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 said its profit rose in the second quarter, in which a years-long restriction on growth at the bank was lifted by the Federal Reserve.
Wells Fargo posted net interest income, or NII, of $12.23 billion, which was below Wall Street expectations of $12.37 billion. In the same period last year, the bank posted.