Wells Fargo CFO Details Cost Cuts, Recovery From Scandal

The transcript discusses Wells Fargo's handling of fraudulent account issues, the impact of macroeconomic factors like interest rates on lending, and the strategic decision to close branches. Despite challenges, the core business remains strong, with a focus on adapting to new systems and customer preferences.

What impact did the fraudulent account scandal have on future growth rates?

What are the expectations regarding the mortgage lending market in the context of rising interest rates?

How is the branch reduction strategy reflective of customer preferences?