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Wells Fargo & Co.

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Earnings Recap

Wells Fargo's Q3 '25 EPS was $1.66, beating estimates of $1.55, and revenue was $22.05B, exceeding the estimated $21.15B; the company is now targeting a 17 to 18% ROTC over the medium term.

Bullish

Revenue increased 5% from a year ago, with growth in both net interest income and strong fee based revenue; investment banking fees increased 25% from a year ago.

Bearish

NIM declined seven basis points from the second quarter, driven by growth in lower yielding trading assets.

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