Is CIB a competitive LOB

Been seeing some roles on various jobs board which are mainly in risk, controls, trading technology and some business management/pm type of roles. Wondering how is this LOB compared to the larger banks ? I am considering applying but when I went through the recent financials the Wells Fargo CIB business looks embarrassing compared to the likes of JPM, Citi, BOA etc.

I have heard that they want to grow this space but their technology and front line staff are majority Wachovia which are not competitive in todays day and age where scale and technology ends up being a huge differentiator, especially for sales and trading

Additionally, when it comes to traditional investment banking it seems like Wells Fargo is not even on the list.

Are there layoffs in this business ? I doubt how this LOB will grow given the cost pressures for Wells, Charlie’s non CIB background and the overall low rankings in the league tables. Any insight would be appreciated.

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Is WF CIB ever going to be JPM? No. Can they continue to grow significantly, especially post asset cap? Yes. Are they they only WF LOB that is somewhat hitting needed efficiency ratios? Yes.

It’s not the best in the industry, and never will be, but it’s not going anywhere, and 5-10 years from now should be reasonably larger.

@1vrc+1f0f1hDB Huh? WFC as a whole brought in that revenue number. If you look at the earnings release, CIB actually contributed the least to the overall company P/L results. WFC is not a big player in CIB

CIB brought in Revenue of $20.8 billion for the 4th quarter of 2021…

Sounds competitive to me

They want to grow it because it's a big hedge for when other segments lag. But yeah, tough to compare to JPM and MS etc

CIB is hamstrung by the asset cap. The bank has been shifting assets away from CIB to accommodate growth in the retail bank.

If the asset cap gets lifted CIB will immediately become a big WF growth engine.

Right now the bank is just sitting on it, keeping it smoldering until they can pour gas on it.

No, it is not. Plus acquisitions not an option given the regulatory stance of the firm... should have been done years ago. Now it is way too late.

Thread regarding Wells Fargo & Co. layoffs

Is CIB a competitive LOB

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