Wells Fargo CFO Mike Santomassimo Talks Quarterly Results

Mike Santomassimo, CFO of Wells Fargo, shares his insights into the bank’s impressive quarterly results and the impact of shifting interest rates. He discusses how changes in Federal Reserve policies influence client behavior, particularly regarding cash management. Santomassimo also addresses factors affecting future loan growth and the bank's navigation through regulatory challenges. The conversation delves into cautious strategies in client trading and the state of the commercial real estate market, especially in relation to office spaces.