Wells Fargo CFO Sees Doubling Investment-Banking Fees in 5 Years

John ShrewsberryPhotographer: Dania Maxwell/Bloomberg
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Wells Fargo & Co. Chief Financial Officer John Shrewsberry isn’t giving up on the bank’s ambitions for investment-banking growth.

A year ago, Shrewsberry said the San Francisco-based lender could more than double its revenue from that business to as much as $5 billion annually. Now he’s giving a timeline.