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Wells Fargo Surpasses $2 Trillion in Assets, Beats Earnings

10/20/2025

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Summary

Story summary

Wells Fargo & Company reported strong third-quarter earnings, exceeding analyst expectations for revenue and profit.
Following the lifting of a seven-year asset cap, Wells Fargo's total assets surpassed $2 trillion.
Wells Fargo announced a new medium-term profitability target of 17%-18% ROTCE, aligning with JPMorgan Chase.
The loan portfolio grew as credit loss provisions decreased, signaling improved credit quality.

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Story summary

Wells Fargo & Company reported strong third-quarter earnings, exceeding analyst expectations for revenue and profit.
Following the lifting of a seven-year asset cap, Wells Fargo's total assets surpassed $2 trillion.
Wells Fargo announced a new medium-term profitability target of 17%-18% ROTCE, aligning with JPMorgan Chase.
The loan portfolio grew as credit loss provisions decreased, signaling improved credit quality.