(Bloomberg) -- Wells Fargo's wealth- and investment-management business has the potential to earn multiples of what it brings in now, making it the largest growth opportunity for the world's biggest bank by market capitalization, CEO John Stumpf said.
The division earns about $2.5 billion in profit annually and could make "a number of factors times that," Stumpf said Tuesday at an investor conference in New York. The business boasts margins of more than 25%, he said.
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