Wells Fargo & Company (WFC) offers a variety of financial products and services globally. Analysts predict a Q3 profit of $1.54 per share, up 1.3% from last year. Full fiscal 2025 EPS is expected at $5.88, up 6.5% from 2024, and fiscal 2026 is projected to be $6.74 per share.
Despite positive results, Wells Fargo’s stock dropped 5.5% after Q2 earnings release due to lower rates affecting net interest income. Its non-interest income grew by 4%, surpassing expectations. The company’s net income for the quarter increased by 11.9%, beating estimates.
Wells Fargo’s stock prices soared 57.3% in the past year, outperforming the S&P 500 and Financial Select Sector SPDR Fund. Despite reducing NII guidance for 2025, analysts maintain a “Moderate Buy” rating, anticipating a 4% upside from the current price.
Read more at Yahoo Finance: What You Need To Know Ahead of Wells Fargo’s Earnings Release
