trending Market Intelligence /marketintelligence/en/news-insights/trending/y85h0heGIaXzb6Pb8f4o7Q2 content esgSubNav
In This List

DBRS Morningstar confirms Wells Fargo

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines


DBRS Morningstar confirms Wells Fargo

DBRS Morningstar confirmed Wells Fargo & Co.'s ratings, including its long-term issuer rating of AA (low).

The rating agency also confirmed the ratings of Wells Fargo Bank NA, including the AA long-term senior debt rating. The trend on all ratings is stable.

DBRS Morningstar said the banking giant's performance remains solid despite the fallout originally stemming from the sales practices scandal. The rating agency said Wells Fargo maintained "strong market shares" in its businesses, including "continued momentum" in new checking accounts and deposits.

The rating agency also views positively the hiring of Charles Scharf as CEO.