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Stock impact report

Wells Fargo chases lead bank role for middle-market clients [Yahoo! Finance]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Yahoo! Finance
This story was originally published on Banking Dive . To receive daily news and insights, subscribe to our free daily Banking Dive newsletter As competition to serve middle-market companies heats up, Wells Fargo is angling to secure the lead bank role for those commercial clients. To further that goal, the San Francisco-based lender is focused on refining its product offerings and coverage model to address the needs of both lower middle-market businesses — generating $10 million to $50 million in annual revenue — and upper middle-market companies, with $100 million to $1 billion in annual revenue, said Jessica Murphy, Southeast division executive in Wells' commercial bank. Snagging commercial customers earlier in their business journey and deepening those relationships as they grow is a focus for Murphy. While companies on the smaller end of the middle market tend to work with one bank, larger firms may have syndicated bank groups. Needing more than a current provider offers Show less Read more
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