Wells Fargo’s Q4 2024 earnings exceeded expectations, boosting shares and providing a positive outlook for net interest income in 2025

The bank reported adjusted earnings per share of $1.42, which was higher than the $1.35 analysts predicted. However, revenue came in at $20.38 billion, slightly below the expected $20.59 billion.
Net income reached $5.1 billion, or $1.43 per diluted share, marking a 47% increase from the same quarter last year. The bank anticipates that net interest income for 2025 will be 1% to 3% higher than the $47.7 billion reported in 2024.
Following the earnings release, Wells Fargo’s shares rose nearly 2% in premarket trading. CEO Charlie Scharf expressed pride in the bank’s performance, highlighting significant progress over the past year. He noted improvements in earnings, customer service, and a strong balance sheet, along with a $25 billion return of capital to shareholders.
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