Earnings summaries and quarterly performance for WELLS FARGO & COMPANY/MN.
Executive leadership at WELLS FARGO & COMPANY/MN.
Board of directors at WELLS FARGO & COMPANY/MN.
CM
CeCelia Morken
Detailed
Director
CC
Celeste Clark
Detailed
Director
FG
Fabian Garcia
Detailed
Director
FN
Felicia Norwood
Detailed
Director
MM
Maria Morris
Detailed
Director
MC
Mark Chancy
Detailed
Director
RD
Richard Davis
Detailed
Director
RS
Ron Sargent
Detailed
Director
SB
Steven Black
Detailed
Independent Chair of the Board
SV
Suzanne Vautrinot
Detailed
Director
TC
Theodore Craver
Detailed
Director
WH
Wayne Hewett
Detailed
Director
Research analysts who have asked questions during WELLS FARGO & COMPANY/MN earnings calls.
BG
Betsy Graseck
Morgan Stanley
8 questions for WFC
Also covers: BAC, BK, C +8 more
Ebrahim Poonawala
Bank of America Securities
8 questions for WFC
Also covers: , BK, BMO +30 more
Erika Najarian
UBS
8 questions for WFC
Also covers: AXP, BAC, C +14 more
Gerard Cassidy
RBC Capital Markets
8 questions for WFC
Also covers: BAC, BK, BPOP +14 more
JP
John Pancari
Evercore ISI
8 questions for WFC
Also covers: ALLY, BFH, CFG +16 more
JM
John McDonald
Truist Securities
6 questions for WFC
Also covers: BAC, C, FHN +6 more
KU
Ken Usdin
Autonomous Research
5 questions for WFC
Also covers: BAC, BK, C +11 more
MO
Matt O'Connor
Deutsche Bank
5 questions for WFC
Also covers: BAC, JPM, KEY +5 more
CM
Chris McGratty
KBW
3 questions for WFC
Also covers: BAC, C, CFG +13 more
MO
Matthew O'Connor
Deutsche Bank
3 questions for WFC
Also covers: BAC, C, CFG +11 more
SS
Scott Siefers
Piper Sandler
3 questions for WFC
Also covers: ASB, CFG, FITBI +6 more
Christopher McGratty
Keefe, Bruyette & Woods
2 questions for WFC
Also covers: ASB, BAC, BANC +33 more
David Long
Raymond James Financial, Inc.
2 questions for WFC
Also covers: ALRS, BY, EFSC +10 more
Robert Siefers
Piper Sandler & Co.
2 questions for WFC
Also covers: ASB, CFG, CMA +4 more
RS
R. Scott Siefers
Piper Sandler Companies
2 questions for WFC
Also covers: ASB, CFG, FITB +6 more
SM
Saul Martinez
HSBC
2 questions for WFC
Also covers: AXP, BAC, C +6 more
KU
Kenneth Usdin
Jefferies
1 question for WFC
Also covers: BK, C, FITB +7 more
SC
Steven Chubak
Wolfe Research
1 question for WFC
Also covers: AMP, AMTD, APO +17 more
VJ
Vivek Juneja
JPMorgan Chase & Co.
1 question for WFC
Also covers: BAC, C, NTRS +2 more
Recent press releases and 8-K filings for WFC.
Wells Fargo reports 2025 results and 2026 outlook
WFC
Earnings
Guidance Update
Share Buyback
- Wells Fargo reported $21.3 B net income for 2025, with 17% y/y EPS growth, and delivered 5% growth in fee-based revenue on disciplined expense management.
- Total assets grew 11% y/y, deposits increased broadly, and credit performance remained strong with 16% lower net charge-offs; returned $23 B of excess capital via dividends (+13%) and $18 B in share repurchases, targeting a CET1 ratio of ~10-10.5%.
- Fourth-quarter net income was $5.4 B (+6% y/y) with $1.62 EPS (+13% y/y; $1.76 ex-severance); net interest income for 2026 is guided to ~$50 B, including ~$2 B from markets, and ~$48 B ex-markets.
- ROTCE rose to 15% in 2025, and Wells Fargo set a new medium-term return target of 17-18%, envisioning continued expense discipline and revenue investments.
9 hours ago
Wells Fargo reports Q4 2025 earnings and 2026 outlook
WFC
Earnings
Guidance Update
Share Buyback
- 2025 net income of $21.3 billion and 17% EPS growth; Q4 net income $5.4 billion, diluted EPS $1.62 (or $1.76 ex-severance)
- 2026 net interest income guidance of $50 billion+, with NII ex-markets at ~$48 billion and Markets NII at ~$2 billion, assuming 2–3 Fed rate cuts
- 2026 non-interest expense expected at $55.7 billion, reflecting $2.4 billion of efficiency savings offset by increased technology and revenue-related costs
- CET1 ratio of 10.6% at Q4-end, with $5 billion in share repurchases in Q4 ($18 billion FY) and $23 billion returned to shareholders in 2025
- Post-asset-cap removal, assets grew 11%, fee-based revenue +5%, average loans +5%, net charge-offs down 16%, and 22 consecutive quarters of headcount reductions
10 hours ago
Wells Fargo reports Q4 2025 results and 2026 outlook
WFC
Earnings
Guidance Update
Share Buyback
- Net income of $21.3 billion, with diluted EPS up 17% year-over-year and fee-based revenue +5%, reflecting broad-based consumer and commercial growth.
- Assets grew 11% from a year ago, supported by loan and deposit growth; net charge-offs declined 16%, and headcount is down >25% since Q2 2020.
- Returned $23 billion of excess capital in 2025 via a 13% dividend increase and $18 billion of share repurchases; CET1 ratio stood at 10.6% at year-end.
