Wells Fargo CFO Mike Santomassimo Says Year-Over-Year Average Loan Growth In Fourth Quarter Will Likely Be Higher

July 14 (Reuters) - Wells Fargo & Co WFC.N:

• Wells Fargo CEO Charlie Scharf says broad set of products, including credit cards, investments, and mortgages, should drive low-cost deposits higher over time
• Wells Fargo CEO Scharf speaking on conference call
• Wells Fargo CFO Mike Santomassimo says year-over-year average loan growth in fourth quarter will likely be higher
• Wells Fargo's Santomassimo: expect second half revenue-related expenses to be somewhat higher than expected at the beginning of the year
• Wells Fargo's Santomassimo: don't expect to see the market balance sheet to grow at the same pace
• Wells Fargo's Santomassimo: investment banking pipeline quite strong