Wells Fargo & Company (NYSE:WFC) Morgan Stanley US Financials, Payments & CRE Conference June 10, 2025 9:00 AM ET
Company Participants
Michael P. Santomassimo – Senior EVP & CFO
Conference Call Participants
Betsy Lynn Graseck – Morgan Stanley, Research Division
Betsy Lynn Graseck
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Okay. With that out of the way, we are so delighted to have with us today Mike Santomassimo, Chief Financial Officer of Wells Fargo. Mike, thank you so much for joining us today. And congratulations on exiting the asset cap.
Michael P. Santomassimo
Right. Thanks for having me. We’re excited.
Betsy Lynn Graseck
How did that feel?
Michael P. Santomassimo
Yes. It was — it’s great, right? And like, look, it’s the culmination of just years and years’ worth of work across thousands of people across the company. And so we’re proud of all the work everyone did, and we’re thankful for all the efforts that people put in over a long period of time. And so hopefully, now with all of the other consent orders that were terminated throughout the year and over the last number of years, it feels like a very different sort of place. And I think that — we’re a very different company than we were 5, 6 years ago. And so we’re excited about what’s next. .
Betsy Lynn Graseck
Okay. The asset cap was in place for 7 years, right? And this just came off last week.
Michael P. Santomassimo
Yes. Tuesday. Yes. I think. Yes.
Question-and-Answer Session
Betsy Lynn
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