secwatch.observer — SEC 8-K summary
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Issuer:     WELLS FARGO & COMPANY/MN (WFC)
CIK:        0000072971
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0000072971-25-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wells Fargo Q4 net income $5.1B, EPS $1.43; FY repurchases $20B; OCC consent order terminated
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- Q4 2024 net income $5,079M ($1.43 EPS) vs $3,446M ($0.86 EPS) a year ago; revenue $20,378M.
- Net interest income $11,836M (-7% YoY); noninterest income $8,542M (+11% YoY) on venture gains and asset-based fees.
- Noninterest expense $13,900M (-12% YoY) including lower FDIC assessment and severance; $863M discrete tax benefit recognized.
- CET1 ratio 11.1%; repurchased 57.8M shares ($4.0B) in Q4; full-year $20B repurchases and 15% dividend increase.
- OCC terminated 2016 sales-practices consent order; credit card loan growth and checking account expansion cited as bright spots.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72971/000007297125000007/0000072971-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72971/000007297125000007/wfc-20250115.htm
  HTML page:      https://secwatch.observer/filing/0000072971-25-000007

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