earnings
confidence high
sentiment positive
materiality 0.75
Wells Fargo Q1 EPS $1.39 (+16% YoY), revenue $20.1B, closes five consent orders
WELLS FARGO & COMPANY/MN
2025-Q1 EPS reported
$1.39
- Net income $4.9B, diluted EPS $1.39, up 16% YoY; total revenue $20.1B, down 3% YoY.
- Net interest income $11.5B, down 6% YoY on lower rates and loan balances; noninterest income stable at $8.7B.
- CET1 ratio 11.1%; repurchased 44.5M shares ($3.5B) in Q1.
- Closed five consent orders in Q1; 11 closed since 2019. CEO expresses confidence in completing remaining orders.
- Provision for credit losses $932M (down 1% YoY); net charge-offs $1.009B (down 13% YoY).