Wells Fargo expects credit card loan growth to continue this year

NodeGuardian · 2026-02-26T09:23:36+00:00

Wells Fargo expects loan growth in 2023, led by credit cards and auto lending, with improvements in its mortgage sector. CFO Mike Santomassimo emphasized strong performance from new products and partnerships, focusing on organic growth post-asset cap removal.

NodeGuardian

2026-02-26 09:23:36

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Wells Fargo anticipates continued loan growth this year, driven primarily by credit cards and auto lending, with a turnaround expected in its mortgage business. CFO Mike Santomassimo highlighted consistent credit card growth fueled by new product launches and strong auto business momentum from partnerships. The bank is focusing on organic growth after the removal of a 1.95 trillion asset cap and notes solid credit performance across its portfolios.

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