secwatch.observer — SEC 8-K summary
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Issuer:     WELLS FARGO & COMPANY/MN (WFC)
CIK:        0000072971
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0000072971-25-000101
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 Q1 EPS $1.39 (+16% YoY), revenue $20.1B, closes five consent orders
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72971/000007297125000101/0000072971-25-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72971/000007297125000101/wfc-20250411.htm
  HTML page:      https://secwatch.observer/filing/0000072971-25-000101

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer