“It is just a matter of time before that more meaningfully contributes to profitability, and you will start to see a little of that this year as the earliest vintages mature.”

How to check this claim

Look at: Segment/business profitability contribution from the referenced initiative's early vintages, as described in management commentary

It came true if: Management reports or financial disclosures indicate a visible improvement in profitability contribution from the early vintages during fiscal year 2026, versus prior year

Where: Company quarterly earnings calls and 10-Q/10-K disclosures (management commentary on segment performance), fiscal year 2026

Verify independently

SEC filings for WFC ↗ · Claim quote is verbatim from the 2026Q1 earnings call.