Senior Equity Research Analyst at Wells Fargo Securities
Christopher Harris is a Senior Equity Research Analyst at Wells Fargo Securities specializing in the financial sector, with coverage of major companies including BlackRock and AMTD IDEA. He is recognized for his strong track record, achieving a 63% success rate and an average return of 10.3% per recommendation, ranking him among top-performing analysts on TipRanks. Harris began his career after earning an MBA in 2005 and has held analyst roles at Wells Fargo Securities and its predecessor entities over the past two decades. He holds a master's degree in business administration and maintains relevant securities industry credentials.
Christopher Harris from Wells Fargo Securities questioned the outlook for Bank Deposit Account (BDA) balance growth, noting a decline in the quarter and in June.
EVP & CFO Stephen Boyle acknowledged mixed indicators but pointed out that BDA balances increased from May to June and again from June to July. He expressed optimism that pressure on balances should abate with potential interest rate cuts.