Wells Fargo CFO: Energy Defaults No Worse Than Expected

The video discusses the potential spread of credit stress from the energy sector to other market areas, focusing on default rates and economic indicators. It examines consumer and commercial risks, particularly in regions tied to the energy industry, and highlights the current state of consumer credit risk, which remains stable. The discussion also covers market-specific real estate risks and concludes with an analysis of the US consumer's strength, supported by positive economic data and strong performance in mortgages and auto loans.

What are the implications of unemployment on consumer credit in energy-dependent areas?

What is the current status of consumer credit risk according to the text?