The earnings call reflects a positive outlook with significant milestones such as the removal of the asset cap, improved financial performance, and strategic growth in investment banking despite challenges in loan yield competition and the potential impact of future rate cuts.

Company Guidance -

Q3 2025

During the Wells Fargo & Company Second Quarter 2025 Earnings Conference Call, significant guidance was provided on various metrics. Net income for the quarter was reported at $5.5 billion, with diluted earnings per share rising to $1.60, marking an increase from both the previous quarter and the same period last year. The call highlighted a 2% increase in net interest income from the first quarter, driven by lower deposit costs and higher loan balances. Furthermore, the company's return on tangible common equity improved alongside a 4% rise in non-interest income year-over-year, bolstered by a $253 million gain from acquiring the remaining interest in a merchant services joint venture. The call also emphasized a disciplined approach to expenses, maintaining a strong credit performance with lower net loan charge-offs, and a notable milestone of the asset cap removal, which grants more flexibility in capital allocation. In addition, Wells Fargo plans to increase its third-quarter common stock dividend by 12.5% to $0.45 per share, pending board approval.

Improved Financial Performance

Net income increased to $5.5 billion or $1.60 per diluted share, reflecting ongoing investments, expense focus, strong credit discipline, and capital return.

Asset Cap Removal

The asset cap was lifted, allowing more aggressive growth in deposits and loan allocations, and marking a pivotal milestone in company transformation.

Investment Banking Growth

Investment banking fees up 16% during the first half of the year, with increased market share and gains in leveraged finance and M&A.

Improved Credit Performance

Credit performance improved with lower net loan charge-offs and losses in consumer and commercial portfolios improved from a year ago.

Dividend and Stock Buyback

Expected to increase third quarter common stock dividend by 12.5% and authorized an additional common stock repurchase program of up to $40 billion.

Wells Fargo (WFC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WFC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 14, 2025	2025 (Q3)	1.53 / -	1.42	―	―	―
Jul 15, 2025	2025 (Q2)	1.41 / 1.60	1.33	20.30% (+0.27)
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)

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
Jul 15, 2025	$83.43	$78.86	-5.48%
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%

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.