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May 28, 2014
11:20 EDTWFCWells Fargo CFO says keeping investment bank U.S.-centric
John Shrewsberry, Wells Fargo CFO, said the bank is very U.S.-centric in investment banking and is likely to remain that way. The bank has the opportunity to grow its market share in investment banking beyond the 5%-6% share it currently holds. Shrewsberry also said that the trading and sales side of the business never had the burden of legacy assets and is therefore not having any capital or liquidity issues. Trading and sales are also U.S.- centric and Wells Fargo doesn't see that business getting much larger over the next few years especially in the current regulatory environment. Comments were made earlier at the Deutsche Bank Global Financial Services Investor Conference.
News For WFC From The Last 14 Days
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July 21, 2014
10:02 EDTWFCOn The Fly: Analyst Downgrade Summary
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08:36 EDTWFCWells Fargo downgraded to Hold from Buy at Rafferty Capital
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July 17, 2014
07:14 EDTWFCWells Fargo CEO John Stumpf says economy stronger than people think
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July 15, 2014
10:37 EDTWFCOptions with decreasing implied volatility
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08:03 EDTWFCCBS reports results of CBS Outdoor exchange offer
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