- Wells Fargo’s net interest income for Q3 was $11.95 billion, slightly below the estimate of $12.01 billion.
- Earnings per share (EPS) came in at $1.66.
- Total revenue stood at $21.44 billion, surpassing the estimate of $21.16 billion.
- Consumer banking and lending generated $9.65 billion in total revenue.
- Corporate and investment banking reported revenue of $4.88 billion.
- Wealth and investment management brought in $4.20 billion in total revenue.
- Provision for credit losses was $681 million, lower than the estimated $1.17 billion.
- Net charge-offs amounted to $942 million, below the anticipated $1.09 million.
- Non-interest expenses reached $13.85 billion, higher than the estimate of $13.42 billion.
- Investment banking fees were $840 million, exceeding the forecast of $742.8 million.
- Net interest margin was 2.61%, slightly below the estimated 2.7%.
- Total average loans were $928.7 billion, just above the projection of $926.43 billion.
- Total average deposits remained at $1.34 trillion, aligned with expectations.
- Non-performing assets totaled $7.83 billion, below the anticipated $8.08 billion.
- The efficiency ratio was 65%, higher than the estimate of 63.6%.
- Common equity Tier 1 ratio stood at 11%, surpassing the expected 10.9%.
- Return on tangible common equity was 15.2%, exceeding the projection of 14.4%.
- Return on equity was recorded at 12.8%, above the estimated 12%.
- Return on assets measured 1.1%.
- Mortgage banking non-interest income was $268 million, higher than the expected $252.7 million.
- Personnel expenses were $9.02 billion, above the estimate of $8.73 billion.
- The company’s investment ratings include 19 buys, 11 holds, and 2 sells.
Wells Fargo & Co on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have provided positive coverage of Wells Fargo & Co, focusing on key aspects of the company’s performance and strategic direction. In their report titled “Wells Fargo’s Post-Consent Order Comeback – Can It Rebuild Trust Fast Enough?“, they highlight the company’s second-quarter results in 2025, showing progress in growth strategies and financial discipline. With a net income of $5.5 billion and improved earnings per share, the report suggests consistent execution post asset cap removal, indicating a promising phase of growth for the company.
Furthermore, in another report titled “Wells Fargo: Focus On Non-Interest Revenue & Critical Growth Levers!“, Baptista Research praises Wells Fargo’s focus on non-interest revenue and critical growth levers as seen in their first-quarter performance of 2025. Despite challenges in the economic environment, the company reported a 16% increase in earnings per share, showcasing the benefits of its investment diversification strategy. Analysts express optimism about Wells Fargo’s strategic priorities and potential for growth in the face of market challenges.
A look at Wells Fargo & Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Wells Fargo & Co is positioned for a positive long-term outlook. With strong ratings in Value, Growth, and overall Resilience, the company showcases stability and potential for growth in the future. While its Dividend and Momentum scores are slightly lower, indicating room for improvement in these areas, the company’s solid foundation in key metrics bodes well for its performance over the long haul.
Wells Fargo & Co, a diverse financial services provider with operations spanning banking, insurance, investments, and more, continues to navigate the industry landscape with a strategic approach. Operating through various channels in North America and internationally, the company’s multi-faceted presence positions it well to adapt to changing market dynamics and capitalize on growth opportunities ahead.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
