Wells Fargo CEO John Stumpf speaks at the Bay Area Council Outlook Conference on May 17, 2016 in San Francisco, California. On Tuesday, the third-biggest U.S. bank by assets lowered its forecast for return on equity to a range of 11 percent to 14 percent.
Wells Fargo CEO John Stumpf speaks at the Bay Area Council Outlook Conference on May 17, 2016 in San Francisco, California. On Tuesday, the third-biggest U.S. bank by assets lowered its forecast for return on equity to a range of 11 percent to 14 percent. Justin Sullivan Getty Images
Wells Fargo CEO John Stumpf speaks at the Bay Area Council Outlook Conference on May 17, 2016 in San Francisco, California. On Tuesday, the third-biggest U.S. bank by assets lowered its forecast for return on equity to a range of 11 percent to 14 percent. Justin Sullivan Getty Images

Wells Fargo lowers return forecast, predicts energy stress at investor day

May 24, 2016 11:46 AM