Wells Fargo & Co (MIL:1WFC)
€ 58.7 -2.19 (-3.61%) Market Cap: 195.05 Bil Enterprise Value: 223.72 Bil PE Ratio: 13.24 PB Ratio: 1.29 GF Score: 52/100

Wells Fargo & Co at UBS Financial Services Conference Transcript

Feb 26, 2024 / 01:00PM GMT
Release Date Price: €48.16
Erika Najarian
UBS Investment Bank, Research Division - Analyst

Well, good morning, everybody. How are you guys? Really excited to be kicking off the 25th anniversary of this long-running conference with the CFO of Wells Fargo, Mike Santomassimo, who arrived at the bank and has overseen a lot of the transformative changes that has fueled a significant difference in how the market values the firm.

So thank you for joining us, Mike.

Michael P. Santomassimo
Wells Fargo & Company - Senior EVP & CFO

Thank you.

Questions & Answers

Erika Najarian
UBS Investment Bank, Research Division - Analyst

So I just said the word transformation. Obviously, I have to start with the big announcement that we saw a few weeks ago, that the OCC terminated the consent order that I like to say, started it all, the 2016 sales practices consent order. If you could give us just a little bit of insight, I know you have eight consent orders left, if that's right, what does this mean? And what can investors take away

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