WFC's efforts to reduce costs and progress to fix compliance issues look encouraging. Is the stock worth investing in?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Wells Fargo (WFC) have what it takes?
Zacks.com users have recently been watching Wells Fargo (WFC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Economic uncertainty is casting a long shadow over the year ahead. Bank leaders are framing 2025 as a year of “wait and see” marked by resilience, optionality and gradual acceleration.
Wells Fargo & Company (NYSE:WFC ) Q1 2025 Earnings Conference Call April 11, 2025 10:00 AM ET Company Participants John Campbell - Director, Investor Relations Charlie Scharf - Chief Executive Officer Mike Santomassimo - Chief Financial Officer Conference Call Participants Scott Siefers - Piper Sandler Ken Usdin - Autonomous Research John McDonald - Truist Securities Steven Chubak - Wolfe Research Betsy Graseck - Morgan Stanley Ebrahim Poonawala - Bank of America John Pancari - Evercore ISI Matt O'Connor - Deutsche Bank Saul Martinez - HSBC Erika Najarian - UBS Gerard Cassidy - RBC Capital Markets Operator Welcome, and thank you for joining the Wells Fargo First Quarter 2025 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
WFC's first-quarter 2025 results reflect a rise in non-interest income and a decline in expenses.
A slew of big financial names announced their quarterly reports before the bell this morning, including Wells Fargo & Co (NYSE:WFC).
The headline numbers for Wells Fargo (WFC) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wells Fargo & Co (NYSE:WFC, ETR:NWT) shares edged lower before Friday's opening bell as the bank posted a year-over-year drop in revenue to $20.15 billion, short of analyst projections of $20.7 billion. Net Interest Income fell 6% from the year-ago quarter to $11.5 billion, attributed to lower interest rates, partially offset by reduced deposit pricing and increased balances.
Wells Fargo (WFC) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.26 per share a year ago.
Wells Fargo (WFC) reported better-than-expected quarterly earnings, though CEO Charlie Scharf said the bank is bracing for a slower economy this year amid worries President Donald Trump's tariffs could slow economic growth.
Wells Fargo booked a bigger profit in the first quarter, which ended just before President Trump's tariffs set off market turmoil.