Wells Fargo CFO: Looks Like There's a Lid on U.S. Yields

The transcript discusses Wells Fargo's financial performance, highlighting a 4% revenue growth despite a low rate environment. It covers loan growth, market conditions post-Brexit, and the impact of the oil and gas sector. Challenges in a low yield environment are addressed, along with strategies for managing extra cash and future earnings.

What was the year-over-year growth in revenue for the bank?

• 2%

• 4%

• 6%

• 8%

How much net income did the bank produce for 15 consecutive quarters?

• $5.6 billion

• $5 billion

• $6 billion

• $4 billion

What percentage of the bank's loans are in the oil and gas sector?

• 1%

• 2%

• 3%

• 4%

What is a major challenge for the bank in a low yield environment?

• Increasing loan interest rates

• Managing extra cash

• Expanding loan portfolio

• Reducing operating expenses

What is the bank's strategy for dealing with extra cash?

• Investing in new loans

• Keeping cash on deposit at the Fed

• Increasing marketing expenses

• Expanding into new markets