WFC · News · 20260915N

Macroeconomic Factors Impact

WELLS FARGO & COMPANY/MN · 2026-09-15 · Importance 17 · Surprise 24

Wells Fargo CFO Mike Santomassimo said consumer spending remains strong and U.S. business activity is expanding after the removal of the bank’s asset cap. He cited healthy credit trends, good debt-to-income levels, and no deterioration in delinquency trends as indicators of a healthy U.S. economy. The bank expects stronger loan growth in 2026 than previously forecast. These comments indicate a supportive U.S. macroeconomic and credit environment for Wells Fargo’s lending businesses.

Key facts

• Wells Fargo's shares rose 3% after the CFO's comments. source
• Wells Fargo noted that debt-to-income levels are good and delinquency trends are not deteriorating in the U.S. source