Wells Fargo CFO: We feel better about the year's forecast than we did in January
Michael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss why there isn't a higher forecast for net interest incomeΒ ...
Senior EVP & CEO of Corporate & Investment Banking, Wells Fargo
Search every verified Fernando Rivas interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Fernando Rivas, Senior EVP & CEO of Corporate & Investment Banking at Wells Fargo, was referenced in a September 2024 interview with CFO Michael Santomassimo. Santomassimo discussed the bank's trading and investment banking performance, noting that the trading business had shown "good, consistent performance" for four or five quarters, partly due to market volatility and investments in people and capabilities. He added that the first quarter can be seasonally high and not a run rate. Regarding investment banking, Santomassimo said the bank saw "a large amount of activity," including some M&A activity off a low base, though he described the business as "episodic" and noted some activity may have been pulled forward from later in the year.
Michael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss why there isn't a higher forecast for net interest incomeΒ ...
Sign in to search the full transcript archive, filter by topic, and access every quote from Fernando Rivas.