Wells Fargo beats profit estimates, CEO warns tariffs could slow growth

From Investing.com: 2025-04-11 08:40:00

Wells Fargo reported higher-than-expected profits, with earnings of $1.07 per share in the second quarter. However, CEO Charles Scharf cautioned that tariffs could potentially hamper economic growth. The bank’s revenue also exceeded expectations, reaching $21.6 billion in the quarter. Wells Fargo’s stock rose by 1.5% following the earnings report.



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