WFC Wells Fargo and Company

  By Emily Glazer 
 

Wells Fargo & Co. (WFC) doesn't intend to grow its investment bank beyond the United States, though it hopes to boost its market share in the next few years, Chief Financial Officer John Shrewsberry said at a financial services conference in New York on Wednesday morning.

"We're very U.S.-centric," the new CFO said during his second public presentation. "We're likely to largely remain that way."

But Wells Fargo has an opportunity to grow its market share beyond the 6% it currently holds, he said, and is likely to "pick up a couple of points" without drastically changing its risk model.

Write to Emily Glazer at emily.glazer@wsj.com

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