From CNBC: 2025-04-11 07:34:00

Wells Fargo shares rose after reporting Q1 earnings. Adjusted EPS at $1.39, beating estimates. Revenue at $20.15 billion, lower than expected $20.75 billion. Net interest income fell 6% to $11.50 billion. CEO Scharf highlighted economic uncertainty due to trade actions. Bank bought back $3.5 billion in shares.

Wells Fargo reported an increase in earnings for Q1, with adjusted EPS of $1.39 and revenue of $20.15 billion. Net interest income fell 6% while non-interest income rose 1%. CEO Scharf highlighted the economic uncertainty due to trade actions. The bank bought back $3.5 billion in shares and set aside $932 million for credit losses.

Read more: Wells Fargo WFC earnings Q1 2025