Wells Fargo & Co. Stock News

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 (WFC -0.67%), one of America's largest banks, released its Q1 2025 earnings on April 11. The key highlight was the earnings per share (EPS), which stood at $1.39, surpassing analysts' expectations of $1.23 by $0.16, a 13% beat.

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 Resea...

Executives from across the banking industry spoke on Friday about the uncertainty surrounding the Trump administration's tariffs, the stock market, and the possibility of a recession.

A slew of big financial names announced their quarterly reports before the bell this morning, including Wells Fargo & Co (NYSE:WFC).

Profits at major U.S. banks beat forecasts in the first quarter as stock trading jumped, but executives warned on Friday that sweeping tariffs could fuel risks and weigh on economic growth.

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) 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.