CLAIM #63184 · Wells Fargo & Company (WFC) · 2025Q2 earnings call · Jul 15, 2025 · due Dec 31, 2025
“Hopefully, we'll start to see some of the commercial bank customers borrow a little bit more as well.”
Michael Santomassimo · CFO
In context
“ide, we're not, you know, on the mortgage portfolio, we expect that'll likely just, you know, continue to come down just a little bit in the second half. I think you should see a little bit of growth in card. Some of that seasonality in terms of, you know, what happens as you go third and fourth quarter spending. And then we started to see some growth in auto, small, but started to see that turn. So, hopefully, that will continue to grow in the second half of the year. But relatively modest in the overall balance sheet. On the commercial side, we do expect to see some, you know, modest growth as we go into the rest of the year. I think it likely comes from the same places, at least in, you know, at least as we come into the third quarter, you know, mostly in the corporate investment bank. Hopefully, we'll start to see some of the commercial bank customers borrow a little bit more as well. But I'd say overall, still relatively modest. But as you get to the end of the year, you know, hopefully, you know, if things play out, we'll start to see a little bit more activity more broadly. John Pancari: Okay. And then maybe you could just give us your thoughts in terms of total revenue. I know you don't give total revenue guidance, but just maybe when you look at your own internal projections and budgeting, how is the revenue outlook for this year shaping up? What are the puts and takes relevant to your expectations if we think about the year so far? Mike Santomassimo: Yeah. No. It's a, you know, as you sort of break apart, like, the pieces, you know, we talked a bit about where NII is coming out at this point. I think when you look at the fee side, you know, the biggest, you know,”
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SEC filings for WFC ↗ · Claim quote is verbatim from the 2025Q2 earnings call.