Wells Fargo CFO Says Delinquencies Are Trending Down

BloombergTuesday, October 14, 2025 at 7:28:36 PM
Wells Fargo CFO Says Delinquencies Are Trending Down
Wells Fargo's CFO Mike Santomassimo recently shared encouraging news about the bank's financial health, noting that delinquencies are trending down. This is significant as it reflects improved customer repayment behavior and positions the bank for a stronger return on tangible common equity, now targeted at 17% to 18%. This upward revision from the previous 15% guidance indicates confidence in the bank's cost-cutting strategies and overall performance, which is good news for investors and customers alike.
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