trending Market Intelligence /marketintelligence/en/news-insights/trending/bkOPs-zv_qNL7F8vl47jcw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Wells Fargo CFO sees 'late-cycle' behavior in CRE

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


Wells Fargo CFO sees 'late-cycle' behavior in CRE

Wells Fargo & Co. CFO John Shrewsberry said the bank is seeing evidence of late-cycle behavior in commercial real estate with increasing competition from nonbanks.

In the third quarter, the bank reported a $2.2 billion linked-quarter decline in its commercial real estate loans, weighing on loan growth. On the bank's Oct. 15 earnings call, Shrewsberry said investors and analysts should expect the bank to remain cautious on the sector.

"That really is one market where there's late-cycle behavior, there's lots of nonbank competitors. There are more nonbank competitors than bank competitors, so we really have to pick our spots in order to maintain our risk/rewards," he said. "It's also one of those areas where, frankly, your weakest loans end up getting refinanced away from you, which is also late-cycle behavior."

At the same time, Shrewsberry said the bank's commitments for construction financing were up in the third quarter, which should contribute to funded loans in the fourth quarter.