Wells Fargo CFO Michael Santomassimo said Tuesday there's "good momentum across the investment banking business," including IPOs.
Alexander Yokum, CFRA Banking analyst, joins 'Closing Bell Overtime' to talk what to expect from upcoming bank earnings.
Wells Fargo & Company (NYSE:WFC ) Q2 2025 Earnings Conference Call July 15, 2025 10:00 AM ET Company Participants Charles W. Scharf - President, CEO & Director John M.
Wells Fargo is looking to grow after the Federal Reserve's June 3 removal of the asset cap imposed on the bank in 2018. CEO Charlie Scharf said in a Tuesday (July 15) earnings release that Wells Fargo is “a far stronger company today because of the work we've done.
WFC tops Q2 estimates as higher non-interest income and lower credit losses offset NII pressure and rising expenses.
Another earnings season unofficially began before the bell today, with Citigroup Inc (NYSE:C) and Wells Fargo & Co (NYSE:WFC) kicking the floodgates open.
Wells Fargo (WFC) on Tuesday lowered its outlook for net interest income, a key measure of profitability, sending shares lower in premarket trading.
Wells Fargo (WFC) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.33 per share a year ago.
Wells Fargo (NYSE:WFC) is scheduled to disclose its earnings on July 15, which will be the first earnings report since the Federal Reserve removed the bank's long-standing $1.95 trillion asset cap in late May. Although the removal of the asset cap is a substantial long-term benefit, its effect on Q2 results is expected to be minimal, as it will require time for Wells Fargo to increase lending, deposit acquisition, and other asset-generating activities.
Wells Fargo reportedly sees signs of an economic slowdown, with job creation slowing and inflation expected to rise.
With WFC asset cap lifted and Q2 earnings due, it may be poised for growth, but should investors wait to act? Let us find out.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Wells Fargo (WFC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2025.