Brief: Wells Fargo CEO Charlie Scharf Says U.S. Labor Market Continues To Cool In An Orderly But Uneven Fashion, With Few Signs Of Systemic Stress

Wells Fargo & Co

14/04/2026 15:17

April 14 (Reuters) - Wells Fargo & Co WFC.N:

WELLS FARGO CEO CHARLIE SCHARF SAYS U.S. LABOR MARKET CONTINUES TO COOL IN AN ORDERLY BUT UNEVEN FASHION, WITH FEW SIGNS OF SYSTEMIC STRESS.

WELLS FARGO CEO SPEAKING ON CONFERENCE CALL

WELLS FARGO CEO: LAYOFF ACTIVITY REMAINS CONTAINED

WELLS FARGO CEO: FINANCIAL MARKETS ABSORBED CROSS CURRENTS WITH RESILIENCE, EXPECT VOLATILITY DRIVEN BY GEOPOLITICAL HEADLINES AND IMPACT OF HIGHER COMMODITIES PRICES

WELLS FARGO CEO: ULTIMATE IMPACT ON CREDIT PERFORMANCE IS NOT YET CLEAR, GIVEN UNCERTAINTIES

WELLS FARGO CEO: THERE WILL LIKELY BE SOME ECONOMIC IMPACT, BUT THERE ARE BOTH RISKS AND POTENTIAL MITIGANTS; HARD TO PREDICT THE ULTIMATE IMPACT

WELLS FARGO CEO: LIKELY ENERGY PRICES WILL HAVE SOME IMPACT ON THE ECONOMY, BUT "WE FEEL GOOD ABOUT WHERE OUR CUSTOMERS AND OUR COMPANY STAND TODAY"

WELLS FARGO CEO ON NEW CAPITAL RULES ESTIMATES BANK'S RISK RELATED ASSETS COULD DECREASE BY ABOUT 7%

WELLS FARGO CEO ON GSIB SURCHARGE, SAYS UNDER THE CURRENT PROPOSAL, EXPECT TO REMAIN AROUND 1.5%

WELLS FARGO CFO MIKE SANTOMASSIMO SAYS IF DEMAND REMAINS STRONG, AVERAGE LOAN GROWTH COULD BE HIGHER THAN MID SINGLE DIGITS INCREASE

Further company coverage: WFC.N

 ((Reuters.Briefs@thomsonreuters.com;))