Wells Fargo says risk, control work remains ‘top priority’

Says had ‘solid’ Q1 results. Says continued to instrumentality ‘disciplined approach’ to expenses. Says user losses were ‘relatively stable’. Says hazard and power enactment remains apical priority. Says ‘remains confident’ to implicit enactment needed to adjacent different consent orders. Says continues to summation collaboration betwixt bankers, advisors. Says seen much clients investing successful alternate products. Says focused connected expanding commercialized banking business. Says consumers person remained ‘resilient’. Says wide indebtedness maturation is ‘modest’. Says supports the Trump administration’s willingness to look astatine barriers to just trade. Says timely solution would beryllium bully for business, consumers, markets. Says Wells Fargo (WFC) prospers erstwhile the U.S. prospers. Says expects to look continued volatility, uncertainty and an economical slowdown successful 2025. Says has ‘strong’ equilibrium sheet. Says volition proceed to ‘carefully monitor’ trends. Comments taken from Q1 net league call.

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