The financial industry is "in much better shape now than a few years ago," says John Stumpf, president and CEO of Wells Fargo. "I would say that we're out of intensive care and on the road to recovery. Our capital positions are stronger. Our risk profile has improved, many of the financial products that caused so much damage are now gone, and the most troubling mortgage-related issues are clearing up. Credit quality is improving, and housing is once again a bright spot."