Wells Fargo Quotes

I don't know the extent to which they do business [ in Wells Fargo]. I just want to see how this thing continues to unfold and if they have a legitimately major change in their culture.

Everybody who was involved in that culture [Wells Fargo] should be held accountable.

There is no way they should walk out of that place [Wells Fargo] with millions, tens of millions, tens and tens of millions of dollars, when innocent people who actually flagged this culture of conceit and culture of rip off should've been fired while the people who were doing it somehow are able to just resign and reap the big reward. It's just an outrage. It's people who have forgotten decent values towards other people.

I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very successfully building its U.S. investment bank.

I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.

They have a new CEO in Wells Fargo . I don't know much about him. The lady who was involved to some degree in the shenanigans along with the CEO are gone. So I need to see where things stand before we go any farther at this point.

Wells Fargo behaves better than the average big bank. But nobody's perfect.

Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.

It's an individual morality in values that matters in these companies [like Wells Fargo]. I mean, they ought to clean house. And they ought to figure out how to claw back all this money. That is a given. In terms of additional laws, there are reasonable approaches to this, but I'd have to see what they are. I'm not a federal lawmaker.

I remember going into a raggedy studio, still with my work uniform on. At the time, I was driving money trucks for Wells Fargo, so I had my gun and hat, which weighed me down in the heat. It was 97 degrees here in New York, and they had to turn the air conditioner off because it was too loud. So, I say, "Damn, it's hot in here!" That's how we came up with the song, "Damn, It's Hot." It was from our soul. We just got together, sang and made our own lyrics.

I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.