Wells Fargo says continues to see ‘good momentum’ from Wells Fargo Premier

Says continuing to invest in businesses. Says continues to take disciplined approach to expenses. Says maintained strong credit discipline. Says lifting of asset cap marks ‘pivotal milestone in transformation’. Says will continue to move forward with risk and control agenda. Says able to move forward more aggressively for consumers and businesses. Says has opportunity to think more broadly about use of balance sheet. Says committed to continuing to maintain a strong capital position. Says continues to make significant investments in core business. Says had strong auto originations in Q2. Says on track to have half of branch network refurbished by year-end. Says continuing to invest in top talent. Says consumers and businesses ‘remain strong’. Says credit card spending growth ‘softened slightly’ in Q2. Comments taken from Q2 earnings conference call.