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Wells Fargo profit beats estimates, cut to interest income forecast weighs on shares
Wells Fargo beat second-quarter profit estimates on Tuesday but cut its 2025 guidance for net interest income, sending the shares of the lender down 1.2% in trading before the bell. The bank expects its interest income to be roughly in line with the 2024 level of $47.
Erika Najarian, large cap banks analyst at UBS Securities, joins CNBC’s ‘Squawk on the Street’ to discuss her reaction to ...
Wells Fargo said Tuesday that it expects 2025 net interest income to be roughly in line with the $47.7 billion of net ...
The bank has closed seven regulatory punishments, known as consent orders, this year and 13 since 2019. It still has one ...
Wells Fargo raises Microsoft’s price target to $600 ahead of its July 30 earnings, citing strong AI momentum and robust ...
A jump in fee income helped the San Francisco-based bank boost second-quarter earnings per share by 20% from a year ago.
Wells Fargo reported a rise in profits for the second quarter as it allocated less for potential bad loans. Despite a setback ...
Wall Street has become too optimistic — once again — about the likelihood of rate cuts from the Federal Reserve, according to ...
Morgan Stanley , Goldman Sachs and Wells Fargo will pay a total of $120 million to settle a lawsuit claiming they hid ...
Wells Fargo (NYSE:WFC) stock dipped 2.1% in Tuesday premarket trading after the bank trimmed its 2025 net interest income ...
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