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Wells Fargo’s Credit Growth Lags behind Peers’

Robert Karr
Wells Fargo’s Credit Growth Lags behind Peers’

Wells Fargo’s (WFC) operating performance has been volatile since 2017, with no major growth. The bank has lagged behind major banking peers (XLF) in terms of credit growth and non-interest trading and advisory income. It has been grappling with compliance and fraud-related issues, costing it corporate clients. Wells Fargo has deployed strict underwriting guidelines on the lending front, slowing its balance sheet expansion.