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Wells Fargo’s tech spend up and headcount down in Q3

Active mobile users jumped 5%

Whitney McDonaldbyWhitney McDonald
October 11, 2024
in Retail Banking
Reading Time: 4 mins read
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Wells Fargo trimmed its staff and total costs in the third quarter, with efficiency in mind.  “We have maintained strong credit discipline and driven significant operating efficiencies in the company while investing heavily to build a risk and control infrastructure appropriate for a bank of our size,” Chief Executive Charlie Scharf said during today’s Q3 […]

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Tags: earningsefficiencyPremiumWells Fargo
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