Wells Fargo (WFC): FY24 Q4 earnings call, Jan 15, 2025

Wed, Jan 15Earnings callSpeaker-labelled transcriptWells Fargo

No Kalshi or Polymarket word markets were listed for Wells Fargo’s Jan 15, 2025 earnings call (FY24 Q4). The transcript is searchable below (quotes of at most 25 words).

Updated

Transcript

quotes of at most 25 words

Speaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.

16 matches for “Credit Card”; 5 quoted, at least 25 words apart.

Charlie Scharfcompanyprepared · 4:08Hear it 4:05, Charlie Scharf

…and consistent with our expectations. Average loans declined throughout the year, as credit card -- as growth in credit card balances was offset by declines…

Charlie Scharfcompanyprepared · 5:47Hear it 5:47, Charlie Scharf

…our progress on the other strategic priorities that we have. Improving our credit card platform is an important strategic objective and our progress here is…

Charlie Scharfcompanyprepared · 6:11Hear it 6:05, Charlie Scharf

…customers and customers new to Wells Fargo with over 2.4 million new credit card accounts opened in 2024. We've done this while maintaining our credit…

Mike Santomassimocompanyprepared · 14:04Hear it 13:58, Mike Santomassimo

…from the third quarter with growth in commercial and industrial loans and credit card loans more than offsetting declines in most other categories. Average deposits…

Mike Santomassimocompanyprepared · 16:27Hear it 16:21, Mike Santomassimo

…85 basis points of average loans, driven by higher losses in the credit card portfolio, which was consistent with our expectations. Nonperforming assets declined 5%…

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