Shrewsberry: Wells Fargo Can Take Time to Fix Issues

The transcript discusses the financial challenges faced by Wells Fargo due to fraudulent account openings, leading to increased expenses and pressure on ROI. It highlights the bank's efficiency ratio and the need to manage expenses in a low-interest-rate environment. The conversation also covers litigation costs and the bank's commitment to transparency with investors. Additionally, the transcript explores Wells Fargo's strategy in investment banking and trading, emphasizing a balanced business model and risk management.

What factors are contributing to the pressure on ROI mentioned in the text?

What is the significance of the 11.6% return on equity for Wells Fargo?

How does the efficiency ratio relate to the expenses and revenue of banks?

What challenges does Wells Fargo face regarding litigation costs?

In what ways does Wells Fargo plan to maintain a balanced business model?