Wells Fargo, Net Interest Income and Cuts Guidance
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Shares of Wells Fargo & Co. fell in early Tuesday, after the bank reported second-quarter profit and revenue that rose above expectations but missed on net interest income (NII) and cut its full-year growth outlook.
Wells Fargo on Tuesday lowered its outlook net interest income, a key measure of profitability, sending shares lower.
Wells Fargo & Company (NYSE:WFC) shares dipped after the banking giant reported mixed second-quarter 2025 earnings. While the company surpassed analyst expectations for earnings per share and revenue,
Wells Fargo beat Q2 earnings estimates with $1.60 EPS, lifted by strong fee income, while net interest income declined and guidance was lowered.
Wells Fargo surpassed second-quarter profit expectations but revised its net interest income forecast for 2025, causing shares to drop by over 5%. The bank cites uncertainty and elevated interest rates as factors.