Wells Fargo is heading into the final quarter of the year sounding bullish about its wealth business, with CEO Charlie Scharf saying the segment is beginning to gather momentum after a period of stagnation.
“Our wealth business—no question, [it] treaded water for a long period of time,” Scharf told analysts on a conference call reporting the company’s earnings for the third quarter. “We’re attracting people and teams, we’re rolling out new products, so we feel really good about the opportunities that are there.”
If…
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