Wells Fargo 2Q net $5.5B

Wells Fargo 2Q net interest income $11.71B Wells Fargo 2Q revenue $20.82B Wells Fargo 2Q return on assets 1.14% Wells Fargo Q2 net income USD 5,494 million vs. IBES estimate USD 4,597 million Wells Fargo 2Q net $5.5B Wells Fargo 2Q net interest income $11.71B Wells Fargo 2Q revenue $20.82B Wells Fargo 2Q return on assets 1.14% Wells Fargo Q2 net income USD 5,494 million vs. IBES estimate USD 4,597 million

Wells Fargo (NYSE: WFC) reported its second-quarter (Q2) 2025 earnings on July 2, 2025, showing strong performance across key financial metrics. The company reported a net interest income of $11.71 billion, a revenue of $20.82 billion, and a return on assets (ROA) of 1.14%. The net income for Q2 2025 was $5.494 billion, surpassing the IBES estimate of $4.597 billion.

Wells Fargo's net interest income decreased by 2% compared to the same period last year, primarily due to lower interest rates on floating rate assets and changes in the deposit mix. However, this was partially offset by lower market funding and lower deposit pricing. Noninterest income increased by 4%, driven by gains from the merchant services joint venture acquisition, higher asset-based fees in Wealth and Investment Management, and increased investment banking fees. Noninterest expenses increased by 1%, mainly due to higher revenue-related compensation expense and technology and equipment expenses.

The company's provision for credit losses included a slight increase in the allowance for credit card loans on higher loan balances, partially offset by a lower allowance for commercial real estate loans on lower loan balances. Overall, Wells Fargo's Q2 2025 earnings show resilience in the face of challenging market conditions, with positive developments in key revenue streams.

References:
[1] https://finance.yahoo.com/news/earnings-watch-wells-fargo-wfc-030124230.html
[2] https://seekingalpha.com/news/4467389-wells-fargo-non-gaap-eps-of-1_54-beats-by-0_14-revenue-of-20_82b-in-line