Wells Fargo grants CEO Scharf $40M comp for 2025; cites regulatory wins, EPS up 17%

WELLS FARGO & COMPANY/MN

Board approved CEO Charles Scharf's total compensation of $40M for 2025, consisting of $2.5M salary and $37.5M variable.
Net income rose to $21.3B; diluted EPS grew 17% YoY; fee-based revenue up 5%.
Returned ~$23B to shareholders: common dividend increased 13% and $18B in share repurchases.
ROE improved to 12.4% from 11.4%; board set new medium-term ROTCE target of 17-18%.
Key regulatory progress: closed 7 consent orders, Federal Reserve asset cap removed.

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