As economic growth is likely to be subdued, the lending scenario is not expected to improve much in 2025 from 2024. With interest rates remaining high for long, the operating backdrop for WFC will likely be challenging. Weak asset quality will continue to be a major headwind this year, as borrowers may find it difficult to repay loans.Hence, Wells Fargo may witness modest growth in the near term. Management expects the 2025 NII to be 1-3% higher than that reported in 2024.Other Factors Aiding WFCProgress to Fix Compliance Issues: Under the leadership of CEO Charlie Scharf, Wells Fargo is strengthening its compliance framework. The bank's improved risk management techniques have received regulatory approval, with progress closely monitored by its operating committee.The company has managed to close six regulatory actions this year and 12 since 2019.