Wells Fargo's CEO is feeling optimistic about the economy and believes the recession is near the end.

Despite the feeling positive about the current state of the recession, he is still not ready to re-pay the $25 billion that U.S. taxpayers invested in the bank last fall indicating that the economy is not stable enough to forecast when the company will pay back its loan.

There are rays of hope, John Stumpf said Tuesday at Wells Fargo's annual shareholders meeting.

We are starting to see a few signs that either the rate of decline is lessening or maybe even getting to the bottom in certain markets.