- 2026 guidance includes net interest income of $50 billion+, NII ex-markets ~$48 billion, and non-interest expense of ~$55.7 billion; medium-term ROTCE target raised to 17–18%.
11 hours ago
Wells Fargo reports Q4 2025 results
WFC
Earnings
Share Buyback
Dividends
- Net income of $5.4 billion, or $1.62 per diluted share, and $5.8 billion excluding severance charges, or $1.76 per share, reflecting a 4Q25 ROE of 12.3% and ROTCE of 14.5%.
- Revenue of $21.3 billion (up 4%), with net interest income of $12.3 billion (up 4%) and noninterest income of $9.0 billion (up 5%).
- Efficiency ratio improved to 64%, CET1 ratio at 10.6%, and repurchased $5.0 billion of common stock in Q4.
- Average loans grew 5% to $955.8 billion and average deposits rose 2% to $1.4 trillion, with net loan charge-offs of $1.0 billion (0.43% of loans) and an allowance for credit losses of $14.3 billion.
16 hours ago
Wells Fargo reports Q4 2025 results
WFC
Earnings
- Wells Fargo reported total revenue of $21.3 billion in 4Q25, with net interest income of $12.3 billion (+4% YoY) and noninterest income of $9.0 billion (+5% YoY).
- Net income was $5.4 billion, or $1.62 diluted EPS, up 6% and 13% YoY, respectively, and pre-tax pre-provision profit rose 17% to $7.6 billion.
- Credit performance remained strong: provision for credit losses was $1.04 billion, net loan charge-offs were $1.03 billion (0.43% of average loans), and the allowance for credit losses stood at $14.3 billion.
- Capital and liquidity metrics were robust, with a Common Equity Tier 1 ratio of 10.6%, total loss-absorbing capacity ratio of 23.2%, and liquidity coverage ratio of 119%.
- Efficiency improved to an efficiency ratio of 64% and ROTCE reached 14.5%, while average loans grew 5% to $955.8 billion and deposits rose 2% to $1.378 trillion.
16 hours ago
Wells Fargo’s rail lease portfolio acquired by GATX and Brookfield
WFC
M&A
- GATX Corporation and Brookfield Infrastructure Partners completed the acquisition of Wells Fargo’s rail operating lease portfolio on January 1, 2026.
- The transaction was executed through a joint venture between GATX and Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) and its institutional partners.
- Wells Fargo’s rail portfolio included approximately 101,000 railcars, marking a significant transfer of assets.
Jan 5, 2026, 2:06 PM
Wells Fargo announces redemption of floating rate junior subordinated debentures
WFC
Debt Issuance
- Wells Fargo & Company will redeem all of its Floating Rate Junior Subordinated Deferrable Interest Debentures due January 15, 2027 on January 15, 2026.
- The optional prepayment price is 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.
- Upon redemption, a covenant restricting Wells Fargo’s ability to redeem its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB will be released.
Dec 12, 2025, 1:00 PM
Wells Fargo Investment Institute issues 2026 market outlook
WFC
Guidance Update
- WFII forecasts 2.4% US GDP growth and 2.8% CPI inflation for 2026, with an S&P 500 target of 7,400–7,600 and federal funds rate of 3.00–3.25%
- Identifies tech spending, Fed rate cuts, deregulation, and tax incentives as key tailwinds likely to shape market opportunities in 2026
- Favors positioning portfolios in U.S. large- and mid-cap equities, industrial and precious metals, complemented by international equities and intermediate-maturity investment-grade bonds
- Recommends diversifying through alternatives and private capital—including hedge funds, private equity secondaries, infrastructure, and small/mid-cap buyouts—while selectively exploring digital assets
Dec 10, 2025, 2:02 PM
Wells Fargo outlines strategy at Goldman Sachs Financial Services Conference
WFC
Guidance Update
Share Buyback
Dividends
- CEO Charlie Scharf highlighted resilient consumer spending with marginally improved delinquencies, strong deposit and investment balances, and a stable spending gap between affluent and less affluent segments.
- With the asset cap lifted, Wells Fargo can fully compete across deposits, lending and non-balance sheet businesses, and has raised its ROTCE target to 17–18% from 14–15%.
- Growth priorities include scaling the credit card business with 11 new products and leveraging branch distribution, expanding auto finance partnerships (e.g., Volkswagen/Audi), and methodical corporate & investment bank growth toward a top-five fee share.
- Commercial loan growth is picking up modestly heading into 2026 as tariffs stabilize and rates potentially ease, while deposit growth will be driven by renewed consumer marketing and branch engagement.
- An ongoing efficiency program has removed $15 billion of costs over five years, and AI deployment is expected to boost productivity—especially in coding, compliance and client support—funding further technology and marketing investments without expanding the expense base.
Dec 9, 2025, 1:00 PM
Wells Fargo CEO outlines post-cap growth and capital plans
WFC
Guidance Update
Share Buyback
- Post-asset cap, Wells Fargo aims to raise its ROTCE to 17–18% by investing across all segments and achieving best-in-class returns.
- The bank plans to rebuild deposit market share through enhanced consumer marketing, branch initiatives, and competitive pricing, targeting growth beyond the asset-capped years.
- Efficiency efforts have delivered $15 billion of gross cost savings over five years, enabling self-funded investments and AI-driven productivity gains, with ongoing headcount reductions planned.
- With substantial excess capital, Wells Fargo targets a 10–10.5% CET1 ratio, has repurchased $5 billion of stock this quarter, and expects consistent dividend increases.
Dec 9, 2025, 1:00 PM
Quarterly earnings call transcripts for WELLS FARGO & COMPANY/MN.
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