CLAIM #63294 · Wells Fargo & Company (WFC) · 2025Q4 earnings call · Jan 14, 2026 · due Dec 31, 2026
“I do expect us to see some growth in the consumer deposit base. And I think you'll start to see that relationship between deposits and GDP start to move in sync again hopefully over time.”
Michael Santomassimo · CFO
How to check this claim
Look at: Consumer deposit balances, year-over-year growth rate, as reported by Wells Fargo
It came true if: Year-over-year consumer deposit growth > 1% (the previously reported rate), indicating positive growth trend
Where: Company quarterly earnings release / 10-Q consumer banking deposit disclosures
In context
“uld be quite constructive for a lot of the fee lines as we look at them. Operator: The next question will come from Chris McGratty of KBW. Christopher McGratty: Mike, on the consumer deposit growth, just to follow back on the prior question. It was about 1% year-on-year. I'm interested now that rates have come down and excess liquidity has kind of been pulled. Like is this a GDP or GDP plus opportunity for deposit growth over the medium term? Michael Santomassimo: Yes. I mean, look, I think for us, it's now that we're able to kind of more aggressively in a much more front-footed way, deploy marketing and get our branch system to be more productive, hopefully, over time, we'll be able to see outsized growth there. But I do expect that we'll -- that will not be kind of a linear path up. But I do expect us to see some growth in the consumer deposit base. And I think you'll start to see that relationship between deposits and GDP start to move in sync again hopefully over time. It's been a lit bit... Charles Scharf: Like remember, our -- we believe based upon who -- what the franchise is and the benefits that we bring that we should be able to grow faster than the market over time. And we're working hard to reinvigorate the business, which was really hard hit by all the issues that we've been that we've gone through, not just the actual cap itself, but like how it limited the things that we could do internally. And so that's something that you build up over a period of time. But we think the opportunity is to be able to, over time, grow faster than the market and to take share in a profitable way. Christopher McGratty: Great. And then just coming back to the -- I think you said 185 coverage bankers over the past 2 years. Is the pace of -- or the opportunities fo”
Verify independently
SEC filings for WFC ↗ · Claim quote is verbatim from the 2025Q4 earnings call.