Wells Fargo Couldn’t ‘Care Less’ as It Climbs League Tables

Wells Fargo & Co. is overtaking competitors in the ranks of investment banking and capital markets, and its leader says he couldn’t “care less.”

“We think of investment banking or capital markets as another product, another arrow we have in our quiver,” Chief Executive Officer John Stumpf said during a conference call yesterday in response to an analyst’s question. “I’m not driven by league tables around here.”