Wells CFO John Shrewsberry (left) and CEO John Stumpf
REALISTIC, YET UPBEAT: "It is a more competitive environment," Wells CFO John Shrewsberry (left) told analysts. But "economic growth is accelerating" and should help propel the company, CEO John Stumpf says.
The San Francisco bank posted strong growth in commercial loans in the second quarter, which may bode well for other banks that concentrate on business lending, but it wasn't enough to prevent questions about how Wells will be able to maintain its performance in the face of stepped-up competition from other lenders.

Top Stories

For the sanity of the IT department and to ease regulators' concerns, more banks are looking at mobile device management software to manage, secure and back up employees' phones and tablets. Increasingly workers want to use their personal devices for work, too.  more »
Reducing the number of Home Loan banks would lower the cost of advances for community banks, leaving them with more money to lend out to their communities.  more »
John Delaney, D-Md., John Carney, D-Del., and Jim Himes, D-Conn., introduced a new housing bill Thursday designed to provide an explicit government backstop for the market but still increase private sector participation.  read more »
Disruptors
7 Payment Branding Blunders
What's in a name? Many payment companies have struggled with this question, finding out too late that the name they chose sent the wrong message or was rendered unusable by situations outside the brand's control.  read more »
Partner Insights
The percentage of U.S. consumers who are late on their loan payments remained at near-record lows in the first quarter, though a key figure rose slightly from the fourth quarter. Meanwhile, payments on home equity lines fell to their lowest level in five years, according to a new ABA report.  read more »
Berkshire Hills Bancorp recently recruited William Ryan, retired TD Banknorth CEO, leading some observers to discuss what role he might play in the Massachusetts company's growth plans.  read more »
Video
Player Template for http://www.americanbanker.com
Marketplace
Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry.
Learn More
Informa Research Services is the premier provider of competitive intelligence, mystery shopping, and compliance testing services to the financial industry.
Learn More
CSC is a leader in private-label, third-party loan servicing with 30+ years of proven experience in delivering effective, cost-effective solutions.
Learn More
Already a subscriber? Log in here
Please note you must now log in with your email address and password.