Wells Fargo CFO Says Consumer Spending Picking Up

The transcript discusses Wells Fargo's unexpected expenses and restructuring charges, the economic environment's impact on consumer spending, and the role of deferral programs in loan delinquencies. It also covers balance sheet constraints and loan demand, as well as Wells Fargo's position in consumer banking and market strategy.

What factors contribute to the uncertainty in the employment environment?

How has the demand for loans changed according to the text?

What strategies is Wells Fargo implementing to adapt to the current market?