|From: kyleLennon (Rep: 0)||Date: 07/11/2018 19:19|
|Forum: Wells Fargo & Company - Msg #1259||Thread #674020700 (Rec: 0) |
|Wells Fargo is the top deposit gatherer in the United States. Its strategy rests on deep customer relationships, sound risk management, and operational excellence. Wells Fargo consistently paid less for balance sheet funding than most of its competitors over the past decade, and has also generated more revenue per dollar of assets than most peers over time, because of a loyal base of longtime customers.|
Unlike its major competitors, Wells is not a top player in the capital markets. Its business model is more akin to regional banks than to money center institutions. Wells Fargo generates less than half the investment banking fees of companies like JPMorgan Chase, Goldman Sachs, and Bank of America, and trading gains made up only a small percentage of noninterest income.
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