Q2 Earnings Snapshot
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Wells Fargo Stock Tumbles
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Michael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss the company’s earnings, the change in interest rates impact on business and loan growth.
Wells Fargo beat Q2 earnings estimates with $1.60 EPS, lifted by strong fee income, while net interest income declined and guidance was lowered.
JPMorgan Chase and Wells Fargo saw a surge in mortgage originations in Q2 2025, but the gains in volume came with lower margins.
US banking giants beat Q2 forecasts as investment banking rebounds, though concerns remain over trade policy and macroeconomic conditions.
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.
The CBJ will recognize top projects in commercial real estate completed between July 1, 2024 to June 30, 2025 in the Charlotte region. The entire team - from developer to architect to law firm to financier - will be recognized in a special report and celebrated at an awards dinner in October. Submit your nomination today!
Fed stress test success, dividend hike, and growth momentum. Read why I believe WFC is a dividend income champ with further upside.