Notes from Wells Fargo's investor day

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

The bank is targeting a payout ratio of 55-75% vs. a previous range of 50-65%. The efficiency ratio remains in the 55-59% range, as does ROE of 12-15%, and ROA of 1.3-1.6%.

CFO John Shrewsberry's presentation slides

More from Shrewsberry: Expect loan growth to continue at a faster pace than GDP growth, the bank is well-positioned for rising rates, mortgage production revenue should stabilize and WFC is well-positioned for non-mortgage fee growth, and strong credit results (and reserve releases) should continue.

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