The earnings call reflected a balanced sentiment with notable achievements in earnings growth, credit performance, and strategic progress being offset by challenges such as declines in net interest income, economic uncertainty, and regulatory impacts. While the company is making progress in its strategic priorities and capital return, it faces headwinds from a volatile economic environment and regulatory uncertainties.

Company Guidance -

Q2 2025

During the Wells Fargo & Company First Quarter 2025 Earnings Conference Call, the company reported a 16% increase in diluted earnings per share year-over-year. Despite a decline in revenue due to lower net interest income, Wells Fargo saw growth in fee-based revenue across various businesses. The company returned $4.8 billion to shareholders through dividends and share repurchases, while its diluted average common shares outstanding decreased by 8% from the previous year. The bank's credit performance improved, with net charge-offs lower than both the previous year and the fourth quarter. Expenses were reduced as part of efficiency initiatives, and strong credit discipline was maintained. Strategic priorities included the termination of five consent orders in the first quarter, contributing to a total of eleven terminations since 2019, and significant progress in risk and control work. The company also noted growth in its card business, increased collaboration in wealth and investment management, and strong investment banking fee generation. Looking forward, Wells Fargo expects modest economic growth in 2025, with potential impacts from regulatory changes and trade policies, but remains confident in its strong balance sheet and ability to support customers.

Increase in Diluted Earnings Per Share

Diluted earnings per share increased by 16% from a year ago, reflecting solid performance despite revenue decline from lower net interest income.

Capital Return to Shareholders

Returned $4.8 billion of capital to shareholders through dividends and share repurchases, with diluted average common shares outstanding down 8% from a year ago.

Credit Performance Improvement

Credit performance improved with lower net charge-offs driven by better performance in the commercial portfolio.

Progress on Strategic Priorities

Five consent orders were terminated in the first quarter, indicating significant progress in risk and control work.

Growth in Fee-based Revenue

Fee-based revenue grew across many businesses, driven by investments to diversify revenues.

Consumer and Commercial Loan Growth

Loan growth was modest, with pockets of increased demand from commercial clients.

Expansion in Commercial Banking

Strong growth in investment banking fees, especially in debt capital markets.

Wells Fargo (WFC) Earnings, Revenues Date & History

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WFC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 15, 2025	2025 (Q2)	1.42 / -	1.33	―	―	―
Apr 11, 2025	2025 (Q1)	1.23 / 1.39	1.2	15.83% (+0.19)
Jan 15, 2025	2024 (Q4)	1.35 / 1.43	0.86	66.28% (+0.57)
Oct 11, 2024	2024 (Q3)	1.28 / 1.42	1.48	-4.05% (-0.06)
Jul 12, 2024	2024 (Q2)	1.29 / 1.33	1.25	6.40% (+0.08)
Apr 12, 2024	2024 (Q1)	1.07 / 1.20	1.23	-2.44% (-0.03)
Jan 12, 2024	2023 (Q4)	0.86 / 0.86	0.67	28.36% (+0.19)
Oct 13, 2023	2023 (Q3)	1.24 / 1.48	0.85	74.12% (+0.63)
Jul 14, 2023	2023 (Q2)	1.16 / 1.25	0.74	68.92% (+0.51)
Apr 14, 2023	2023 (Q1)	1.14 / 1.23	0.88	39.77% (+0.35)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WFC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 11, 2025	$62.76	$62.17	-0.94%
Jan 15, 2025	$70.45	$75.16	+6.69%
Oct 11, 2024	$56.82	$60.01	+5.61%
Jul 12, 2024	$58.75	$55.21	-6.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.