Positive. Wells Fargo shares surged after strong Q4 performance, exceeding earnings expectations and focusing on future growth.

From CNBC: 2025-01-15 14:00:54

Wells Fargo shares surged after beating Q4 earnings expectations, with total revenue of $20.38 billion and adjusted EPS of $1.58. The stock rose over 7%, hitting $76 per share. CEO Charlie Scharf’s leadership drove positive results, despite a miss in fee-based revenue growth. The bank aims for a 15% ROTCE.

Wells Fargo’s strong performance in Q4 led to a stock rally, exceeding analysts’ estimates with revenue and EPS. CEO Charlie Scharf’s strategic priorities have reduced costs and diversified revenue streams. Aiming for a 15% ROTCE, the bank’s 2025 outlook includes NII growth and expense reduction initiatives to boost future profitability.



Read more at CNBC:: Wells Fargo shares surge post-earnings as Wall Street wisely focuses on the big picture