Wells Fargo's Braunstein on M&A, Expansion and Hiring

The transcript discusses recent M&A deals and the factors driving future activity, focusing on Wells Fargo's strategy to expand its investment banking operations. Key factors include economic conditions, capital markets, and stock performance. The discussion also covers Wells Fargo's approach to balancing middle market and large cap strategies, the competitive landscape, and the impact of regulatory changes. The role of M&A in driving other financial services is highlighted, with an emphasis on growth opportunities in 2025.

How does the competitive landscape for middle market relationships affect Wells Fargo?

What are the implications of the new administration's approach to regulation for M&A activity?

In what ways does M&A drive other parts of the capital markets business?

What expectations does Wells Fargo have for the equity capital markets in 2025?