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.

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