Back to today’s briefing

Story perspectives

Wells Fargo Q4 Earnings Beat Estimates, Shares Rise

1/16/2025

41 5

Summary

Story summary

Wells Fargo shares increased following Q4 earnings, reporting adjusted EPS of $1.58, exceeding the $1.35 estimate.
Total revenue declined 0.5% year-over-year to $20.38 billion, falling short of the $20.59 billion forecast.
The bank anticipates a 1-3% rise in net interest income by 2025, with minor expense reductions.
CEO Charlie Scharf focuses on enhancing profitability and decreasing dependence on net interest income.

1 of 1

Story summary

Wells Fargo shares increased following Q4 earnings, reporting adjusted EPS of $1.58, exceeding the $1.35 estimate.
Total revenue declined 0.5% year-over-year to $20.38 billion, falling short of the $20.59 billion forecast.
The bank anticipates a 1-3% rise in net interest income by 2025, with minor expense reductions.
CEO Charlie Scharf focuses on enhancing profitability and decreasing dependence on net interest income.