transcript of WFC.N presentation 12-Sep-23 11:30am GMT

Wells Fargo & Co Q2 2023 Earnings Call Transcript – 2023-07-14 – US$ 54.00 – Edited Transcript of WFC.N earnings conference call or presentation 14-Jul-23 2:00pm GMT

Wells Fargo & Co at Morgan Stanley US Financials, Payments, and CRE Conference Summary – 2023-06-13 – US$ 54.00 – Edited Brief of WFC.N presentation 13-Jun-23 12:00pm GMT

Wells Fargo & Co at Morgan Stanley US Financials, Payments, and CRE Conference Transcript – 2023-06-13 – US$ 54.00 – Edited Transcript of WFC.N presentation 13-Jun-23 12:00pm GMT

Wells Fargo & Co at Sanford C Bernstein Strategic Decisions Conference Summary – 2023-05-31 – US$ 54.00 – Edited Brief of WFC.N presentation 31-May-23 12:00pm GMT

Wells Fargo & Co at Sanford C Bernstein Strategic Decisions Conference Transcript – 2023-05-31 – US$ 54.00 – Edited Transcript of WFC.N presentation 31-May-23 12:00pm GMT

Wells Fargo & Co Q1 2023 Earnings Call Summary – 2023-04-14 – US$ 54.00 – Edited Brief of WFC.N earnings conference call or presentation 14-Apr-23 2:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Wells Fargo & Co Q2 2023 Earnings Call Summary" Jul 14, 2023. Alacra Store. May 24, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Wells-Fargo-Co-Earnings-Call-B15169148>
  
APA:
Thomson StreetEvents. (2023). Wells Fargo & Co Q2 2023 Earnings Call Summary Jul 14, 2023. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Wells-Fargo-Co-Earnings-Call-B15169148>
  
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