Wells Fargo, Net Interest Income and Cuts Guidance
Digest more
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 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.
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.