- Wells Fargo reported earnings per share (EPS) of $1.66, exceeding the estimated $1.55 and showcasing a significant improvement from the previous year’s EPS of $1.52.
- The company’s revenue reached $21.44 billion, surpassing estimates and marking a 5.3% increase year-over-year, driven by increased net interest income and broad-based fee income growth.
- Net income stood at $5.6 billion, with a notable reduction in credit losses to $681 million from $1.07 billion the previous year, indicating improved credit quality and risk management.
Wells Fargo & Company (NYSE:WFC) is a prominent player in the financial services industry, offering a wide range of banking, investment, and mortgage products. The company competes with other major banks like JPMorgan Chase and Bank of America. On October 14, 2025, Wells Fargo reported its third-quarter earnings, showcasing strong financial performance that exceeded market expectations.
Wells Fargo reported earnings per share (EPS) of $1.66, surpassing the estimated $1.55. This performance reflects a significant improvement from the previous year’s EPS of $1.52. The company’s ability to consistently outperform consensus EPS estimates over the past four quarters highlights its strong operational efficiency and strategic execution.
The company’s revenue for the quarter reached $21.44 billion, exceeding the estimated $21.15 billion. This marks a 5.3% increase compared to the same period last year. The revenue growth was driven by increased net interest income and broad-based fee income growth across both consumer and commercial segments, as highlighted by the company’s financial report.
Wells Fargo’s net income for the quarter was $5.6 billion, translating to $1.66 per diluted share. The bank’s noninterest expenses amounted to $13.85 billion, while the provision for credit losses decreased to $681 million from $1.07 billion the previous year. This reduction in credit losses indicates improved credit quality and risk management.
The bank’s average loans expanded to $928.7 billion, with Consumer Banking and Lending increasing by 3% and Corporate and Investment Banking rising by 4% year-over-year. Deposits remained stable at $1.34 trillion, with Wealth and Investment Management showing a notable 18% growth from the previous year. CEO Charlie Scharf emphasized the bank’s robust performance and strategic advancements, stating, “The momentum we are building is evident in our results.”
