Episode Details

The asset cap is finally history, but Wells Fargo didn’t exactly take a victory lap in Q4.

Susie and Miro unpack a messy quarter where Net Interest Income defied industry trends (up 3%!), yet a 53% spike in credit provisions sent investors running.

We dig into the contradictions: why is the bank cutting thousands of jobs while guiding for higher expenses in 2026? And what does the massive 50% jump in trading assets tell us about Charlie Scharf’s new, riskier strategy?

The sleeping giant is awake, but it might be stumbling out of the gate. Tune in to understand the pivot from "safe buybacks" to "expensive growth." 🏦📉