Q2 Earnings Snapshot
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Wells Fargo Stock Tumbles
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Wells Fargo only derived 56% of its Q2 2025 revenues from net interest income, highlighting the bank's topline resilience in the face of looming Fed
Wells Fargo beat Q2 earnings estimates with $1.60 EPS, lifted by strong fee income, while net interest income declined and guidance was lowered.
US banking giants beat Q2 forecasts as investment banking rebounds, though concerns remain over trade policy and macroeconomic conditions.
JPMorgan Chase and Wells Fargo saw a surge in mortgage originations in Q2 2025, but the gains in volume came with lower margins.
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Wells Fargo & Company (NYSE:WFC) reported better-than-expected top and bottom line for the second quarter, but its net interest income (NII) fell short of expectations, pushing its shares slightly lower in the premarket trade Tuesday.
S&P 500 EPS growth is expected to come in at 4.8% for Q2, which would be the lowest growth rate since Q4 2023.
Revenue came in at $20.8 billion, up about 1% from the same time last year. That modest gain was mostly thanks to a 4% increase in noninterest income. Net interest income, on the other hand, slipped a bit, something that’s becoming a trend across banks with tighter margins.