×

BRIEF-Wells Fargo CEO john stumpf says bank's credit quality reflects improving U.S. housing market

Oct 12 (Reuters) - Wells Fargo & Co :

* CEO john stumpf says bank's credit quality reflects improving U.S. housing

market

* Executives speaking on earnings conference call

* CFO tim sloan says core loan portfolio has grown for eight consecutive

quarters

* CFO sloan says bank decided to retain $9.8 b in conforming mortgages because

higher yielding than securities

* CFO says bank expects continued nim pressure, but 3q decline 'not

representative' of what bank expects in future

* CFO says bank's litigation reserves include recently announce fha lawsuit